HDFCBANK UPDATE

STOCK MARKETS 1 Minute

HDFCBANK broke below its significant PATTERN support of 1380,
we have discussed this level multiple times since last 3 weeks.
so this going forward actually rules out any meaningful reversal.
unfortunately there is a genuine risk that this STOCK would retest its 2022 LOW.
After 2020 this is for the first time that STOCK have clocked a LOWER LOW on yearly TIME FRAME.
FOR short term 1325 is key support followed by 1271 on cash.

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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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