HDFC from 4 June 2020A bull rally done .. now a little consolidation happening ... retesting the red zone for safe buyers buy only above 1780
HDFC
NSE-HDFC - EXPECTING 1650 IN COMING DAYS & DOUBLE BOTTOM NSE:HDFC STRONG BEARISH DOGI AND STRONG PRICE REVERSAL IS ALREADY FORMED WITH GOOD VOLUME. EXPECTING TO REACH 1650 IN COMING DAYS
HDFC- SHARK IN PLACEHDFC- SHARK IN PLACE
First supply zone - 1880-1860
Second supply zone - 1980-2000
HDFC Bearish On 1H ChartNSE:HDFC
HDFC looking bearish on 1H chart.
In last trading session (28/05/2020) HDFC manage to make a high of 1643.8 which is a resistance level for HDFC you can clearly see the same on a 1H chart too.
After testing a resistance level prices are continuosly rejecting from higher levels which is also visible on last 5 candles of 1H chart.
HDFC already tested first Fib Retracement level of 1606 in trading session of 28/05/2020 and if in coming trading session any 1H candle manage to close below the same it will be good confirmation to go short in HDFC.
If any 1H candle of HDFC manage to close below 1606 then it will go for 1546 and 1519 which are the Fib Retracement levels of 0.618 and 0.786 respectively.
I will prefer to keep my stop loss at 1661 in HDFC
HDFC Bearish On 1H ChartNSE:HDFC
HDFC looking bearish on 1H chart.
In last trading session (28/05/2020) HDFC manage to make a high of 1643.8 which is a resistance level for HDFC you can clearly see the same on a 1H chart too.
After testing a resistance level prices are continuosly rejecting from higher levels which is also visible on last 5 candles of 1H chart.
HDFC already tested first Fib Retracement level of 1606 in trading session of 28/05/2020 and if in coming trading session any 1H candle manage to close below the same it will be good confirmation to go short in HDFC.
If any 1H candle of HDFC manage to close below 1606 then it will go for 1546 and 1519 which are the Fib Retracement levels of 0.618 and 0.786 respectively.
I will prefer to keep my stop loss at 1661 in HDFC
HDFC Bearish On 1H ChartNSE:HDFC
HDFC looking bearish on 1H chart.
In last trading session (28/05/2020) HDFC manage to make a high of 1643.8 which is a resistance level for HDFC you can clearly see the same on a 1H chart too.
After testing a resistance level prices are continuosly rejecting from higher levels which is also visible on last 5 candles of 1H chart.
HDFC already tested first Fib Retracement level of 1606 in trading session of 28/05/2020 and if in coming trading session any 1H candle manage to close below the same it will be good confirmation to go short in HDFC.
If any 1H candle of HDFC manage to close below 1606 then it will go for 1546 and 1519 which are the Fib Retracement levels of 0.618 and 0.786 respectively.
I will prefer to keep my stop loss at 1661 in HDFC
HDFC Bearish On 1H ChartNSE:HDFC
HDFC looking bearish on 1H chart.
In last trading session (28/05/2020) HDFC manage to make a high of 1643.8 which is a resistance level for HDFC you can clearly see the same on a 1H chart too.
After testing a resistance level prices are continuosly rejecting from higher levels which is also visible on last 5 candles of 1H chart.
HDFC already tested first Fib Retracement level of 1606 in trading session of 28/05/2020 and if in coming trading session any 1H candle manage to close below the same it will be good confirmation to go short in HDFC.
If any 1H candle of HDFC manage to close below 1606 then it will go for 1546 and 1519 which are the Fib Retracement levels of 0.618 and 0.786 respectively.
I will prefer to keep my stop loss at 1661 in HDFC
HDFC Bearish On 1H ChartNSE:HDFC
HDFC looking bearish on 1H chart.
In last trading session (28/05/2020) HDFC manage to make a high of 1643.8 which is a resistance level for HDFC you can clearly see the same on a 1H chart too.
After testing a resistance level prices are continuosly rejecting from higher levels which is also visible on last 5 candles of 1H chart.
HDFC already tested first Fib Retracement level of 1606 in trading session of 28/05/2020 and if in coming trading session any 1H candle manage to close below the same it will be good confirmation to go short in HDFC.
If any 1H candle of HDFC manage to close below 1606 then it will go for 1546 and 1519 which are the Fib Retracement levels of 0.618 and 0.786 respectively.
I will prefer to keep my stop loss at 1661 in HDFC
HDFC Bearish On 1H ChartNSE:HDFC
HDFC looking bearish on 1H chart.
In last trading session (28/05/2020) HDFC manage to make a high of 1643.8 which is a resistance level for HDFC you can clearly see the same on a 1H chart too.
After testing a resistance level prices are continuosly rejecting from higher levels which is also visible on last 5 candles of 1H chart.
HDFC already tested first Fib Retracement level of 1606 in trading session of 28/05/2020 and if in coming trading session any 1H candle manage to close below the same it will be good confirmation to go short in HDFC.
If any 1H candle of HDFC manage to close below 1606 then it will go for 1546 and 1519 which are the Fib Retracement levels of 0.618 and 0.786 respectively.
I will prefer to keep my stop loss at 1661 in HDFC
HDFC ENTERED SUPPLY ZONEHDFC ENTERED SUPPLY ZONE
Fresh Position only above 1650
Or On Pull back towards 1550
HDFC - EXPIRY SPECIAL - BUY FOR AN AMAZING RRHDFC - BUY @ CMP WITH A SL OF 1405 AND A TARGET OF 1930. TARGET SHOULD BE ACHIEVED BY THIS EXPIRY
HDFC Sell Setup By Elliote wave + Price Action Breakout + EMABefore we understand HDFC in Multiple time frame, its takes hours to analysis a single chart so please like it.
Those who are doing day trading they can sell Hdfc by doing average easy target to reach 1300 level with upcoming days.
When you look toward HDFC in a weekly time frame
Elliote Wave:
=>> As you can see in above chart Impulsive wave (1, 2, 3, 4, 5) done by HDFC bank With fib level 0.382 Which is at wave 4
According to wave principle Now it's riding on Corrective Wave(A, B, C) B which is looking downtrend trend target 1050 Weekly Obviously its takes Time at this level Just for the view.
EMA: As you can see I put EMA indicator of 50, 100, 200 Which gives good support to HDFC and Now its Break With retest done by 200 EMA Which is a good sign for Showing Selling Setup.
Price Action breakout:
=>> In above chart As you can see it breaks a lower-Value after touches previous control price and shifted back to new control price its good sign of changing reversal pattern after a good uptrend.
Inside Bar: Weekly inside bar close below the previous one which is Showing selling pressure.
Thanks
Nifty50 very uncertainI think Nifty50 had bottomed and we might soon see reversal.
Fib Ret level 0.382 @ 7803.47 already tested if broken we might find support at 0.5 @ 6367.41 and I thank that's the lowest point NIFTY50 can go I don't see it breaking that level, so I think we are near the bottom and might soon see pullback to resistance level 0.236 @ 9580.28 good luck
HDFC | AnalysisFirst in all, it hit major support region and bounced right off it.
- This is a sideways market where Bollinger bands are very useful for trading. The price action just hit the lower band. Which is a buy !
- RSI Showing bullish divergence on the 1H and above.
These are my buy signals. Might have a good day on Monday!
HDFC BANK LONG TERM OPPERTUNITYHDFC BANK LONG TERM BUYING OPPERTUNITY 550-650 IN COMMING DAYS
UPDATE :- FALLING WEDGE BREAKOUT , NOW ITS TESTING SUPPORT .
THANKS
HDFC LIFE - is the move over How far stock can still go with the following resistance at place
FiB resistance
Trendline Resistance
RSI resistance
Possible to see new lowsNSE:HDFC is looking bearish and we may see fresh lows as it looks like wave 5 is in progress.
Can Short HDFC from sell zone with tight Stoploss HDFC ABCD Formation UnderConstruction can fall more as it breaks previous support target 1
Do your own analysis before trading thank u
HDFC - Short TermGood to buy at 1634 or EMA - 200 resistance - at 30 min time frame. tg - 1800 - by May first week.
HDFC ::: LONGINSTRUMENT: HDFC
TIME FRAME: DAY
OTHER TIME FRAMES FOR CONFIRMATION:
DAY & WEEK
INDICATORS AND THEIR TRENDS:
PSAR: BULLISH
STOCHASTICS: BULLISH
SUGGESTED TREND: BULLISH
CMP: 1836.75
BUY ABOVE: 1820.35
SL: 1812.75
TARGET 01: 1855
TARGET 02: 1867.81
My analysis is that HDFC has just broken a sideways trend in which it was in for past 25 trading sessions It may come down a little on opening and go up.
RISK DISCLOSURE
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
HDFC TRADING PLANSEEMS WILL BE A RESISTANCE FOR AROUND 0.7% FROM CURRENT LEVEL SO HOPE MORE BUYER WILL COME AFTER YELLOW LINE.
