CUP AND HANDEL BREAKOUT IN FORMATION FOR HDFC BANK, GO LONG
Updated
HDFC bank charts in its weekly chart it shown clear formation of cup and handle formation in process, The likely resistance being at 1730 to 1740 level. Once it closes above this level the next possible target is at 2150-2250 zone, most likely to attain the same before coming general election.
disclaimer: . The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
disclaimer: . The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
Trade active
HDFC bank, is now coming out of the downward consolidation phase and soon will resume its upwrads jouney. Thenext targets on charts are 1620 + levels in a months time frame. Stop loss to carry this trade will be 1450.
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