From 2000 to 2008, HDFC outperformed HDFC Bank. The cycle turned thereafter in the favor of Bank. Looks like it may turn again.
*Housing Finance vs Banking*
More from Piyush Chaudhry
In such a case, H&S can be either a continuation pattern or compound fulcrum.
This is how to differentiate:
• if right shoulder is smaller than left, most likely a continuation H&S
• if right is same or higher than left, and the price is not coming to neckline, most likely CF
This is how to differentiate:
• if right shoulder is smaller than left, most likely a continuation H&S
• if right is same or higher than left, and the price is not coming to neckline, most likely CF
sir a doubt does head & shoulders work in down trend ? pic.twitter.com/dytYmbzOfp
— Vega_Greek (@VegaGreek) May 13, 2021
More from Hdfc
HDFC- how is it going now. Updated chart. Pure Price Action https://t.co/t8kbB7ExWF
HDFC - might pull back till 2620. A good risk-reward setup with a SL below 2560. I have entered with 2.5% capital only as large caps have a tendency of slow moves. pic.twitter.com/wpdGLPPLGe
— The_Chartist \U0001f4c8 (@nison_steve) August 5, 2021