HDFC Bank gave a breakdown from head and shoulder pattern. Not stock is resisting to go down, made a double bottom pattern and continuous rounding bottoms are showing accumulation and reversal. A close above 1410 will negate the head and shoulder pattern, and it will open target of 1520-1550.
Small stop loss in this trade is 1340 and bigger stop loss is below 1280.
I will personally increase my positions in HDFC bank above 1410, and not using any stop loss, I am ready to hold it in my portfolio.
Small stop loss in this trade is 1340 and bigger stop loss is below 1280.
I will personally increase my positions in HDFC bank above 1410, and not using any stop loss, I am ready to hold it in my portfolio.