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Inclined Channel in HDFC

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Notes:

  • NSE:HDFChas been in an inclined channel since the first week of May
  • It is now at a critical resistance 2583-2640 (Almost a 2% zone)
  • Last time the level was tested, it resulted in a strong rejection candle (March 31st and 29th April)
  • The latest candle (almost a marubozo ) shows more confidence for a bullish break.



Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Nota
Looking like the channel is broken. Retesting the channel wall right now.
Dagangan ditutup secara manual
Need to wait for the next opportunity.
Nota
Seems to be a descending channel now. Will check out the chart in detail and add a new idea for the same
chartChart PatternsHDFCinclinedchannelParallel ChannelTrend Analysis

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