HDFCBANK trade ideas
Hdfc Bank Bull Night Level 02.01.23Hdfc Bank Support And Ressistance Its My View
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
NSE:HDFCBANK
Hdfc Bank Bull Gann Level 02.01.23Hdfc Bank Support And Ressistance Its My View
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
NSE:HDFCBANK
HDFCBANK NSE:HDFCBANK
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
HDFC BANK, GREAT FLAG PATTERN!!a great formation has been formed by hdfc stocks.
its a great bullish pattern, and as i have mentioned the waves, and the trend of waves, a long back in one of my idea(linked it below), the stock is following in the same way. it yet needs to go up by 10%, there is 3rd wave pending, and stock will go up soon.
but the risk part is that bank nifty, has been very overbought position, and it yet needs to be falled about 7%, i will bring a detailed analysis, in further coming ideas. but yet, this risked, is hedged, by the fall of SBI & ICICI banking stocks. this 2 very stocks had kept bank nifty at its ATH.
bank nifty will trade between the range of 43000-40000. its just that it needs to come to its major trend, since now it is in an overbought position.
yet this range will be maintained by great weighted bank nifty stocks, like hdfc bank, icici, kotak and sbi.
LAST POINT: have a look a volume bars too, for month, week and day time frames.
so i am bullish on hdfc bank as of now for this month.
(below i have just dropped some idea links related to banking sector for your own analysis).