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HDFC BANK LTD
Updated

Simple Trade Setup | HDFC BANK | 23-08-2021

379
HDFCBANK

Observation:
1) On Daily Time Frame, It made good green candle after such big gap down. And closed above 1510 level as well as it took support from 50DMA.

Please refer Chart below: Daily time frame.
snapshot

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Trade Setup for Date 23-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and target w.r.t price action working near that level on Monday.

snapshot


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Trade active
snapshot

Hope you are having good profit
Trade closed: target reached
snapshot

hope you had good trade
Trading_hawk
Also on:
HDFCHDFCBANKhdfcbankanalysishdfcbankforecasthdfcbankideahdfcbanklonghdfcbankshorthdfcbanktrendhdfcbankviewsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
HDFCHDFCBANKhdfcbankanalysishdfcbankforecasthdfcbankideahdfcbanklonghdfcbankshorthdfcbanktrendhdfcbankviewsTrend Analysis
Trading_hawk
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.