B-Power
Long

(Intraday) Buy! HDFC BANK

NSE:HDFCBANK   HDFC BANK


1. As I mentioned in my previous study, The price took the reversal after the 50% retracement .

2. On drawing, ABCD Pattern ; As the extension to the previous level.

3. Lets find the reversal level with the D Point

if D=1; Double Top Formation Price:1128
if D=1.28; reversal level Price:1153

4. Previous day volume was really good on green candle.

BUY ABOVE 1110 Target: 1117.70 , 1122.30 Stop Loss: 1104

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Regards,
Gaurav Bajaj
Mobile:+91 8081477888


Comment: Warning: Hanging Man formation on Weekly Chart. Please watch out
Trade closed: target reached: All target reached in Pre Open

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