#HDFCBANK 1441
A possible H & S pattern in weekly chart.
Dropped below 30 week MA as well which is not a good sign. (Week is not yet over).
1350-1375 is the key zone which is the possible neckline if this pattern matearalises. Need to review at that time for further view.

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#Freetip
Today's move is an example of this tweet. Save this chart for future ref. https://t.co/amUhSLrET3
Today's move is an example of this tweet. Save this chart for future ref. https://t.co/amUhSLrET3

#FreeTip
— HMK alias MANOJ (@scorpiomanojFRM) June 23, 2021
A general rule to assess if a market is ranging is to look at developing TC and / or developing BC. If either of them is flat, it means market is currently ranging. If you are trading in 5 min, go to a lower tf chart, say, 2 min to have a less lagging assessment.
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