InsiderB

An Analysis : Awaiting Breakout in HDFCBANK

NSE_EOD:HDFCBANK   HDFC BANK
HDFCBANK             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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By the way..check your Risk :Reward too..Happy Trading !
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VPS InsiderB
I have rechecked the ratios using Excel. Thanks for your feedback.
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Most Welcome,VPS !
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https://www.tradingview.com/chart/7hLqK1j8/
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Hey VPS, checked that, Potential Bullish Bat pattern, But make sure you got ratios correct. Because Trading view pattern drawing tool ratio's varies from Fib tools ratio...
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Bullish Bat Pattern. Do you agree?
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