TradingWithRahul

HDFC Bank bouncing from strong support

Long
NSE:HDFCBANK   HDFC BANK
HDFC bank has bounced of strong support and is looking bullish . Can be bought for a target of 1510 and 1540. CMP-1465. SL isn't required in this fundamentally strong pick but if someone wants then SL can be 1400 on closing basis.
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Comments

looks more like a head and shoulders tbh
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@hititt It may look like H&S but it is not clean one. 2nd thing is, I waited for 2 bullish candle to bounce from support for confirmation. 3rd thing is, Market is bullish right now, so can't short hdfc bank as it is a major part of nifty.
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hititt TradingWithRahul
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hititt hititt
Nice one bud
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hititt TradingWithRahul
@TradingWithRahul, clean is only when neckline close to breaking yes but structure very visible
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rajeebkusahu TradingWithRahul
@TradingWithRahul, you are right bro.
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@TradingWithRahul btw today also one more green candle is formed
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@hititt By clean, I meant that there should be only one head, and two shoulders on each side. But if you see there are multiple shoulders on right, so that's why said it's not clean😅.
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