HDFCBANK : Cup & Holder at Weekly chart // Bull run start?

٢٨ سبتمبر

https://www.tradingview.com/chart/iUVVEnBZ/

HDFCBANK : After a long years of consolidation started in Jan-21, now about to breakout through Cup & Handle Pattern.

Here are few pointers for the pattern's stability:

1. Pattern is made on weekly chart which is substantially large time frame.
2. Consolidation time is very long ...almost touching 4-years.
3. RSI is at 80 which is extremely bullish.
4. Momentum / ADX is too bullish.
5. All institutional analyst are bullish

The investment target can be atleast 45% up move in next 12 months period from current price level.