HDFC BANK LTDLong
Swing Trading Strategy: HDFC Bank (HDFCBANK)
Stock Outlook:
I maintain a bullish outlook on HDFC Bank (HDFCBANK) with a swing trade target of ₹1913.15 by February 27, 2025. This target aligns with the current technical and market trends indicating upward momentum.
Stop Loss Strategy:
To manage downside risk, ₹1600 has been identified as a crucial support level. Any daily settlement below this level will signal a potential breakdown, and positions should be exited accordingly.
Key Notes:
Disclaimer:
This trading strategy is for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and all trades carry risks. Please consult a financial advisor or conduct your own research before making any investment decisions. Past performance does not guarantee future results.
I maintain a bullish outlook on HDFC Bank (HDFCBANK) with a swing trade target of ₹1913.15 by February 27, 2025. This target aligns with the current technical and market trends indicating upward momentum.
Stop Loss Strategy:
To manage downside risk, ₹1600 has been identified as a crucial support level. Any daily settlement below this level will signal a potential breakdown, and positions should be exited accordingly.
Key Notes:
- Risk Management: Ensure position sizing aligns with your overall risk tolerance.
- Timeframe: This strategy is based on a swing trading approach and is meant to capitalize on short- to medium-term market movements.
Disclaimer:
This trading strategy is for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and all trades carry risks. Please consult a financial advisor or conduct your own research before making any investment decisions. Past performance does not guarantee future results.
Note
HDFC Bank January 2025 Futures Trade Setup for December 26, 2024 Onwards
Trade Setup:
Current Settlement Price: HDFC Bank January 2025 futures settled at 1811.55 on December 24, 2024.
Key Resistance Level: Watch for a breakout above 1825.80.
Bullish Scenario: If the price breaks above 1825.80, our proprietary option pricing model suggests there could be significant bullish momentum, potentially pushing the price towards 1840 and beyond.
This trading strategy is for informational purposes only and does not constitute financial advice.
Note
Traded from 1825.8 to 1840, what a trade!Note
I bought the 1800 January Put @ 44.60 now! Let's see.
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