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Technical Study 24.3.20 – HDFC Bank

We have seen the power of double bottom on SBI card & payment, now same pattern but on opposite side forming on Hdfc Bank on 15 Min time frame and it is called double top. This pattern represents strong resistance on a particular price and forms this pattern.

In this pattern first target should be the difference between the top and neck line. One can watch closely to break the neck line and can go short.

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