Tradepro_MoneyFlow

Volumeprofile analysis to find accpetance and Rejection HDFCBANK

NSE:HDFCBANK   HDFC BANK
Finding Value area is the key to success in trading.

HDFC Bank had an initiating move today and even it was one of the mover in Nifty .

As mentioned in the chart, any move breaking the rejection zone can be an initiation trade. But keep a close look on some of the important parameters like News and Events.

As per the recent market conditions, HDFC Bank is a value buy for the money at 1010 to 1020.

FYI.. Volume Profile is one way to identify the true interest in the trading zone.

Disclaimer: As a strong believer in efficient market hypothesis, this analysis holds good only in the case of No event/news in to the market. This is my personal view and take your decisions only by your analysis.
Follow me on t.me/bankniftysignals

Comments

1080 Rejection zone right ?
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Tradepro_MoneyFlow kiran_investor_LLP
@kiran_investor_LLP, Yes kiran, but on Friday we had seen a initiation move. So keep a close eye on the Tick data available on orderflow
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Good Analysis Sir..
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Nice one
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@keyur1482, Thanks
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