HDFC BANK LTD
Long

HDFC BANK: Consolidation Breakout of 48 months - is wait over?

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With Nifty reaching to 26k without the participation of HDFC bank made many investors un-comfortable.

However now, Looks like the wait is about to over as Monthly Consolidation for almost 48 Months - 4 years is visibly broken but yet to give confirmation on candle close.

If the April 2025 candle closes above consolidate area then it will further increase the possibility of 30% up move.

DISC: Only for education purposes. Please consult your financial advisor before making any decision.

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