HDFCBANK : Cup & Holder at Weekly chart // Bull run start?
https://www.tradingview.com/chart/iUVVEnBZ/
HDFCBANK : After a long years of consolidation started in Jan-21, now about to breakout through Cup & Handle Pattern.
Here are few pointers for the pattern's stability:
1. Pattern is made on weekly chart which is substantially large time frame.
2. Consolidation time is very long ...almost touching 4-years.
3. RSI is at 80 which is extremely bullish.
4. Momentum / ADX is too bullish.
5. All institutional analyst are bullish
The investment target can be atleast 45% up move in next 12 months period from current price level.
HDFCBANK : After a long years of consolidation started in Jan-21, now about to breakout through Cup & Handle Pattern.
Here are few pointers for the pattern's stability:
1. Pattern is made on weekly chart which is substantially large time frame.
2. Consolidation time is very long ...almost touching 4-years.
3. RSI is at 80 which is extremely bullish.
4. Momentum / ADX is too bullish.
5. All institutional analyst are bullish
The investment target can be atleast 45% up move in next 12 months period from current price level.
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TradingView: tradingview.com/u/Stox_Ware/
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