HDFCBANK | Falling Wedge Breakout

CMP: 985

HDFCBANK has broken out of a falling wedge on the daily chart - a classic bullish reversal setup!

🔹 Chart Pattern: Falling Wedge Breakout
🔹 Breakout Confirmation: Price has decisively broken above the upper trendline
🔹 Retest Zone: Price is consolidating near the breakout zone (977 – 980), showing strength
🔹 Pattern Target: 1040+
🔹 Immediate Resistance: 985
🔹 Support Zones: 977 & 970

📈 A Daily Close Above 985 (DCB) can fuel momentum towards the wedge breakout target of 1040+.

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📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.