Taking support from bottom channel and prior high break would take it to test the prior low.
With the price being rejected at upper end of channel, boundary below is 2% from CMP. If it falls more breaking out of channel, that would be lovely.
We are at the channel support level and Stochastic is also turning positive in Oversold zone.
As shown on charts.
Both Fib support and prior high show the HDFC will take a bounce from these levels to prior high.
Gap is being filled which will provide any support and lend to further rise. Correct me as this is my first post to help improve my ideas.
We are almost at the end of downfall and we will get a bounce this week for sure. Need reputaion points for chats.. Please be kind in your review for my first posts.