Crucial Trend Line is broken but next power candle get the price again in Trend channel. Massive Volume. Clear example of Bear Trap.
Beauty of Head and Shoulder Pattern, breakout, retest and massive move.
1. Horizontal Levels Breakout 2. Trend Line Breakout 3. Very Bullish Candlestick Pattern More than 1:2 risk reward
2760 zone is very crucial for HDFC for 3 reasons - 1. 200 EMA in 1H time frame 2. 38% Fib retracement from swing high to swing low 3. Trend Line. If 2760 is broken decisively, stock can touch 2800.
Nifty made high at 61% and Bank Nifty at 38%
