Hdfc bank is currently in bullish trend means buy on dip like strategy possible. Its last important date is 12th december and after cutting its low 1621 it made low of 1585.
Its next important date basing on astrology and mathematics is 28th ie yesterday. High and low are very important levels and are 1633, 1623.
Any daily closing above high will be bullish and below low will be bearish and trend can continue till next few days and till next date.
Intraday traders can trade on same level basing on 10-15 min candle closing above high and below low. and stoploss will be high and low vice-versa after breakout.
1573 is strong support downside as shown in above pic. Any daily closing below for 2-3 days trend can be bearish and sell on rise.
Disclaimer - Only for education purpose, contact your advisor. Any Query - Contact Prakash - 8050797018, telegram - Stock market trading training
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