HDFC BANK LTD
Long
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9 MONTHS WEEKLY CONSOLIDATION IS BROKEN

Why Bullish ?

Reasons :
1 . As Shown In The Link Shared - 9 Months Consolidation In A Certain Pattern Has Been Broken With Marubozu Candle.

2 . At The Same Time Rsi Pattern Has Also Been Broken - Giving Confirmation For The Strength Of This Trendy Marubozu Candle not only this It has broken W pattern as shown inside the box .

3 . Last But Not The Least - Stock Market And Global Market Sentiment Has Gone Bullish At The Same Time - Which Is Backing The Overall Story.

Best entry might generate after the retest of the box made .


Exit Positions Have Been Marked But Most Probabily It Will Hit All Time High Atleast - After This Long Consolidation.


Kindly Comment If Anyone Found This Information Helpful Or Anyone Who Takes Position After Reading This Article.

Thankyou.
Note
Retest has been done successfully .. tradingview.com/x/59h6VuM2/

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