HDFC Bank - Bull Sash Candlestick Pattern, But...
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HDFC Bank's share price traded strongly in the banking stock basket, forming the Bull Sash candlestick pattern on the daily chart.
But.......
An Adaptive RSI indicator has turned negative and the stock price have resisted at the signal line of the indicator.
The negative cross and resistance zone of 1,680-1,700 will be a decider for the further bullish momentum. If bulls fail to surpass with strong trend, that may be standing with the white flag.
