CMP: 985
HDFCBANK has broken out of a falling wedge on the daily chart - a classic bullish reversal setup!
🔹 Chart Pattern: Falling Wedge Breakout
🔹 Breakout Confirmation: Price has decisively broken above the upper trendline
🔹 Retest Zone: Price is consolidating near the breakout zone (977 – 980), showing strength
🔹 Pattern Target: 1040+
🔹 Immediate Resistance: 985
🔹 Support Zones: 977 & 970
📈 A Daily Close Above 985 (DCB) can fuel momentum towards the wedge breakout target of 1040+.
#HDFCBANK | #BreakoutStocks | #FallingWedge | #ChartPatterns | #TechnicalAnalysis | #SwingTrading | #BullishBreakout
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
HDFCBANK has broken out of a falling wedge on the daily chart - a classic bullish reversal setup!
🔹 Chart Pattern: Falling Wedge Breakout
🔹 Breakout Confirmation: Price has decisively broken above the upper trendline
🔹 Retest Zone: Price is consolidating near the breakout zone (977 – 980), showing strength
🔹 Pattern Target: 1040+
🔹 Immediate Resistance: 985
🔹 Support Zones: 977 & 970
📈 A Daily Close Above 985 (DCB) can fuel momentum towards the wedge breakout target of 1040+.
#HDFCBANK | #BreakoutStocks | #FallingWedge | #ChartPatterns | #TechnicalAnalysis | #SwingTrading | #BullishBreakout
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.