HDFC BANK LTDPanjang
Triangle Pattern breakout in HDFC 1Day Time-frame
Over the past few weeks, HDFC Bank’s stock price was consolidating, forming a symmetrical triangle pattern. The support and resistance levels were gradually narrowing, showing that the stock was gearing up for a big move.
On [16 dec], the price broke out above the resistance line with a surge in trading volume, confirming the breakout. This is a strong bullish signal, as increased volume indicates heavy buying interest and strong momentum behind the move.
On [16 dec], the price broke out above the resistance line with a surge in trading volume, confirming the breakout. This is a strong bullish signal, as increased volume indicates heavy buying interest and strong momentum behind the move.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.