Looking at the chart we can see
SL at 1472.40 which is the recent previous low just below the breakout zone
and TP at 2:1 ratio at 1565.60 post which we can consider trailing if probably good signals shows up by then.
- HDFCBANK just got a bounce from EMA200
- MACD shows fairly a positive signal
- Gets to break the recent high and retest the same
- finally a bullish engulfing 1hr candle
SL at 1472.40 which is the recent previous low just below the breakout zone
and TP at 2:1 ratio at 1565.60 post which we can consider trailing if probably good signals shows up by then.