HDFC | Gann Price and Time Analysis
- This stock formed all time high on Gann Time Cycle date 16-Feb-2021 | Gann Time Cycle dates are marked as ORANGE vertical lines
- Consolidating in downtrend channel (colored PURPLE) since then | Today (10-Mar-2021) the stock broken out above downtrend channel
- Broke below lower channel (colored RED) on 05-Mar-2021 and now back to the lower channel again
- RSI is at lower channel support | RSI suggesting momentum built-up
- 2744 is important level to be watched for upside | It is an important Gann Level and a Cube (14 x 14 x 14) number as well
- Bullish above 2627 | Resistance levels: 2653 / 2704 / 2744 / 2809 / 2916 / 2958 / 3025 / 3136 / 3179
- Support levels 2539 / 2500 / 2476 / 2451 / 2426 / 2401 / 2377 / 2341
- 2341 to 2377 zone seems to have build a strong support for this stock.
- 24-Mar-2021 and 25-Mar-2021 both are important Time Cycle dates in this month.
Comment:
Important Time Cycles dates approaching.