HDB/N trade ideas
HDFC BANK -BEARISH VIEW#Moving in a beak/Pennant pattern.
#Any break down will further lead to a big fall till the next support level.
#Reverse bearish divergences seen in RSI.(more visible and relevantly seen in hourly and 15 min chart)
THIS INDICATES THAT HDFC BANK MAY further continue to fall.
#Crucial support level is 1480 below which, there might be a pennnat pattern break down.
$HDB with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $HDB after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 42.86%.
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HDFC Bank at a trendline support HDFC Bank as seen , is clearly at a trendline support in a daily chart indicating the presence of buyers . Therefore current uptrend is intact .
The above views are for educational purpose. Please consult your financial advisor before investing . You are responsible for your own actions and money.
HDFC BANK 1:5 TRADE SETUPNSE:HDFCBANK has corrected around 15% from its all time high and price is currently at an important support trendline.
Price opened gap down but still made green candle in the last 2 trading sessions - showing demand as price approaches the trendline.
A 1:5 trade can be taken with a very tight stoploss.
It is important to note that script is very weak and oversold and may continue to be so.
Low probability but low risk high reward setup.
Book profits at the top of the channel and trail stoploss.
Position size accordingly. HAPPY TRADING!
HDFC BANK 15MIN INTRDAY SETUPhdfc bank inverted head & shoulder plus confluence on 200ema on a daily timeframe
long trade is preferred if the market is bullish in monday, if bearish, then ignore the trade for intraday and wait for daily candle to close by making a bulish
engulfing candle, then enter in the stock for swing trade, and try to catch all time high.