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H&S Patterns in HDFC Bank & Possible Descending Tri Breakout

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HDFC BANK (NSE:HDFCBANK)  
shantanuvishwakarma  
NSE:HDFCBANK   HDFC BANK
Chart Patterns HDFCBANK Descending Triangle support
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chartpattern hdfcbank descendingtriangle support
Head & Shoulder: Neck Line is acting as strong support in Daily Chart. Short position can be taken if it breaks the neckline. But the chances are low because it forms a bullish candle with high volume.
Descending Triangle: Broken the Resistance and hence Long position can be taken.
Trend Line: Taking support on Trendline.
Target : 1st : 1465/-
2nd : 1485/-


Disclaimer: This is not a recommendation. Do your own research & Analysis before taking any decision.
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