A breakout above the resistance will confirm it.
This is not a buy or sell recommendation. Just sharing the chart for study purposes. Please contact your financial advisor for buy or sell decisions.
HDFC has completed forming a Head and Shoulder pattern with its LTP at breakout levels.
A buy can be initiated above 2455 with Rs.25-30 as stop loss and a huge profit can be expected.
after 30% fall from top, it is forming a bullish pattern
So we can trade HDFC long side point of view.
there is also 200 EMA resistance so if closing above 200 EMA then initiate a trade with small quantity
Later on retest or pull back add more as per your risk appetite.
Proper chart pattern is being followed in HDFC.
Stock after the break out has retested the trend line.
HDFC has closed just near the support level and slightly below the 20ema.
If the stock form any bullish chart pattern, targets are there in the chart itself.
This trade can become a swing trade for the traders.
Hi there, Hope you are doing well and safe.
I am seeing HDFC in selling side. It may come near the white trend line.
Note : This is only for educational purpose.
Thanks
HDFCLIFE
Buy-Above 530
Sl-500
T-563 600 650+
A short term bounce can be seen above 530. The stock ha been in a decline phase since Sep 2021. Sl will be last swing low near 500.
HDFC has closed above the long respected descending trend line.
The stock can give a bullish momentum in the next trading day as the volumes are higher than the previous closing days.
On Thursday, the stock has closed above the trend line and can travel up to the target level of 2475-80.
The stock has broken over a resistance level after approx 2 months.
...
Key highlights:
- Marked out a few important horizontal S/R levels, demand zone in order to give a better idea to the new learners.
- Do not trade in between the levels, always trade level-to-level.
- Demand zone: 1910-2090
- Weekly flip level: 1550
- Daily flip level: 2365
- Lower Demand zone: 1623-1738
Disclaimer: This is NOT investment advice....
Buy HDFC Bank for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
.
💡Bank’s strategic and execution focus to effectively implement project Future Ready will start yielding results, particularly in the following domains:
1) Newly identified growth engines of MSME and rural banking
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3)...
NSE:HDFCBANK
#NSE:HDFCBANK reached to support and bouncing, potential levels marked on chart.
Levels shared Everyday for learning, can be reached to me for any clarifications.
Happy LEarning
HDFC is looking good for investment purpose as per waves analysis.
First price should give breakout above current 0-X Trendline.
Wave structure says everything, Let price say something aligned with it, then its confirmed Investment pick.
Overall structure can be unfold as below
Unfolded waves structure
let price breakout this line
Disclaimer.
I am not...
Hdfc 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.
Short Video Outlook on HDFC
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22nd Jan 2022
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4th July 2021 - HDFC - WaveTalks -Pattern /Patience & Penultimate Correction which was Wave 4 Triangle....
