8 Jan Forecast for HSFC Bank Intraday HSFC Bank Support and Resistance Levels for 8th January, 2021
Dashed lines and boxes represent turning points.
HDFC
7th January HDFC Bank Intraday LevelsBoxes and dashed lines are strong intraday support and resistance levels
LONG HDFC Bank - Short term view ( 3-5 days) HDFC bank has broken out on RSI and looks strong for an upside to 1500+ levels.
A perfect entry as of now should be around 1390-1400 levels.
The view gets negated if the price closes below 1381.
The risk to reward ratio = 1:10
HDFC Outlook--------DEC13 2020HDFC - i have provided the possible levels in the market. the stock having its Supply zone to the upper side.the market could possiby go towards the upside.
HDFC - Selling pressureHDFC is started forming lower hihgs. I can see 2 trend lines.
And it can fall by touhing any of those. If it opens gap down on 4th December, look for red trend line to short, if gap up, short on second trend line.
HDFC LIFE - inverted head and shoulderAn inverted head and shoulder pattern formed over a span of one year. Stock fell to 320 levels and back to 600 odd levels. a perfect break out and entry point for a substantial upside of 300 points. consider buying for 950-1000 levels. Ideal risk reward ratio. Exit if 600 is broken and closes below it.
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HDFC BANK US ELECTION TRADE PLANHELLO EVERYONE!
MY VIEW ON HDFCBANK ONAHEAD OF US ELECTION
BELOW 1160 CLEAN TREND REVERSAL
TARGET WILL BE 1110
IF THAT ASCENDING TRENDLINE BREAKS ON 4TH TOUCH MEANS,THERE WILL BE MORE POSSIBLE TO REACH 1020 ALSO
PLAN YOUR TRADES ACCORDINGLY
THANK YOU!
HDFC LOOKING GREAT FOR BUYRSI Took Support at Resistance
ADX start rising
Broken major resistance and tested twice
making higher high and higher low
HDFC WeakeningLooks like the upmove is becoming tired. May consolidate here or drop depending on Market Sentiments.
No Signals yet for trade direction.
if HDFC Closes above 1950, Good Long OpportunityHDFC made Double Bottom (as seen in chart), after that it tried breaking out but was not successful, until now, if it closes above 1950 Long can be initiated with SL of 1948. Increased volume can be seen. Target 1 is the long term trend line(visible on chart) which can act as resistance.
Banknifty Trading in the Zone October 1st weekBank nifty is trading with comforts to distribute sums . Now the much depends upon it to continue the trend or give whipsaws, as for the technicals market has kept bearish view even though a more U shaped recovery to say. However what we notice is that if the U shaped recovery was itself weak then BN would have weaker retracement .232 possibly. Thus a very reasonable target on upper side and more bias towards downward spiral. However we feel a sideways movement would be warranted for the coming week as a cooling off week.
HDFCBANK - FORMED BULLISH HARMONIC PATTERN#HDFCBank - formed Alt Bat pattern on the hourly chart.
The Reason I am interested in this pattern is the price action near its PRZ i.e 1052-1046.
*Price Action - Notice Big bear candle with long lower shadow had huge volume, the big candles like this when do not see followup move often act as exhaustion candles, and in most cases prices either retrace some part of its previous move or may get reversed.
HDFCAMC Technical StrategyHDFCAMC Just broke the previous Support zones.
We can get an entry soon at lower levels of 2050/2000/1950
Just keep this stock in Radar a perfect reversal may lead this stock to new hieghts
HDFC Ltd on support.HDFC Ltd taking support near 1730 with a potential to go till 1920. Has been consolidating since last few days near 1750-1760. Stoch RSI fully oversold and crossing over.
INTRADAY ANALYSIS - HDFCHi Traders,
This stock is preparing for a breakout from the triangle Pattern. We can enter in a position at breakout or at a pullback. The Stock can find immediate support at 1800 level if we get breakout to the downside. There is a resistance at 1850 level, if we get a breakout to the upside.
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Happy Trading.....
