Heavyweight HDFCBank seems to be one of them.
- The Scrip was in a continuous which confirmed breakout on 21st May 2021 (Took support on the channel walls and gave a strong move up)
- The scrip has defined 1513-1521 (0.5% Area) as a . Once on 29th April 2021 when it tried to break the channel only to result in a rejection candle and then again on 24th May 2021, as seen by the small-body candle. Even today, the scrip was unable to cross the upper end of the zone and consolidated just below the zone towards the end.
- On the , A (Or even a - Kind) of pattern can be found which suggests possible bias.
- The scrip has taken 100DMA as a support over the last few days.
Could be used for intraday and short term swings.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.