HDFC bank simple candlestick patternHdfc bank on a daily timeframe has formed a bullish engulfing pattern with volume confirmation.
It is the basic candlestick pattern with shows the reversal in trend.
Support:- 1300(round number)
resistance:- 1327, 1357
The pattern is bullish.
Trade only when the price sustains above 1327.
HDFC
WaveTalks-HDFC- The Connecting Moves (Wave Analysis)Short Video Outlook on HDFC
-------------------------
22nd Jan 2022
-------------------------
-------------------------------------------------------------------------------------------------------------------------------
4th July 2021 - HDFC - WaveTalks -Pattern /Patience & Penultimate Correction which was Wave 4 Triangle.
------------------------------------------------------------------------------------------------------------------------------
----------------------
Expectation
----------------------
Wave 5 Expected Post Penultimate Wave - Targets achieved 2650 / above 2777 - 2900+
----------------------
Outcome
----------------------
Achieved - Wave 5 Topped at 3021 Highs in Nov 2021
----------------------------------------------------------------------------------------
9th Nov 2021 - HDFC -Wave 5 - What it could be unfolding ?
---------------------------------------------------------------------------------------
-----------------------
Expectation
-----------------------
Some kind of Topping Out Pattern Ending Wave 5 & The Impulsive Sequence Starting from 1473 Lows in March 2020
-----------------------
Outcome
-----------------------
Topping Out Pattern in Wave 5 Unfolded as Ending Diagonal & Topped at 3021 Highs in Nov 2021
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------
What Next ?
-----------------------
Ongoing Corrections unfolding. 2540 could be a possible short term support as it unfolds
Piercing Candlestick Pattern - Reversal Pattern
Rising Trendline Supports
Few days of possible upside moves can be expected next as India has Budget 2022 & Break below 2541 can make stock slip & retest 2380-2400 support zone. Getting upside bounce from 2541 -partial targets to be booked at 2650 & 2750
Thanks & Have A Lovely Weekend
LONG ON HDFC WHEN IT TOUCHES 80 SMA (M)Whenever HDFC has crashed in the past or deep corrected, it has always taken support on 80SMA on monthly charts. A great opportunity to buy HDFC.
Target 1 achieved in HDFC. Gain of 9%. Target 2 is ON...This is follow-up on Housing Development Finance Corp.
Target 1 achieved. Gain of more than 9%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 2 achieved in HDFC. Gain of 15%. Target 3 is ON...This is follow-up on Housing Development Finance Corp.
Target 2 achieved. Gain of more than 15%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#HDFC Reversal Levels NSE:HDFC
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
HDFC - Simply SetupHDFC has been following the parallel channel and currently at the bottom end of the channel. It is also at a strong support area.
Good time for accumulationNSE:HDFCLIFE
Guys start buying hdfc life but be very careful and take positions little by little. Like if I have to invest 100 rupees in the stock I would take a position of 10 rupees(if brave enough take a position of 25 rupees) now and increase it strategically. The stock currently trades at a P/E of 90+ so we may have further corrections but a great time to accumulate this gem. We can later average upwards if needed.
HDFC buying opportunity 2249/-HDFC buying opportunity 2249/- , as Fibonacci support may protect this from bears..
HDFC : Taking support, Potential Higher LowHDFC is taking support at shown area with higher volumes. We can go long if it creates a higher low (HL) above the support area.
HDFC - Forming a classic double top. HDFC - Forming a classic double top. A breakout below 2365 will complete double top which could send the stock down substantially
HDFC lifeHDFC life :
Reasons/Traits :
* Bullish Bat formation can be seen
* It can also be called as Bear Pattern 1-2-3 (Entry stop loss marked); 1:2/3/4 can used as risk reward if it follows
* Price took support @ 0.786 fib retracements levels
* Price also took support @ 200 EMA while 20 EMA cuts 50 EMA from top
* Falling RSI, Stoch and MACD
What can happen next :
Scenario 1 : Price sustaining above 694 level can take it to 700/710/720/740/760/775 levels
Scenario 2 : Price break down below 682 levels can take it 670/656/644 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Please do like and share this idea. Thanks
HDFCBANK SwingScript : HDFC-BANK
SL 1430
Breakout above 1540, Targets : 1570/1675/1720++
>> NOTE : I’M NOT RESPONSIBLE FOR YOUR PROFIT AND LOSS
I’M NOT A SEBI REGISTERED ANALYST
>> KEYWORDS (IGNORE)
#intraday #stockmarket #nifty #trading #intradaytrading #sensex #sharemarket #bse #nse #investing #niftyfifty #indianstockmarket #stockmarketindia #stockmarketnews #breakoutMan #banknifty #stocks #investment #technicalanalysis #stockmarketinvesting #intradaytrader #indiansharemarket #swingtrading #dalalstreet #finance #trader #forex #stockphotos
📊 #HDFC Swing Trade Opportunity 🎯NSE:HDFC
📌It can Reverse From CMP As Well, but if activate pattern then that would be good for healthy up move.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
HDFC- Swing trade#HDFC
Buy- 2550-2590
Sl-2440
T- 2800 2955
RR is good here. Firstly the stock has fallen from 300 levels. Time for a pullback. This is aggressive buy. As trendline has not been broken. Safe traders can buy after trendline breakout.
HDFC LOOKING A GOOD BUYHDFC Ltd looks good to buy above 2515 for upper marked targets on the chart until 2445 is intact on the closing basis.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team