HDFC BANK next move as per PriceAction

23 de out. de 2024

On Monday Earnings & Revenue report came out and it opens gap up above it's strong resistance level which is now good and strong support and now from last 3 sessions its trying to breach its other resistance zone of 1743.10 to 1748.15 in the last session it striked again to this zone but unable to break it and closes at 1736.20 s for the the upcoming sessions we've to watch the behaviour of price at resistance zone if it succesfully breach this zone then we've to go long till next zone of 1780-1788 and should place our SL below the zone of 1748.15-1743.10, wait for the price stablization and look for continuation candlestick pattern or after breaking of zone it's better to enter on pullback.

24 de out. de 2024

Nota

In Thursday session price made a high of 1768.65 and fallen to support level and here we can get a good move for upside or our target level of next resistance zone due to good support zone currently price is in.