HDFC BANK Monthly chart Ascending Triangle Pattern it break the trendline be careful if will break 1250 then go short 1Target 1152 & 2Target 711..
Observations: ------->>After trending upwards, a strong breakout is given above 1700 level, which is previous resistance got broken strongly. ------->>Now with opening a huge gap down, showing bearish pressure pushes the price towards downside, this is not a sign of reversal in HDFCBANK. It's an opportunity to enter long again from these levels. -------->>Keep on...
HDFCBANK is at its All time High. again Reversed from ATH. bullishness is continue or Reversal May Happen. A strong selling pressure is observed at 1700 level ,look at the reaction at 1680 levels to go upside or downside. if acts as Support price is moving upwards otherwise downwards. keep an eye at these levels.
Hdfcbank created a Gartley on weekly timeframe at a Crucial point of rounding top after MSCI Changes news hdfcbank rallied like anything we might see some exhaustion of the rally and some pullback is expected breakdown of 1600 round number with volume and close below it we might test 1548 comments are appreciated !