HDFC BANK LTD

HDFC BANK - Consolidation phase, is it calm before the storm?

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Overview & Observation:

1. Solid consolidation happening since 2020.
2. Better to just watch it for now
3. Prices have started moving slowly from the demand zone.
4. PA structure is currently bullish forming HH-HL.
5. Overall strength and momentum are lacking.

D TF:

syot kilat


- Stay tuned for further insights, updates and trade safely!

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Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.

Thanks & Regards,
Anubrata Ray

Penafian

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