HDFC - Current Trend

OBSERVATIONS :-

1) Currently , We see the stock to be in Sideways Trend trading in the range between 1700 and 1570
2) Currently stock is at the Price Engagement area in this range at 1627
3) Both primary and secondary trend in higher timeframes is UPTREND for this stock.
4) But right now we have to Wait & Watch whether this stock breaks either support or Resistance.
5) Mostly its moving towards Downside towards the Support.
6) Wait and watch . No BUY or SELL for now.
7) More price Engagement around 1625 in this zone at Daily timeframe