PrincePipe -- LongPrincepipe - Chart has formed congestion in the monthly timeframe, Cup & Handle in the daily timeframe, a bullish engulfing candle on 29th Oct Friday Closing, All this has formed with the Earnings Ahead. It' a good buy Crossing the current resistance range 741-754 with good volume .
Congestion
HDFC DailyHDFC consolidation in a range. Could breakout the TL anytime. keep in radar for positional trading.
Speculative Wave Analysis on 4Hs chart:
Upcoming wave is impulsive wave and target is 577 nearby after up breakout.
-------------1 hour------------
Let's check Breakout more closer look.
While breakout the price Congestion, volume should more than 2x from average volume.
----------30 min-----------
The bhartiartl in slow direction moving towards down however if it breaks the 549 there can be a big move towards up-direction.