HDFC Break out & Retrace from Channel Pattern

HDFC has had a break out from the Channel Pattern and has retraced back to the Breakout.
Resistance should act as a Support and we could have a good probability of a Higher High Formation in the next couple of weeks.

HDFC BANK also has a similar formation. If these two Big guns get going, Bank Nifty could see a bounce back into the 38000 ~ 38759 Zone.