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HDFC Bank forming a Head & Shoulders Pattern on Daily timeframe
HDFC BANK LTD
Short
HDFC Bank forming a Head & Shoulders Pattern on Daily timeframe
By kapildheer
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Dec 12, 2020
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Dec 12, 2020
HDFC Bank
HDFCBANK
seems to be forming a Head & Shoulders Pattern on a daily timeframe.
With a neckline around 1360-1365 zone if the pattern completes, we may see next incoming target of around 1250 which was earlier resistance.
In case further breakdown, the next major support comes at 1150-1170 zone.
HDFCBANK
Head and Shoulders
Support and Resistance
Trend Analysis
kapildheer
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