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HDFC

HDFC ::: BULLISH :::DATE: 1 AUG 2021 INSTRUMENT: HDFC TREND: BUY TIME FRAME: DAY CMP: 2441.15 BUY ABOVE: 2452 STOP LOSS: 2380 TGT 01: 2550 TGT 02: - TGT 03: - INDICATORS FOR CONFIRMATION OF TREND BOLLINGER BAND: BULLISH PSAR: BELOW CANDLE RSI: BULLISH RISK DISCLOSURE: We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
HLong
by ajithchand-bhandaari
3
HDFCAfter a long consolidation for almost 6 months , the stock has formed an triangular structure and has given a breakout with good intensity of volume in hourly time frame, assuming wave e to be complete around 2400-2440 area , one can buy the stock on cmp and add on dips if any, maintain the stoploss of 2350 and look for the target of 2626, 2793, 2929, and 3050. Wave Structure in daily time frame Key Levels and Trendline Daily MACD Uptick and positive crossover Hourly MACD Rsi above 60 in hourly Positive ungali setup Volume is above average Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
HLong
by RK_Chaarts
HDFC - Good position to add - Swing/InestmentIt is rightly said - While looking for the next HDFC, don't forget the original one. The above analysis is done purely on basis of Price Action & Chart Patterns. The logic behind this is mentioned in the image itself. I am not mentioning any levels for entry or SL or Target. Reason behind that - Its neither too early nor too late to enter a stock like HDFC. Traders may take advantage of this analysis in short term trading or investment as per their own study and capacity. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
HLong
by AdityaKarn90
2