Key Levels for HDFC BANK : INTRADAY CHART ANALYSIS UPPER BREAKOUT~1048 FIRST TARGET~1061 INTERIM RESISTANCE~1071 FINAL RESISTANCE~1083 ********************************* LOWER BREAKOUT~1033 FIRST TARGET~1026 INTERIM SUPPORT~1019 FINAL SUPPORT~1013 My views are for educational purposes only. Please trade with caution and consult your financial adviser before trading.
Hello @OptionsDesk : Just wanted to know whether the target levels are also previous market structures of support or resistance , as in can we wait for the price action to cross the target with ease ??
TheOptionsDesk
⋅
@hari_848, Yes sir you are 100% correcr, you can wait for the price action to cross the target with ease but when the first target hits, you should modify the stoploss cost to cost
hari_848
⋅
@OptionsDesk, thank you soo much for the clarification. Also let me tell you that your market structures are spot on mah man .. keep up the good work.. Peace :)
TheOptionsDesk
⋅
@hari_848, Thank You so much sir, I am very happy to hear your appreciation, I also respect that someone asked me a good price action question and you also understood how I plot the levels. I will keep updating the charts time to time, if you want any stock specific charts for tomorrow you can definitely drop a message.
hari_848
⋅
@OptionsDesk, You are far too kind mah man , actually I was waiting for you to publish some ideas today. Also , I got a bit confused with ur 1st reply , are you co forming that Targets are previous market structures of support or resistance??
TheOptionsDesk
⋅
@hari_848, Yes sir I told you that you are 10000% right, they are formed using previous market structure of support and resistances and when market is at ALL TIME HIGH/LOW, I use fibonacci to plot it.
TheOptionsDesk
⋅
@hari_848, If you want any stock specific charts, would do it for you, you can reply me here.
hari_848
⋅
@OptionsDesk, yes , Infact I was looking at Indigo and reliance industries. If you could publish them it would be great..
TheOptionsDesk
⋅
@hari_848, Reliance industries already done, will do Indigo in around 20-30 minutes, also have to make nifty50 and banknifty analysis video