HDFC @ End of Down trend ??Observations::
------->> It is in a down trend, price is going down after a consolidation stage.
------->> Look for buy we have a strong up move detected in the zone 2635.
keep watch this level for be on the buy side, wait for confirmation before going to buy.
Consolidation + down side = Up move may possible.
keep track this level.
Hdfcshort
HDFC Short viewHDFC is moving in this range from 1.5 months.
After breaking out it was unable to sustain above that zone. If it closes below the support zone of 2600 level, the chances of it going almost 100-200 points is possible.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
HDFC Trade Setup Idea for 22 August, 2022HDFC is right at a support level, if the level breaks, then the next level of support is at: 2314
We can take a trade when the stock goes below: 2378.
SL at 2397
HDFC bank made double top with negarive RSI divergance1. made evening star hourly candle
2. made double top at breakout /retracement level
3. made triangle pattern now at top
4. weekly pivot R1 matching with double top
5. RSI is making negative divergence on daily time frame
H&S in HDFCH&S formation in HDFC
with markets also showing bearish signs,
maybe trading this pattern will be a good idea
stay cautious
trade wisely
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
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
HDFCFINVIEW (TECHNICAL ANALYSIS)Trend line breaking+ candle closing as reversal
And 88.6 retracment can be done
Moment of price expected as bearish
