HDFCBANK
HDFC BANK PRICE ACTION TRADE SETUP !Hello! Friends,
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We are riding on 3rd Extention wave which is retraced by 0.0382 fib level And Now its making head and shoulder pattern, break neckline @1040 Level Stocks might move toward 1100-1200-1300 Level
Bearish Below CONTROL PRICE
Thanks
HDFC BANK ::: LONGMy analysis
INSTRUMENT: HDFC BANK
TIME FRAME: DAY
Other time frames for confirmation:
1hr, 3hr, 4hr & day time frames.
INDICATORS AND THEIR TRENDS:
PSAR: Bullish
STOCHASTICS: Bullish SUGGESTED TREND: Bullish
Technical levels for End of day:
CMP: 990.40
Buy above: 978.50
SL: 950
TARGET 01: 982
TARGET 02: 986 , 996, 1001
HDFC BANK is it is expected to be bullish on a short term basis. We are expecting that if it stays above 1042 then we may even see 1051, 1076, 1085 levels also.
Banknifty 12th juneHi traders
11th june trade: Hi, I updated on my trading channel in the morning to short the bank nifty with the target of 20650-20350 as updated on the tradingview yesterday.
12th june expectation: It will be a bearish move now first a gap down we can short it in the morning directly support 19700/19500/19000. Resistance is at 20100/20650/21000.
My suggestion wait for a bounce a don't long there sell that bounce.
To get live updates during market hours you can message me.
HDFC critical level to watchHDFCBANK is near to it's critical support level range 820 to 810. It's has broken it's uptrend channel and now in consolidation.
Overall trend is bearish.
Coming Tuesday Levels to watch
if -GAP UP OPENING ABOVE 849.5 then can see 15 to 25 point moment upward,
if -GAP DOWN OPEN BELOW 826.14 then can see 12 to 17 point moment downward