HDB trade ideas
hdfcbank trade set upwe can see both the upper and lower trendline has multiple support and resistance. And this week closing is above upper resistance trendline. And the tricky part is it has taken resistance exactly at AB= CD point which is indicating a consolidation might take place further. In that scenario monday opening must be below 1472 and price must remain below the trendline for at least the first hour which will confirm a trend reversal from AB = CD point which is 1595 and thus 1600 becoming the stoploss in short position.
On the contrary, if opening is above previous day close and price remains above 1576 for at least half an hour then long position to be taken keeping a stoploss at 1569 and the target should be 1595, and 1623.
Broken ChannelStock Analysis: HDFC bank has broken the channel it is good buy around the marked demand zone for the target given on the chart.
lets see...
HDFC long till 1600…1 hour time frame indicate buy at dips … took resistance at key area .( trend line , support , 50 EMA, and rejection candle at area of confluence)
HDFC BANK as on 02.09.2021SYMMETRICAL TRIANGLE PATTERN FORMED!!
Breakout Done!!
Kind of retesting done!!
AND ON THE WAY TO FIRST TARGET!!
TARGET=1641/1645
AND IF MOVED UP THEN WILL HIT MAIN TARGET!!
MAIN TARGET=1803
Stop loss=1468/1458
(The above analysis is only for study purpose do not take it as any buy or sell call!!)
Breakout of triangleHDFC BO'd out of triangle some days ago..HDFC is a heavy weight, moves SLOWLY, and has more potential for upside. it is not only the leader in private banking sector, but it is numero uno in middle market banking, leader in payments business ( it has issued 3.21 crore debit cards and 1.4 crore credit cards), leader in auto loans segment etc ...enough said..targets marked. Think long term. This is an idea, not a recommendation.
Just a pointer - RISK REWARD ratio is paramount when putting your hard earned money. if risk is high and reward potential low just move on to another stock. 1:2 or 1:3 is a reasonably decent risk reward ratio...if it is 1:4 or 5 that is even better.
Fascinating trinity of trend-lines meets on June 6th, 2022. While trying my hand at drawing the trendlines for the weekly charts of HDFC Bank, a unique pattern popped out. 3 trend-lines meet each other on June 6th, 2022.
HDFCBANK - Elliott wave analysis - corrective move It seems like WXY finished and it started correcting down, which is not confirmed yet. So until it stays below 1571.35, it is considered to bearish and can go down up to 1500. But if it go above 1572, then the C of Y wave can extend higher.
HDFC BAnk LongHead and shoulders patterns breakout & pullback and consolidating around 1540 and 1568 levels which was supports and resistance at previous months trading sessions. Hoping for long
hdfc swing tradetime to short banknifty till market price range. 200ma will conform our shorting trade. it previouslu took good support here too, but overall momentum is bearish.
HDFC BANK 15MINNSE:HDFCBANK
yesterday HDFC BANK formed the symmetrical triangle in 15 min chart .
Ready for breakout buy above 1518 nd sell below 1510
HDFCBANK Next Levels #HDFCBANK NSE:HDFCBA Most demand zone at 1505- range.
DISCLAIMER : I am Not a SEBI Registered. I post charts for my own study.
Thank you.
Trade active:
HDFCBANK Next Levels #HDFCBANKHDFCBANK Next Levels #HDFCBANK
DISCLAIMER : I am Not a SEBI Registered. I post charts for my own study.
Thank you.
HDFC Bank ADRHDFC BANK ADR showing big Gap up.
Does this mean we are going to see big Gap Up in Banknifty on Monday?
Hdfc morning star confirmationHdfc morning star patter confirmation and indicator cross over confirmation with 2 target
HDFC Breakout pointAs you can see, HDFC is struggling at 1502. If it crosses it, there will be a breakout. And if not, 200 EMA should be the supported lines. Invest time frame - 3 to 4 months for a 20% gain.
Hdfcbank Hdfcbank looking good to go long, stock's wave structure suggests that the stock is in wave 5, and within wave 5, wave (2) appears to be completed, and now Wave (3) of 5 should play out, the daily macd indicator turned bullish and done positive crossover and rsi above 50 with uptick, one can go long at these levels or in dips with mentioned key levels in chart.
Wave Structure and key levels are mentioned in chart
Macd in daily positive crossover
Rsi Uptick
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
