HDFC BANK TREND ANALYSIS (DEMAND & SUPPLY)

Hi mates here I am sharing mine research on Hdfc Bank on daily time frame chart by some trendline to try to find out coming action in mine favorite Giant stock and that what we can see that today that it break a support below which I mentioned as downtrend support and closed below after taking resistance from up trendline and down trendline resistance too and gives a negative close so what are the coming possibilities in stock which I can see is that it could hit demand zone 1 and could bounce to downtrend support or resistance or could test to Demand zone 2 and bounce from there for demand zone 1 or maximum for downtrend support which will act as resistance cause price below support could act as resistance

-:Fresh Breakout we can see if only able to break Downtrend resistance and close above.

-:Fresh Breakdown we can see only able to break Demand zone 2 and close below.

BE A HERO, ALWAYS TRUST YOUR OWN ANALYSIS