#Hdfc Bank Make or break levels. Mighty hit 1290
hello everyone
i have tried to mark the support or the demand zones as per the charts and price action
kindly co-relate the same with the chart
1500 level is a psychological support and if this holds good then we can see the targets of 1745 / 1880. for any uptrend to ensue 1500 levels need to hold. else we will break to 1400 levels as that is the next demand zone.
always keep in mind the rule of interoperability - where support becomes resistance and resistance becomes support
keeping a close watch. as per ichimoku we have entered into a bearish territory.
effect on bank nifty - HDFC twins may drab bank nifty to below 37 k if 1490 levels break on cbls in HDFC bank
this is for educational purpose only. kindly DYOR
thanks ..
do comment if you feel otherwise
i have tried to mark the support or the demand zones as per the charts and price action
kindly co-relate the same with the chart
1500 level is a psychological support and if this holds good then we can see the targets of 1745 / 1880. for any uptrend to ensue 1500 levels need to hold. else we will break to 1400 levels as that is the next demand zone.
always keep in mind the rule of interoperability - where support becomes resistance and resistance becomes support
keeping a close watch. as per ichimoku we have entered into a bearish territory.
effect on bank nifty - HDFC twins may drab bank nifty to below 37 k if 1490 levels break on cbls in HDFC bank
this is for educational purpose only. kindly DYOR
thanks ..
do comment if you feel otherwise
Trade active:
HDFC BANK IF GIVES CLOSING ABOVE 1514 LEVELS TODAY THEN WE CAN SEE 1677 after this break ..so today closing is very importance