This stock is now at resistance zone. price previously a strong fall is noticed from top side @ATH Levels, price is now in consolidation at support levels... This is the place again we have to look for continuation or reversal again to test the bottom side demand at 1240 zone of support. keep an eye on these levels.
The stock is trending downwards.... In Higher time frames price is in channel.... price is at support + trendline. If it is a bullish turn price breaks the trendline and retest will look for buy side.... If no break is detected and again falls will be on short side.... most chances of fall again...it has to clear the liquidity @1600 levels... Keep safe...
HDFCBANK is at its All time High. again Reversed from ATH. bullishness is continue or Reversal May Happen. A strong selling pressure is observed at 1700 level ,look at the reaction at 1680 levels to go upside or downside. if acts as Support price is moving upwards otherwise downwards. keep an eye at these levels.
Hdfcbank created a Gartley on weekly timeframe at a Crucial point of rounding top after MSCI Changes news hdfcbank rallied like anything we might see some exhaustion of the rally and some pullback is expected breakdown of 1600 round number with volume and close below it we might test 1548 comments are appreciated !
POSITIONAL Buy above 1405 Target 1450++ Stop loss 1380 Sell below 1383 to 1380 Target 1350 Stop loss 1407 I will Prefer buy trade if activated as risk reward is good Money management is equally important like technical analysis. Inside candle learning Only for educational purpose