TradingView
selvamani07
Sep 3, 2021 3:43 PM

HDFC - TREND ANALYSIS 

Description

Price formed a lower high in Hourly Timeframe.
- Price approaching imbalance level, to cover pending sell orders (Also a Fibo Golden level))
- Once bearish imbalance level is taken, Price may breach equal lows to grab liquidity for Buying side
- Price may reverse from bullish order block after liquidity is taken

Overall stock trend in monthly Timeframe indicates a bearish correction in Elliot wave

STOCK TREND : NEUTRAL TO BEARISH
Comments
selvamani07
Price reversed from Imbalance zone. Watch the order block zone for long entries
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