Channel in HDFCBank

Notes:

• The scrip has been in a pretty tight range of 1% for the past 2 days. Today. after an early attempt at breaking the the upper wall, the stock fell into an even tighter consolidation of 0.5%. Expecting a breakout in either direction.
  
• Aggressive traders may also consider the inner channel it traded today to take positions.
  
• Safe traders could wait for the 1% channel bounds to be broken as confirmation.
  

Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.

Zlecenie zamknięto ręcznie:

A tough breakdown to catch.