H&S Patterns in HDFC Bank & Possible Descending Tri Breakout
Head & Shoulder: Neck Line is acting as strong support in Daily Chart. Short position can be taken if it breaks the neckline. But the chances are low because it forms a bullish candle with high volume.
Descending Triangle: Broken the Resistance and hence Long position can be taken.
Trend Line: Taking support on Trendline.
Target : 1st : 1465/-
2nd : 1485/-
Disclaimer: This is not a recommendation. Do your own research & Analysis before taking any decision.
Descending Triangle: Broken the Resistance and hence Long position can be taken.
Trend Line: Taking support on Trendline.
Target : 1st : 1465/-
2nd : 1485/-
Disclaimer: This is not a recommendation. Do your own research & Analysis before taking any decision.