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Price-action-analysis

HDFC Bank 1D Price Action BehaviorHDFC Bank chart, on 1 Day timeframe, shows a healthy uptrend with periods of consolidation and correction. The repeated base formations and subsequent upward moves suggest that the stock has strong support levels, and the resistance zone around 1650-1673 INR will be a key area to watch for determining the next direction of the trend. The price is currently within the resistance zone, indicating a critical level where the traders might be watching for either a breakout or a reversal. If the stock breaks through this resistance, it could indicate a continuation of the uptrend. If not, it may consolidate or retrace to the support zone.
NSE:HDFCBANKLong
by Rushabh_P_Shah
Interesting twists, who is taking action and why?There is lot of twists herein: By the looking left to right , while breaking out the price Congestion we have seen Invalid breakout in price. That why price suddenly fall. Bullish forget of 3 candles was completely perfec t but, again we have seen valid heavy volume candle ...! Something is cooking in this stock. Let look more closer to the 4hrs chart. Very interesting:- Who is selling? Why selling? Insider created fake break-up? Investors will wait for new New low...! War begin s between buyers and sellers: Support has been already taken and price tries to move toward the control price.
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by Trade-Technique
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