HDFCBAK to go Up - As long as it holds 1210 LevelsHDFCBAK to go Up - As long as it holds 1210 Levels.
Results are good.. So today it might drop a bit more, but in a few days, I feel we are going to touch 1250-1260 Levels
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Again I'm not trading this.. I'm just going to watch if my analysis is correct
SL 1209.50 ----***********************
HDFCBANK
An Analysis : Awaiting Breakout in HDFCBANKHDFCBANK is forming a perfect descending triangle pattern over last 3-4 months and desperately need a breakout from the pattern.
Descending triangles can breakout any side so lets wait till the breakout happens and it became more valid with 3 touches on flatline.
Keep HDFCBANK in your list to look out for shorterm and if it gives ample opportunity to enter after Breakout, Hop on and ride whichever side it breaksout.
Check your risks also and plan well before taking positions.
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