Nifty 50 - 3rd Stock - HDFC bank -Pullback about to complete now
Hi All,
My Observtion on HDFC Bank:
1. Triangle pattern formed since Feb '21 with supports mentioned
2. Breakout done @ Rs.1510 on 16th Aug and went up to Rs.1690 and pullback/retest started on 16th Oct.
3. It's fallen since then and has breached the previous breakout point.
4. Likely to go up from Rs.1500.
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
My Observtion on HDFC Bank:
1. Triangle pattern formed since Feb '21 with supports mentioned
2. Breakout done @ Rs.1510 on 16th Aug and went up to Rs.1690 and pullback/retest started on 16th Oct.
3. It's fallen since then and has breached the previous breakout point.
4. Likely to go up from Rs.1500.
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran