HDFC - TREND ANALYSIS
Price formed a lower high in Hourly Timeframe.
- Price approaching imbalance level, to cover pending sell orders (Also a Fibo Golden level))
- Once bearish imbalance level is taken, Price may breach equal lows to grab liquidity for Buying side
- Price may reverse from bullish order block after liquidity is taken
Overall stock trend in monthly Timeframe indicates a bearish correction in Elliot wave
STOCK TREND : NEUTRAL TO BEARISH
- Price approaching imbalance level, to cover pending sell orders (Also a Fibo Golden level))
- Once bearish imbalance level is taken, Price may breach equal lows to grab liquidity for Buying side
- Price may reverse from bullish order block after liquidity is taken
Overall stock trend in monthly Timeframe indicates a bearish correction in Elliot wave
STOCK TREND : NEUTRAL TO BEARISH
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.