HDFC BANK

5 870
Hello & welcome to this analysis

It has made double bearish Harmonic patterns at the same PRZ level - Crab & Deep Crab in the daily time frame with so far today's candle being an Open = High in daily time frame.

A retracement till 1950 - 1875 could be possible as long as the stock does not cross 2050.

A heavyweight in both Nifty & Bank Nifty, it could halt the uptrend of both the indexes either till it does not complete its pullback or the patterns get negated.

All the best

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