HDFC Break out & Retrace from Channel Pattern

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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.

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