P_Saha

HDFC BANK - Buy on dips strategy

P_Saha Updated   
NSE:HDFCBANK   HDFC BANK
PCR - bullish; OC looks bullish; Structure +ve
Next hurdle is 200 DEMA. Currently trading within a channel. Good buying interest observed during last few days. It needs to retrace to accumulate more orders to gain momentum. Target would be to accumulate as it dips down. If it violates buying zone then it goes below 945 then it might reverse.
Seen increase in % of delivery qty. Huge delivery was taken on 25th June. The selling zone will act as a resistance in future but probability is to go up is high.
* This chart is only for educational purpose.
Trade active:
On the move!
Trade closed: target reached:
Initial Target achieved.
Trade active:
Next target achieved. Trail SL.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.