HDFC stock analysis and direction

The stock price of

has closed below an important resistance level of 1880 After a certain surge on stock price currently the stock price is currently trading at 1878 The Candlestick form daily outside the upper band of the Bollinger Band indicates that a fall may be expected And the price may move towards the 20 moving average Bollinger band consists of a 20-period moving average with upper and lower bands. The upper band acts as an area of resistance, and the lower band acts as an area of support bottoms and tops made outside the band, followed by tops and bottoms made inside the band, suggests a reversal of the band But if the stock price gives its closing above the level of 1800, the price may rise The investor should wait for the closing