HDFC BANK Long Term View

STOCK MARKETS 1 Minute

HDFC:BANK. Is at a very Tricky point in a major Price Channel. There is a clear price rejection in the zone of 1560-1580 on higher levels. It certainly would be in deep trouble if it does not cross this zone. For us it looks very tough that’ it’s going above 1580 in near-term. Based on our pattern studies we strongly have a bearish view. It should first test 1401 on lower side followed by 1285 in medium term. The broader pattern of (TRIANGLE) is trending lower here. If something extra-ordinary comes out. Then it’s a different case
In normal conditions we see no reason why Targets shouldn’t achieve. Would take time but targets should be achieved.

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Published by SAAHIL BELIM

MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt!

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