HDFC 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...
As now from 3 days market as formed head and shoulders pattern and to breakout it and move downwords market and retest and make price action upto 17400 level and sustain the move to the 17350....! If the markets consolidates and move forward it can move 17470 to 17600 level by making swings as resistance ahead.
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...
