TradingView
InsiderB
Jan 16, 2016 11:35 AM

An Analysis : Awaiting Breakout in HDFCBANK 

HDFC BANKNSE

描述

HDFCBANK is forming a perfect descending triangle pattern over last 3-4 months and desperately need a breakout from the pattern.

Descending triangles can breakout any side so lets wait till the breakout happens and it became more valid with 3 touches on flatline.

Keep HDFCBANK in your list to look out for shorterm and if it gives ample opportunity to enter after Breakout, Hop on and ride whichever side it breaksout.

Check your risks also and plan well before taking positions.

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评论
VPS
Bullish Bat Pattern. Do you agree?
VPS
InsiderB
By the way..check your Risk :Reward too..Happy Trading !
VPS
I have rechecked the ratios using Excel. Thanks for your feedback.
InsiderB
Most Welcome,VPS !
VPS
InsiderB
Hey VPS, checked that, Potential Bullish Bat pattern, But make sure you got ratios correct. Because Trading view pattern drawing tool ratio's varies from Fib tools ratio...
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