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HDFC - Symmetric Triangle Formation
Symmetric Triangle formed here can lead stock for an Up move to the 2617 as we can see Resistance line.
So If triangle breakout successfully we can get our first target for short term (1-2 weeks) at Price level 2617.
Next target can be 2765 & 2896 (For long term)
If pattern breaks down, stock can take support near 2364
[Disclaimer : I am neither sebi register nor an expert. This information is for educational purpose. I am not responsible for profit or loss based on this analysis.]
So If triangle breakout successfully we can get our first target for short term (1-2 weeks) at Price level 2617.
Next target can be 2765 & 2896 (For long term)
If pattern breaks down, stock can take support near 2364
[Disclaimer : I am neither sebi register nor an expert. This information is for educational purpose. I am not responsible for profit or loss based on this analysis.]
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