HDFC BANK Long Trade.
Right Time to Invest in HDFC BANK.
Buying Range : 1615 to 1620
Stop Loss : @1595
Targets : 1650/1680/1725/1775/1840 ++++++
Reasons to Buy:
1: HDFC bank following a channel from past one year, and now again taking support from the channel low i.e. @1615.
So basis idea is that, we will follow the price up to channel high (i.e. @1775-1840).
2: RSI is about to oversold. As observed whenever RSI was found below 35 then the movement was shifted to upside.
3: Good fundamentals
4: Good Risk to Reward ratio.
Thanks
Disclaimer: This idea is only for the Educational purpose. Trade at your own risk.
If you like the idea kindly support.
Buying Range : 1615 to 1620
Stop Loss : @1595
Targets : 1650/1680/1725/1775/1840 ++++++
Reasons to Buy:
1: HDFC bank following a channel from past one year, and now again taking support from the channel low i.e. @1615.
So basis idea is that, we will follow the price up to channel high (i.e. @1775-1840).
2: RSI is about to oversold. As observed whenever RSI was found below 35 then the movement was shifted to upside.
3: Good fundamentals
4: Good Risk to Reward ratio.
Thanks
Disclaimer: This idea is only for the Educational purpose. Trade at your own risk.
If you like the idea kindly support.
Trade active
after hitting our close SL hdfc bank now hits our target no.1.Note
Whoever looking for a trade.. can buy HDFC @1650Trade active
Hit 17000Trade active
Trade closed: stop reached
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