HDFC Bank Daily Timeframe Analysis

Oct 29, 2022

HDFC Bank getting ready for Breakout

• It has formed Narrow range of last 8 sessions and Inside bar candles in last 3 sessions
  
• Making LH - LH structure
  
• Consolidating above last 88 days support zone and sustaining after dynamic resistance (trendline) breakout and formed NR7
  
• If Breakout above 1468 and sustained can go long with SL 1445 and momentum targets of 1487,1513,1540
  

Oct 31, 2022

Trade active

First Target done 1487

Nov 1, 2022

Trade active

Second target done 1513. Now LTP 1528.

Nov 11, 2022

Trade active

All Targets Hit. Trail with daily low SL.