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siddharthtrivedi077

HDFCBK Bottoming out

HDFC BANK (NSE:HDFCBANK)  
siddharthtrivedi077 Updated   
NSE:HDFCBANK   HDFC BANK
Trend Analysis Chart Patterns Technical Indicators HDFCBANK HDFC hdfcbankanalysis breakouttrading rangebreakout
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trendanalysis chartpattern indicator hdfcbank hdfc hdfcbankanalysis breakouttrading rangebreakout
HDFCBK bottoming out on the shorter timeframe, we can see a double bottom with the neckline at 1705, has support near 1668.

Above 1705 can go long for targets - 1715/1722/1742

Below 1668 can go short for targets- 1650/1635/1620
Trade closed: target reached:
After failing to hold 1668-70 levels HDFCBK gave a breakdown and our first lower target has been achieved, Any close above 1668-70 should be bullish for the stock!
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