DSKF16
Long

HDFC BANK: Investment Idea

NSE:HDFCBANK   HDFC BANK
313 views
9
313 10
Harmonic Bullish BAT (in Progress)
..... Levels & other details mentioned & plotted in chart.

Best LONG: @ 2111.80 - 2105.65 - 2099.45
.
Education Purpose Only.
Sir, D pint is at 0.676 level of XA, still would it be valid ???
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DSKF16 pravinosharma
@pravinosharma, In IDEAL SetUp it should be "0.886 of XA". So, i mentioned "In Progress".
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DSKF16 pravinosharma
@pravinosharma, Watch snapshot.



showing Ideal SetUp.
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Well, i think bat will not be formed and will be missed by few points, as trend line in daily chart shows strong support and tomorrow it should bounce. Hope, i have not missed something. Your view?
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DSKF16 yogi_sharma_elliottician
@yogi_sharma, For Classical "BAT" formation Point "D" should be in Between 0.786 (2096.8) & 0.886 (2081.10) of "XA" (though 0.886 is Healthy) & 1.618 - 2.618 of "BC"

Condition #1. If Made LOW @ 2096.8 then "D" = 0.786 of "XA" & 1.558 of "BC".

Condition #2: If Made LOW @ 2092.7 then "D" = 0.814 of "XA" & 1.618 of "BC"

Condition #3: At "PRZ" ,"D" = 0.886 of "XA" & 1.771 of "BC".

Notice mentioned "AZ" in Chart.
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DSKF16 yogi_sharma_elliottician
@yogi_sharma, Snapshot of Projected Point "D" at 0.886 of "XA"

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I would somewhat disagree with your long buy range.
Reason AT 2099 IT WOULD BE BELOW THE CLOUD AND WOULD FACE RESISTANCE TO BREAK IT
AT 2111/2105 IT WOULD BE INSIDE THE CLOUD AND THAT WOULD BE SOMEWHAT NO TRADE ZONE.
Do share your opinion about the same.
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DSKF16 Tradingshiksha
@Ta_charts, Mentioned "PRZ" => 2081, Closing Below weak.
In Ichimoku system: "the uptrend is also bullish when the Senkou Span A is rising and above the Senkou Span B, which will produce a green Cloud".
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good
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DSKF16 rupambose32
@rupambose32, thanks.
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