HDFC BANK Analysis - 1Day TF(3 Sept)
1)This pattern is valid till 1725
2)False breakout from parallel channel and took a resistance at 0.5 level of fib
3)From Here HDFC Bank can travel in two path
option 1:
It can reverse from 0.5 level of Fib and can first level of support from this trend 1164
option2:
It will break the parallel channel and reverse from 0.618 level of Fib..
2)False breakout from parallel channel and took a resistance at 0.5 level of fib
3)From Here HDFC Bank can travel in two path
option 1:
It can reverse from 0.5 level of Fib and can first level of support from this trend 1164
option2:
It will break the parallel channel and reverse from 0.618 level of Fib..
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