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HDFCBANK--Bull Trap or Bear Trap??

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HDFC BANK (NSE:HDFCBANK)  
IIT-Trader  
NSE:HDFCBANK   HDFC BANK
Trend Analysis Supply and Demand Support and Resistance HDFCBANK hdfcbankanalysis hdfcbanklong hdfcbankforecast hdfcbanktrend hdfcbanksetup hdfcbanktrading hdfcbankidea
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trendanalysis supplyanddemand supportandresistance hdfcbank hdfcbankanalysis hdfcbanklong hdfcbankforecast hdfcbanktrend hdfcbanksetup hdfcbanktrading hdfcbankidea
Observations:
------->>After trending upwards, a strong breakout is given above 1700 level, which is previous resistance got broken strongly.
------->>Now with opening a huge gap down, showing bearish pressure pushes the price towards downside, this is not a sign of reversal in HDFCBANK.
It's an opportunity to enter long again from these levels.
-------->>Keep on buy side as long as price is above 1600 levels.
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