HDFBANKNSE: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.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
HDFCBANK trade ideas
HDFC--Near to Support??The stock is trending downwards....
In Higher time frames price is in channel....
price is at support + trendline.
If it is a bullish turn price breaks the trendline and retest will look for buy side....
If no break is detected and again falls will be on short side....
most chances of fall again...it has to clear the liquidity @1600 levels...
Keep safe...
HDFCBANK HDFCBANK - The stock has a bearish wave downwards and could continue to further lower levels. A consolidation below the trendline is a possibility. However, the moves are quite strong when in wave 3.
This idea is based on the Elliott Wave theory. Manage your own trade/Investment with proper risk management.
HDFC BANK pattern breakdown?A rising wedge type of pattern can be observed in the weekly chart of HDFC Bank. Price has failed to breakout above the 1750 level 4 times in the past 2 years. Price seems to have broken down on the weekly chart from the pattern.
Supports at 1580, 1530.
Good medium to long term buying opportunity if it reaches around 1410 which is the 200 EMA on the weekly.
Important level for the month of August NSE:HDFCBANK NSE:BANKNIFTY
Disclaimer: All the given analysis is not an Investment / Financial Advice. These levels and analysis is for educational purposes.
We have seen Some bearish movement in the past session, and currently HDFC BANK is Trading near Important level.
I have tried to mark all the important level for the month of August as well as for the year for HDFC BANK .
I will Share this Idea In two timeframes 1st being the 1 HOUR timeframe which will be useful in the Monthly analysis and 2nd I will share this Idea using daily timeframe for Yearly analysis.
Since market movements are based on calculated Probability so we have to be prepared for all the moves whether its bullish or Bearish.
My view for this year is on the Bullish side but in order to be bullish it need to respect the support level .
I will try to keep these levels updated here and in MINDS section. So stay subscribed to get the notification of the updates quickly.
Important Levels for the Year 2023 NSE:HDFCBANK NSE:BANKNIFTY
Disclaimer: All the given analysis is not an Investment / Financial Advice. These levels and analysis is for educational purposes.
We have seen Some bearish movement in the past session, and currently HDFC BANK is Trading near Important level.
I have tried to mark all the important level for the month of August as well as for the year for HDFC BANK .
I will Share this Idea In two timeframes 1st being the 1 HOUR timeframe which will be useful in the Monthly analysis and 2nd I will share this Idea using daily timeframe for Yearly analysis.
Since market movements are based on calculated Probability so we have to be prepared for all the moves whether its bullish or Bearish.
My view for this year is on the Bullish side but in order to be bullish it need to respect the support level .
I will try to keep these levels updated here and in MINDS section. So stay subscribed to get the notification of the updates quickly.
Long Term IN HDFC BankAfter analyzing fundamental data and watching FII and DII movement in HDFC is Continually increasing. And according to history whenever it break monthly range it will easily give targe of minimum 30% and maximum we don't know but for a roughly idea its about 80-100%.
After breakout of monthly range we can easily expect minimum target and it is good for long term.
This is my opinion on HDFC Bank.
Do Investment after your analysis according to your risk.
HDFCBANK--Trading in a channel??the stock is trendnig upwards...
previously a strongfall is observed from the zone 1740.
price again broken this zone and failed to close above that zone...
and again a strong fall is observed...
now price is trading near to its previous resistances...
keep an eye on these levels...