3M candle is looking to move in red, next moth opening price will be decisive , price is forming a triangle pattern in 3M tf also there is a 3M inside bar, so, it is interesting to see, whether price will respect the 3M inside bar level or not, white line showing the monthly levels, this month also the end month of 3M candle, so, respective levels also marked with the blue
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yellow lines showing the intersection of 3M trend lines and timeline
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3M in monthly tf
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price still has the possible support of monthly 5MA, 10MA and mid bollinger
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imp. line, we could see the triple bottom , so caution needed
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so a triple bottom like scenario as discussed above
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a possibility otherwise upside
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mkt. decided to complete the triple bottom movement
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closing
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HDFC Bank
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gap down
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perfect closing above green line
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almost at the level
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4H
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closing
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bank nifty
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bank nifty
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