HDFC at supporting Trendline, possible ATH breakoutHDFC bouncing off from supporting trendline. Possible targets 1740 and 1900.
HDFCBANK
HDFCBANK--Consolidation??Observations::
This is also continuation update of HDFCBANK Analysis::
In my last update about drop base drop formation.
the demand zone is restrict the price to go down, witness a consolidation stage is observed in HDFCBANK,
we have to see if price drop continue to 1590 range, then we expect a rise from this zone,
if acts as support we will see again the previous drop (gap down) may be filled on upside.
Consolidation + fall = rise from demand
consolidation + rise= fall from Supply
keep track this.
The One reason for BANKNIFTY is in Consolidation is their more contributors SBIN and HDFCBANK are in consolidation.
If this information is helpful give me like. Thanks.
#HDFCLIFE... looking good 23.05.23#HDFCLIFE.. ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
HDFC- Long Since hdfc closed above the previous high
And also retested above the previous high
Possibility for filling the gap is very high
And OI data indicates strong resistance at only 2800
Till 2800, there will be a strong rally.
Fib 0.6 coincides with the IO data
Closed above Fib 0.3 and retested
HDFCBANK--Drop-Base-Drop form??Observations:
if demand acts as Supply, fall is going to happen from here.
previous strong bullish from 1680 level, if acts as price turned to be bearish in HDFCBANK.
------->>After trending upwards, a strong breakout is given above 1700 level, with consolidation ,which is previous resistance got broken strongly.
------->>Now with opening a huge gap down, showing bearish pressure pushes the price towards downside, if this is a sign of reversal in HDFCBANK,
It's an opportunity to enter short again from these levels.
-------->>Keep on sell side as long as price is near 1680 levels. previous strong upside movement is happens here, which may acts as bearish turn in HDFCBANK. Keep look at this level it may turn bearish again.
if price again breaks 1650 levels be on sell side to 1630,1610 levels.
HDFC - Inverted Flag BreakoutHDFC - Inverted Flag Breakout
It can break on either sides.
Both the sides, there will be a sharp rally
HDFC - Ascending TriangeHDFC - Ascending Triange
Ready to breakdown or Breakout, we need to wait and watch for the sides, hdfc is taking.
HDFCBANK--Bull Trap or Bear Trap??Observations:
------->>After trending upwards, a strong breakout is given above 1700 level, which is previous resistance got broken strongly.
------->>Now with opening a huge gap down, showing bearish pressure pushes the price towards downside, this is not a sign of reversal in HDFCBANK.
It's an opportunity to enter long again from these levels.
-------->>Keep on buy side as long as price is above 1600 levels.
HDFC Bank NSE:HDFCBANK
H&S pattern
Gives us a target of ₹1940
Entry at bottom of right shoulder
Entry point i.e. Green box: ₹16000
Gains: 20%
Entry at the break out of H&S pattern
Entry point: ₹1760
Gains: 10%
Duration: 3-4 months
*Not a financial advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.
HDFCBANKNSE:HDFCBANK
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
HDFC BankHDFC Made a Double following while following the upper trend. Which is likely to fall from there and might get a rebound.
HDFC Short positionOn the chart we can see a rising wedge.
We are looking for the price reach the upsloping resistance to enter short.
Then we expect the price will go down to retest the support line.
Invalidation of this thesis would be if the price breaks above the upsloping resistance line.
HDFCBANK-Double TOP Forms @ATH ??HDFCBANK is at its All time High. again Reversed from ATH.
bullishness is continue or Reversal May Happen.
A strong selling pressure is observed at 1700 level ,look at the reaction at 1680 levels to go upside or downside.
if acts as Support price is moving upwards otherwise downwards. keep an eye at these levels.
HDFC BANK HDFC bank looking good & Looks like a perfect cup with handle pattern so ready to bullish rally
#HDFCBANK#HDFCBANK, That 1700-1730 level acting as an Important Resistance. HDFC Bank also tried to cross 1650 level multiples in past 6 month and failed in all the attempt.
This long consolidation in HDFC Bank looking like it can Breakdown to below level i.e 1480 level which is POC of last 2 year where it may find some Demand. Break below 1540 in coming week can print 1480 level.
June - July - Aug - HDFCBANK BacktestThis post is for personal use to track my Trading style and notes. Please do your own analysis before taking entry.
HDFC BANK AT CRUCIAL LEVEL !!!#HDFCBANK ( W TF)
👉 The stock is taking Resistance from weekly supply zone And also Consolidating near the Resistance zone & The support is at 1575.✅
👉Weekly Close below the 1575 will lead the fall to the 1500/1450/1380( i.e Next Demand Zone) in next coming trading sessions.
👉Add to your radar✅
HDFCBANK Keep on adding current level in equity segment.
Weekly Bollinger support and resistance mark on chart.
1540 important support.
#HDFC BANK looking good for 13 march #HDFCBANK...
Intraday as well as swing trade
All levels given in charts
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this
We take trade only when it activates...
HDFC Bank back in trading channel
HDFC Bank has fallen back in its trading channel range. If it doesn't go up tomorrow, i feel it will test lower bound of channel soon.
HDFCBANK UPCOMING SUPPORT & RESISTANCE As per my analysis, here are support & resistance level of NSE:HDFCBANK for upcoming days.
Note: This is my personal analysis, only for learning. Thanks
