Get started
HDFC BANK LTDRNHDFC BANK LTDRNHDFC BANK LTDRN

HDFC BANK LTDRN

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Seasonals Bonds

H1DB34 trade ideas

HDFC Bank Trade PlanHDFC Bank (My Observation as on 19-09-2021) 1. On weekly Chart HDFC Bank seems to be following depicted harmonic pattern that has TGTs as 1720 (Min) and 1820. 2. 1516 being B/O level of this pattern and encountered with rising channel upper band resistance during I week of September. 3. Revered from top of the channel and again heading the same upward direction. 4. Break and stay above 1600 for a week will trigger 1640 as short term TGT. 5. Weekly ATR is Rs. 60 means if sustans above 1600, we might see 1640 - 1660 during September only.
NSE:HDFCBANKLong
by CKParkhi
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.
NSE:HDFCBANK
by Somanathrout