HDFC made Double Bottom (as seen in chart), after that it tried breaking out but was not successful, until now, if it closes above 1950 Long can be initiated with SL of 1948. Increased volume can be seen. Target 1 is the long term trend line(visible on chart) which can act as resistance.
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Looks like its in no mood to oblige, wait for next week. Looks like its closing too close to resistance
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Looks like breakout is failing as HDFC is down to 1945 intraday, can come down a lot if it closes below 1948