HDFCBANK technical analysis

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.

Note

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.

Note

Correction: #3 is Alternative Bat and not Butterfly

Note

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

Note

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

PriceActionTrader1

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