it was in bearish mode and made a morning star also stock is on support and volume is moving up , sp chances of reversal are high . conservative bet will be when it broke last lower high then long with a stop loss on lower low . but for aggressive traders long when stock moves above PDH with a stop loss to PDL also update TSL to cost ASAP for aggresive trade
Weekly charts are to be studied along-with daily charts. Why HDFCBank has made such a big correction during strong uptrend? Nothing fundamentally wrong? Perhaps not. Negative Divergence on weekly chart. 200 points downside. Price now close to 200 WMA. So technically this is significant for resumption of the main trend.