HDFC Bank forming a Head & Shoulders Pattern on Daily timeframe

HDFC Bank HDFCBANK seems to be forming a Head & Shoulders Pattern on a daily timeframe.

With a neckline around 1360-1365 zone if the pattern completes, we may see next incoming target of around 1250 which was earlier resistance.

In case further breakdown, the next major support comes at 1150-1170 zone.HDFCBANK
Head and ShouldersSupport and ResistanceTrend Analysis

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