Historically HDFCBANK stock has been taking support from 200 DMA region. Currently the stock seems to be again taking support at the 200 DMA. Also there is a minor prior support zone. The confluence makes the probability of support at current level and bounce from here high
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How was the trap set in USA Small-Cap index
Russell 2000
It is better if you spend considerable time learning these concepts. https://t.co/caBHOO4Owa
Russell 2000
It is better if you spend considerable time learning these concepts. https://t.co/caBHOO4Owa
TRAPS? In a false breakout, the price breaks out of the range & comes back within the range. A trap is one step ahead, price not only comes back within the range but breaks down in the opposite direction. It traps the initial longs who didn't close their positions
— The_Chartist \U0001f4c8 (@charts_zone) January 22, 2022
Russell 2000 pic.twitter.com/txzjdnStzc