HDFC BANK Long

Jul 11, 2022

Indian private bank king is ready to make an impulse in the long direction be in the trend for the rewards

1 Week time frame

Factors which im considering

1) RSI divergence
2) Piercing candle in the support of 50 sma
3) Support in 50 sma



1 Day time frame

It has taken good support in 1 day time frame of 50,100 sma( simple moving average)



reversal pattern in 1 day time frames









4HRS TF

It is forming a bullish correction and continuation pattern along with the support of sma (50,100,200)

Jul 11, 2022

Note

Comment: Target level



It is purely based price action and the previous impulse is copied in weekly time frame to give an idea for the upcoming move, Expecting to reach the Target of 2100





With a RR of 7.7:60.4
and a profit of 7.8 times the risk happy hunting.

Fundamental news :

moneycontrol.com/news/busine...

Merging of all HDFC Sectors under a single ROOF.

and so many big sharks are holding as well

Share holding is expect to increase in the upcoming days along with the merging