This occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH).
When you see hidden bearish divergence, chances are that the pair will continue to shoot lower and continue the downtrend.
What we expect next?
As suggested earlier on 17th Aug 2022 video idea that the correction could be deep towards 2000 levels & has to be reviewed at certain intervals as markets are too volatile.
The last related idea can be checked below
Thank you
Related Idea for HDFC
Bank Nifty - Will if follow in the footseps of HDFC?
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Tops at 2507 Highs on 16/17th Aug 2022- Snapshot
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10:28 am / 28th Sep 2022
Last @ 2256
Intraday there is a support of 200 DEMA (Daily Exponential Moving Average) for the stock between 2232-2242
If support is intact, stock can do short term bounce upside for few sessions.
Thank you
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12:36 pm / 28th Sep 2022
Last @ 2276
As expected - short term bounce is running holding above 200 DEMA as suggested last
@AbhishekHSinghCMT hope you are doing good. If possible can you update on this hdfc ltd.
WaveTalks
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@ammodi, Just keep a watch on 2500-2520 zone. Above that. zone it is good to be a buyer & as soon as it keeps falling below 2500-2520 zone/ be careful suggesting that stock may see selling pressure.