DATE - 12th March 2024.
HDFC Bank has breakout today with good amount of candle size and volume too.
Applied Concepts
Chart P. - Inverted H&S
Positive Order Block from Daily Time Frame and Previous OB of Monthly TF as shown in chart.
Only OB is not a good option so here we have applied FVG (Fair Value Gap) also, Price Action has successfully reversed from FVG and gave confirmation for potential upside movement.
Targets
1st Target as per Chart P. is 1555 Rs.
and Further upside Target as per OB and FVG is 1700+.
Thank You!
Have a Good Day.
HDFC Bank has breakout today with good amount of candle size and volume too.
Applied Concepts
Chart P. - Inverted H&S
Positive Order Block from Daily Time Frame and Previous OB of Monthly TF as shown in chart.
Only OB is not a good option so here we have applied FVG (Fair Value Gap) also, Price Action has successfully reversed from FVG and gave confirmation for potential upside movement.
Targets
1st Target as per Chart P. is 1555 Rs.
and Further upside Target as per OB and FVG is 1700+.
Thank You!
Have a Good Day.
Comment:
Taking Support on H&S Neckline today.
Comment:
Monthly Closing in HDFC Bank is Showing Bullish Piercing Candle, it is considered as Strong bullish sign for HDFC Bank.
Next Strong support is 1422 Rs.
Next Strong support is 1422 Rs.
Comment:
T1 Achieved!!
BTW,
Thanks for Boosting this idea.
BTW,
Thanks for Boosting this idea.
Comment:
1480 to 1470 Good Support Zone for HDFC Bank, Furthermore
BN is also showing Bullish Continues Divergence.
BN is also showing Bullish Continues Divergence.
Comment:
As I mentioned in previous comments,
1480 to 1470 were good supports and today HDFC BANK reversed from 1480 RS and
1480 to 1470 were good supports and today HDFC BANK reversed from 1480 RS and