HDFCBANK - FORMED BULLISH HARMONIC PATTERN
#HDFCBank - formed Alt Bat pattern on the hourly chart.
The Reason I am interested in this pattern is the price action near its PRZ [ Price Reversal Zone ] i.e 1052-1046.
*Price Action - Notice Big bear candle with long lower shadow had huge volume, the big candles like this when do not see followup move often act as exhaustion candles, and in most cases prices either retrace some part of its previous move or may get reversed.
The Reason I am interested in this pattern is the price action near its PRZ [ Price Reversal Zone ] i.e 1052-1046.
*Price Action - Notice Big bear candle with long lower shadow had huge volume, the big candles like this when do not see followup move often act as exhaustion candles, and in most cases prices either retrace some part of its previous move or may get reversed.
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