HDFC BANK LTDLong
Will HDFC ever succeed in a breakout?
Underperforming since 2021. Trying to break out of the consolidation, several attempts were made and failed. Will it succeed this time??
✅Forming inverted Head and Shoulder pattern in DTF
✅Consolidating in a tight range right above 50 DMA.
✅Trading right below ATH.
✅Consolidating with narrow-range candles.
✅Bullish engulfing on 5 Nov.
❗️Underperformer.
❗️Risk of fakeouts.
▶️Market Cap---₹ 13,41,213 Cr.
▶️Current Price---₹ 1,755
▶️Stock P/E19.4
▶️ROCE7.67 %
▶️ROE17.1 %
Watch for a breakout above 1795 for an Entry. Low risk setup. Risk is in the range of 6-8%. Please study the chart and do your research. This is not a buy/sell recommendation.
✅Forming inverted Head and Shoulder pattern in DTF
✅Consolidating in a tight range right above 50 DMA.
✅Trading right below ATH.
✅Consolidating with narrow-range candles.
✅Bullish engulfing on 5 Nov.
❗️Underperformer.
❗️Risk of fakeouts.
▶️Market Cap---₹ 13,41,213 Cr.
▶️Current Price---₹ 1,755
▶️Stock P/E19.4
▶️ROCE7.67 %
▶️ROE17.1 %
Watch for a breakout above 1795 for an Entry. Low risk setup. Risk is in the range of 6-8%. Please study the chart and do your research. This is not a buy/sell recommendation.
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