Beautiful setup formation happened during Intraday in HDFC AMC.
When confluence of all happens on pull back... its time for big boom...!!!
Watch, Wait, Eagle Hunt...Repeat !!!
One Trade... One Kill !!!
Bank nifty might face a consolidation for a few days
Fundamental factor
1. war-like situation in the market.
2. most Chinese cities are under lockdown.
3. due to LIC IPO we could see a sell-off in the stocks for some time.
4. Fed might hike the interest rate due to increasing inflation.
So, overall there is a lot of fear In the market
(REMEMBER ALL THE BULL...
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
We have to neutral now : Wait for our price to breach out.
15 min candle should be our priority.
HDFC is falling at a rapid pace for the time being. However, as mentioned on the chart, the RSI at 4H TF is trying to tell a different story.
The volume delivery for the last week is trending at ~65% for both the instruments which infers to increasing interest levels on the buy side
The Twins needs to be on watchlist and wait for a reversal confirmation.
this...
HDFC BANK formed shooting star like formation on weekly chart entered in bearish territory as per price action it doesn't looks good.
Mazor contender of banknifty.
The analysis is based on simple institution manipulation. After the merger of HDFC and HDFC Bank, retailer participation increased two folds which acts as an opportunity for institution to fill their orders.
After the news of HDFC’s duo merger, the Market cheered and the price shot up. Now it’s back to the breakout point after the huge rise.
Is it a good level to buy?
Let's get into the Technical outlook first, then, we will explore the fundamental view of the merged entity.
Technical Outlook:
Bullish signals
• Inverse Head & Shoulder pattern formation
•...
NSE:HDFCBANK
Trade Setup for 13-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up...
NSE:HDFC is a very good NBFC company
on daily time frame stock is making inverted head and shoulder pattern
one can add this stock for a positional target of 2826.
Reasons to buy NSE:HDFC :
1. Reverse Head and Shoulder
2. Bullish divergence(Which is very rare confirmation signal )
3. RSI above 50
4.Fibbonacci support of 38%.
Buy in the given range only, maintain SL and Stick to the system .
HDFC
Buy-Above 2460
Sl-2230
T-2685 2875
Short Term
HDFC has made a bullish reversal chart pattern - Inverse Head And Shoulder in daily TF. It is formed after a good correction form ATH. According to the ABCD pattern , this swing can go till 2685-2700. Above 2700 it will proceed to the second target of 2880-2900. Ultra short term traders can trail sl at 2340...
Inverse Head and Shoulders
This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the...
![HDFCBANK: Simple Trade Setup | HDFCBANK | 13-04-2022 [INTRADAY]](https://s3.tradingview.com/0/0Uena5FL_mid.png "Simple Trade Setup | HDFCBANK | 13-04-2022 [INTRADAY]")
