HDFC Bank HDFC Bank showing inverse Head and shoulder Pattern
Looking liket it will reverse from here conformation above 1540-1550
0A7I trade ideas
Nifty 50 - 3rd Stock - HDFC bank -Pullback about to complete nowHi All,
My Observtion on HDFC Bank:
1. Triangle pattern formed since Feb '21 with supports mentioned
2. Breakout done @ Rs.1510 on 16th Aug and went up to Rs.1690 and pullback/retest started on 16th Oct.
3. It's fallen since then and has breached the previous breakout point.
4. Likely to go up from Rs.1500.
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
#HDFC_bank follow the trend lineIt's very clear pattern follow HDFC Bank and it's very useful chart pattern
#HDFCBANK harmonic updateTook support at harmonic PRZ,
#HDFCBANK next bullish harmonic
Target 1800,2100
PRZ-1499
Sl-1339
CMP:1581 @ 4 November 2021
HDFC BankHDFC bank on golen zone for swing trading
And daily candle bullish engulfing
soon trend divert to uptrend
#only Education purpose
wave analysis of HDFC BANKI have tried to mark the ending diagonal waves on the HDFC bank chart. I HOPE THE TRADING COMMUNITY WILL LIKE IT
HDFC BANKCharts is at critical level price should bouce from here small SL
if Daily candle closes below 1328 then exit
if the stock has to go up then it cant close below this level or medium term trend will turn down
INTRADAY_BUY HDFC BANK @1538 _ TGT 1550HDFC getting rejected and shall hit the previous resistance of 1550.
HDFC BANK CAN BE A GREAT ENTERfibonacci 0.61 %
200ema
great risk/reward
dont miss this buy opportunity
HDFC Bank Reversal TradeThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Nifty50 HDFCBANK 16th NovMonthly : Negative,
Weekly : Negative,
Daily : Short covering.
Good level to watch for positional trade
Nifty50 - HDFCBANK - 15th Nov Analysis | Trend for 16th NovNifty50 - HDFCBANK - 15th Nov Analysis | Trend for 16th Nov.
Monthly Negative
Weekly Negative
Most recent: Short Covering.
Near to crucial support level. Positional buy
HDFC BANK WEEKLY CHART Trading at very imp weekly trendline support , intraday tgt 1590 , positional tgt 1620/1680 ,best buy 1520-1540
HDFC SHORTMonthly: 1. At KEY Resistance Level 2. Doji Formation 3. Multiple Candles Rejection 4. Trend Line Break
Weekly 1.Bearish Engulfing Candle 2. Trendline break 3. Long Wick Candle rejection at Resistance
Daily : 1. Break out Trend line and 50 ema 2. Head and Shoulders pattern
Wait watch Time. My Stone Blue Line! If Cross price go above my blue line for 15 min. Go Blindly for long. SL is also my Blue line :) #Nomoretools #Simplekartehey #dontpanic
HDFC BANKChart is forming bullish bat formation entry is already triggered dont jump directly buy close to entry level to maintain R:R
HDFC BANKChart is forming head and shoulder pattern on 15m should see some drop in price below neckline
Bullish swing trade in HDFC BankPrice is near important level which has many times switched support to resistance and vice versa.
Break out of this level will make a bullish swing
IT CAN TOUCH 1750Horizontal Support
Resistence Become Support
Moving Average support
False breakout
Bullish candle is foam
HDFC trend analysis for November monthHDFC bank and AXIS bank are struggling to move higher from February's high where the SBIN and ICICI made 20-30% higher from February high.
As there is no recent events and could expect the stock move sideways for next two months.
Range - 1370 ~ 1620
Support - 1350-1400
Resistance - 1550-1630
