It has activated a C Clamp which suggest a retracement till 1860 is probable, which is also a resistance in weekly/monthly time frame. The level also tallies with a retracement of the monthly bullish harmonic pattern as well as with a probable bearish pattern near it in lower time frame. Two studies suggesting indentical resistance ahead!
It is in the PRZ of a Bullish Harmonic ALT SHARK in Weekly time frame. A daily close above 1650 would add conviction for a probable move for next resistance at 1850-2000. Small time frame resistance at 1590-1625. For now the pattern would get negated below 1450
for the next week watch list stock
Educational Purpose.
Level of 601 =Acted as Support & Resistance BOTH Level of 567 =Acted as Support ( StopLoss)
May come big breakout once closes above the trend line weekly/daily same level...wait and watch
Chart suggesting to see target as 2400...
Yes, its giving lot of information...lets try to understand
bad days for hdfc.............now at do r die