HDFCBANK technical analysis

2021年9月28日

HDFCBANK was in a bullish ttm squeeze until 9/26. It fired the squeeze yesterday. We could see up move continuation. It's currently standing at the major resistance level. If it breaks it, it will create ATH.We could see inverse Head and shoulders pattern which is a bullish sign. It is also forming Harmonic crab pattern with a PRZ level is at 1818. Volume is also good from past 2 days.

2021年10月6日

註釋

HDFCBANK is super bullish. It's forming harmonic PRZ on 1H timeframe as well. Near term targets are as follows:
#1 (Gartley) - 1620 (already hit)
#2 (Bat) - 1627 (already hit)
#3 (Butterfly) - 1644
#4 (Crab) - 1654

It hit #1 and #2 yesterday and is ready to go for #3 and #4.

2021年10月7日

註釋

Correction: #3 is Alternative Bat and not Butterfly

2021年10月11日

註釋

It hit target #3 today and got pulled back. Made a new high today. Still very bullish. Next target #4 1654.

2021年10月14日

註釋

target #4 has been hit today. Still very bullish.