lakshaysharma5

HDFC BANK - CONFLUENCE STATE

Long
NSE:HDFCBANK   HDFC BANK
HDFC BANK - is at the confluence position. It was moving in a channel and broke down and came back towards the trend line today. It has made a cup formation and ready to breakout, or it can reverse from the trendline and breakdown again. Have a look on this and buy above the horizontal line only.

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