HDFCBANK ANALYSISFalling-Wedge found in uptrend is said to be a continuation pattern but we will wait for confirmation
Resistance Zone: 1530-1535
Upside Target: 1570-1577
Support Zone: 1495-1500
Downside Target: 1480-1485
HDFCBANK trade ideas
HDFC Bank live chart after results After the results the bank stock fall and become range bound.
Breaking above the triangle will trigger some buying.
HDFC BankFor Educational Purpose ONLY.
A rising wedge is formed by two converging trend lines when the stock’s prices have been rising for a certain period.
Before the line converges the sellers come into the market and as the result, the prices lose their momentum.
This results in the breaking of the prices from the upper or the lower trend lines but usually, the prices break out in the opposite direction from the trend line.
Depending upon the location of the rising wedges it indicates whether the trend will continue or reverse.
HDFC bank in rangesince 7 days its in range
if it breaks anyside go for it
Keep an eye on it
DM me for SL and target
Insta handle @queenofstockmarket
HDFC BANK 15MIN INTRDAY SETUPHDFC BANK 15MIN
Its forming a Ascending Triangle formation
and on its Demand Zone, go long on intraday level
HDFC BANK breaking the DATE RANGEHDFC bank broke the DATE range as it followed a
1- 9 bars fall with 26 bars giving rise to the fall, finally going towards a bullish trend
2- again doing the same but it didn't break out with the 18 bars bullish or bearish hence its an indecision to buy or sell
Hdfc Bank trading setupHDFC Bank
1570-75 Resistance area
This area is multiple time tasted and today the stock is closed 13 points lower from it's high.
Breaking above 1575 will take it up to 1600.
Swing Trade PlanPlease find the SETUP on the chart............................................................................................................
HDFC BankHDFCBank making reverse Head and Shoulder Pattern , so we can clearly find in chart , in next coming days we can see some correction in HDFCbank , to make proper pattern and Ideal Target 1650-1675 1700
HDFCBANKGood breakout in hdfcbank & then retest & again moving up.
Could be bought with stop of 1535 & target of 1604
HDFCBANK SEllHDFCBANK SEll for day trading if stock break the Support then we will short the stock....
Swing Trade on #HDFCBANKPlease note the time graph is on Weekly.
Best Possible Entry - 1395-1400
SL - 1340
Target - 1600-1640
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HDFCBANK ANALYSIS0.382 Fib-Level broken with good volumes and then a good consolidation near 0.5 level in Hourly Time Frame
Make or Break Zone: 1477-1485
Upside Target: 1500
HDFC BANKit can be a good opportunity to buy at this level
there is low risk and high reward
high probablity setup
HDFC Bank Long setupHDFC Bank Long setup : Good risk reward setup. Based on price action, a good support at top and bottom. Very small SL
HDFC BANKAfter making a high near 1725 on 18 Oct 21 HDFC Bank Started Moving downwards.
It followed Downward Channel from 18 Oct 21 till 1st Dec 21.
It took support at the same trendline on 20 Dec 21 which was acting as Resistance earlier.
HDFC Bank is moving in consolidation zone since 20 Dec 21.
Red Line marked is the new resistance Line & Orange Line Marked is new Support line.
Now its trading below 200 EMA on Daily Chart which shows weakness.
volume reducing continuously.
Its within Decision Area to Make or Break.
It is Expected to blast upside or Downside near 28 Dec 21.
Before 18 Oct 21 it took support on 50 EMA on hourly chart.
After 18 Oct 21 50 EMA line acted as Resistance on hourly chart.
Till the time HDFC Bank crosses 200 EMA on Daily Chart and take support avoid Long Positions (200 EMA @ 1500).
And if it trade below 1400, More fall is Expected.
Resistance Levels are 1456 - 1519 - 1564.
Support Levels are 1415 - 1381 - 1371.
Risky Traders can Buy at 1415 with Target of 1498 and StopLoss @ 1398.
Safe Traders to Make Long Posn above 1500 once tested this level as support atleast once.
This is for Educational and paper trading purpose only. Must consult your financial advisor before investing or taking any position in the market. please correlate by yourself also on charts.
Rising Wedge in HDFC BANKIt is forming a rising wedge on the 30m chart frame and could break down with a strong impulse.
Entry == 1440
S.L === 1460
TARGET == 1370
