Breakout Stocks: How to trade HDFC Bank, Praj Industries & Kaynes Technology on Wednesday?

Indian markets closed marginally lower on Tuesday. The Nifty formed a bearish head and shoulder pattern, suggesting potential downside to 22,000. 24,500-24,700 is a strong resistance zone. Metals, telecom, and IT stocks gained, while healthcare, energy, oil & gas, auto, and utilities declined. HDFC Bank, Praj Industries, and Kaynes Technology hit new highs.

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