HDFC Bank gave a gap-down opening and trying to recover
HDFC Bank gave a gap-down opening from its previous close on Friday and went down till 1414 and reversed from its support levels of 1413 based on the Fibonacci study.
The stock is clearly in a bearish phase, with 50 DMA hovering below 200 DMA. Supertrend, Smoothed Heiken Ashi, and Follow Line indicators are red zone, further strengthening the bearish view in the stock.
GANN Square of 9 is giving resistance levels of 1450 and 1510 and support levels of 1390 and 1330.
Combining the Fibonacci levels with GANN Square of 9 stock has significant support levels of 1390-1413.
The stock is clearly in a bearish phase, with 50 DMA hovering below 200 DMA. Supertrend, Smoothed Heiken Ashi, and Follow Line indicators are red zone, further strengthening the bearish view in the stock.
GANN Square of 9 is giving resistance levels of 1450 and 1510 and support levels of 1390 and 1330.
Combining the Fibonacci levels with GANN Square of 9 stock has significant support levels of 1390-1413.
Aviso legal
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