The setup that I can find in hdfcbank is clearly explained above in the chart. Specific details for the chart explanation
The inverse head and shoulder pattern has not yet been completed. The breakout also requires to break the supply zone near 1500 levels. Stock has retraced back to 78.6% from the last swing high. Stock gave a breakout of a steep declining trendline of 40 degree angle 200 ma acting as support.
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