HDFC Bank is currently in the last (5th) wave of an uptrend. This wave is moving inside a narrow, rising wedge pattern called an ending diagonal.
The price can move higher towards ₹2,050–₹2,100 before the trend finishes.
If the price breaks below the bottom of the wedge pattern (ending diagonal), it could confirm a trend reversal, likely leading to a correction.
After the peak, the chart suggests a three-step drop (A, B, and C waves), with possible support around ₹1,910 and then ₹1,850.
The RSI (Relative Strength Index) is around 53, meaning the trend isn't overbought or oversold yet.
In short: The uptrend is close to ending. Watch for a break below the wedge—this could start a move down toward ₹1,910 first, then maybe ₹1,850.
The price can move higher towards ₹2,050–₹2,100 before the trend finishes.
If the price breaks below the bottom of the wedge pattern (ending diagonal), it could confirm a trend reversal, likely leading to a correction.
After the peak, the chart suggests a three-step drop (A, B, and C waves), with possible support around ₹1,910 and then ₹1,850.
The RSI (Relative Strength Index) is around 53, meaning the trend isn't overbought or oversold yet.
In short: The uptrend is close to ending. Watch for a break below the wedge—this could start a move down toward ₹1,910 first, then maybe ₹1,850.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.