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HDFC BANK - Weekly Hammer formation (Learning purposes)

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HDFC BANK (NSE:HDFCBANK)  
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NSE:HDFCBANK   HDFC BANK
Trend Analysis Technical Indicators Chart Patterns Hammer weeklymarketsanalysis HDFCBANK
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trendanalysis indicator chartpattern hammer weeklymarketsanalysis hdfcbank
In weekly time frame Hdfc Bank formed a hammer pattern.

Also after hammer formation candlestick pattern gives buying confirmation with SL of 1271.60.

Possible 1:1 target is 1451.7.

As weekly target takes time to achieve its great to buy this in equities rather than options. You can also see positive divergence.

This is for learning purposes only.

Thanks
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