0A7I trade ideas
HDFC Bank lookout for coming days...HDFC has completed the impulse and ready to go for the correction.
Expect correction till the rectangle box.
Stay safe and Trade safe.
Note: The above information is just an idea and not a trade recommendation. Consult your financial advisor before taking any trade or trade at your own risk.
Hdfc Bank--- On the verge of breakoutThis is 4th attempt to break all time high, with higher low formation on right shoulder. Keep this on radar for a target of 2100/-. Plan your trade based on your risk & reward. I bought this today.
Do your own analysis before investing; this is just an idea, not a recommendation, & a step towards learning chart patterns & trading
HDFC Bank may reach 2600-2800 over a period of next one year.The largest merger agreement in India to date, between HDFC and HDFC bank, has piqued the interest of Indian investors. Whenever there is news about a merger, prices peak in the near term and then recover. So, for the time being, it is extremely possible to halt current progress and retrace to 1600 before rising to 2600-2800 during the next year.
HDFC about 40%-50% over a period of next one year.The largest merger agreement in India to date, between HDFC and HDFC bank, has piqued the interest of Indian investors. Whenever there is news about a merger, prices peak in the near term and then recover. So, for the time being, it is extremely possible to halt current progress and retrace to 1600 before rising to 2600-2800 during the next year.
HDFC BANK LTDHello & welcome to this analysis on India's largest bank
A strong uptrend which has recently seen a sideways corrective and the record date announcement of its merger with HDFC LTD could now see it give a strong up move pre-merger.
If it manages to hold 1590-1610 then above 1670 it could rally till 1750-1850.
Failure to hold 1590 could take it down towards 1560-1475-1350
Overall at the current level structure remains bullish with a good risk reward opportunity.
Happy Investing
Long Hdfc bank Long HDFC Bank in Hdfc Bank Daily chart crossover of 20 ema and 50 ema short term. Ema cross above mid term ema and rsi also storng.
Buy above 1705 sl 1680
Target - ride until daily candle close below 20 ema
I am not a SEBI registered advisor this is my personal view and this is for educational purposes only do your own research before taking any trade..