Falling Wedge Breakout with Bullish Structure | 15-Min Chart

🏦 HDFC BANK LTD – Falling Wedge Breakout with Bullish Structure | 15-Min Chart
📅 Date: April 25, 2025
📈 Timeframe: 15-Minute
🔍 Stock: HDFC Bank Ltd (NSE)

📌 Technical Overview:
HDFC Bank is showing signs of a potential bullish reversal on the 15-minute chart, forming a falling wedge pattern, which is typically known for reversal setups. Price action suggests a breakout from the wedge structure, with strong volume support.

🧩 Chart Pattern:
A clear Falling Wedge is identified using two converging trendlines (red).

Within the wedge, price completed a potential AB=CD harmonic structure, bottoming out near ₹1,891.

The breakout candle has closed above the upper trendline, signaling early strength.

🔍 Key Price Levels:
Support Zone: ₹1,891.80 (marked in red)

Immediate Resistance: ₹1,933.00 (green horizontal line)

CMP: ₹1,917.70

A sustained move above ₹1,933 may open room for further upside, potentially towards the ₹1,960–₹1,980 range as per the chart projection.

📊 Volume Analysis:
Noticeable pickup in green volume bars on the breakout candle.

This confirms growing interest and participation from the bulls.

🧠 Observational Bias:
As long as the price holds above ₹1,891 and sustains the breakout, the short-term trend appears to be tilting in favor of buyers. A retracement or retest of the wedge breakout zone may offer additional confirmation.