HDFC Bank has day high of 1467.90 and script was opened
below the day low of 21-Jan-2021 and does not even pentrate
the previous low.
The script has strong supply zone at 1467 where the 1st hr time
has strong support & resistance at 1464.
The script which was broken the 1464 then fall as per our
expectation and reached our target of 1445.
Now the script has already broken the 1hr time support of 1448
and closed below it (1443.55).
Expected CPR:
Pivot 1,450.55
Bottom CPR 1,454.05
Top CPR 1,447.05
If the script breaks below 1440 at 5min time frame.Go for short
Target 1400
or
If the script goes pass above the CPR then go for long..
Target 1480 ( Which was virgin CPR of 22-Jan-2021 which can
act as resistance).
Disclaimer: Kindly do your own analysis before executing the trade
and I am not a registered SEBI Analyst.
below the day low of 21-Jan-2021 and does not even pentrate
the previous low.
The script has strong supply zone at 1467 where the 1st hr time
has strong support & resistance at 1464.
The script which was broken the 1464 then fall as per our
expectation and reached our target of 1445.
Now the script has already broken the 1hr time support of 1448
and closed below it (1443.55).
Expected CPR:
Pivot 1,450.55
Bottom CPR 1,454.05
Top CPR 1,447.05
If the script breaks below 1440 at 5min time frame.Go for short
Target 1400
or
If the script goes pass above the CPR then go for long..
Target 1480 ( Which was virgin CPR of 22-Jan-2021 which can
act as resistance).
Disclaimer: Kindly do your own analysis before executing the trade
and I am not a registered SEBI Analyst.
Trade closed: target reached:
Target HIt