HDFCBANK may reverse from the area between points X and D
but bears are little strong atleast we could expect a bull leg even if it faila to reverse
wait in this area and if market shows some reversal signs go long
if gapdown ignore bcoz the price has skipped it.
Nifty may reverse from this
mostly it will be reversal but confiramtion is important i.e wait for consicutive bull bar close tp go long
it may be also a bull leg if it is a sell trend
