I see a Head & Shoulder pattern in the making of HDFC Bank. Above 1645 this pattern will get activated and a good rally towards 1700 levels is inevitable. SL should be 1609.
Buy only when price action happens above 1645. Best of Luck!!
- Knight Kumar
Note
* Inverse H&S
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I hope folks remember they had to enter this trade only when stock goes beyond 1645 in hourly chart.
Now wait for my update.
Note
trade not initiated above desired levels. Trade Closed for now.
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