HDFC Bank

HDFC Bank has made an inverted head and shoulder pattern on daily charts. The targets  for that could be around 1160 a new high. The neck line for that pattern is around 1055. The stock can be bought on at CMP and on any dip towards 1040 for that target of 1160. The stop loss for that could be placed around 1020. Another advantage the stock is going to Ex-dividend on 2-july by Rs. 8. So that is a good chance to grab the stock

Disclosure; This is not an invite to buy the stock i am sharing just for study purpose. I am holding this stock in cash market.