HDFC Bank Limited
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HDFCBANK technical analysis

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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.
ノート
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.
ノート
Correction: #3 is Alternative Bat and not Butterfly
ノート
It hit target #3 today and got pulled back. Made a new high today. Still very bullish. Next target #4 1654.
ノート
target #4 has been hit today. Still very bullish.

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