HDFC BANK 15.6.23 - 5 pm
Disclaimer - I am not a trained or registered analyst. I do this only for my learning.
I am not responsible for anyone's losses or profits .
Analysis - On daily TF
1. Has closed below rising trendline, so looks like a breakdown.
2. Has closed below 200 EMA
3. Seems to break lower trendline also.
4. RSI also is heading towards oversold zone.
Lot of confluences towards downside.
Possible to reach lower swing at 1556 levels and if breaks further then 1530 levels are possible.