Bank-ruptcy.

On the announcement of merger between HDFC and HDFC Bank, the stock made a climax top and has been trading below it ever since. Expecting a follow through to the downside with 1150 as my first objective.
Beyond Technical AnalysisHDFCHDFCBANKhdfcbankanalysishdfcbankforecasthdfcbankshortMultiple Time Frame Analysis

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