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HDFC BANK LTD

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

By Trading_hawk
Updated
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
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Trading_hawk
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