HDFC - A SYMMETRICAL TRIANGLE A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
HDFC
HDFC - PULLBACK STRUCTURENSE:HDFC
DAY CHART
UPTREND IN PLAY,HIGHER HIGH FORMTION IS CLEARLY VISIBLE
POINT (1),WIDE RANGE BULLISH CANDLES WITH GUD VOLUME WHEN PRICE MOVES HIGHER
POINT (2),THERE ARE FEW WIDE RANGE BEARISH CANDLE ON PULL BACKS BUT DID NOT SUSTAIN
POINT (0),FORMED A NEW HIGH AFTER WHICH PRICE STARTED TO CONSOLIDATE
POINT (A),IS THE LOW POINT OF THE RANGE WHICH IS THE CURRENT REF. POINT FOR PULLBACK STRUCTURE
1 HOUR CHART
POINT (A) REF. LOW FOR THE RANGE & (B) REF. TOP FOR THE RANGE
POINT (#1)INITIALLY PRICE STARTED MOVING DOWN WITH WIDE RANGE BEARISH CANDLES INDICATING STRONG BEARISH SEMTIMENT
POINT (#2) SELLERS BECAME WEAK WHICH CAN SEEN BY THE FORMATION OF HIGHER LOW FORMATION (POINT (0))
ALSO PRICE TESTED POINT (B) FOUR TIMES BUT CANNOT GO BELOW PREVIOUS LOWS (POINT (0))
POINT (*1) BULLISH WIDE RANGE CANDLE CAN BE CLEARLY VISIBLE
LOOK FOR ENTRY EITHER AFTER BULLISH CONFIRMATION CANDLE NEAR POINT (E1) (50% & 61.8%) LEVELS OR AFTER BREAKOUT (E2)
KEEP AN EYE ON VOLUME IN BOTH CASES
BEARISH GARTLEY IN HDFC.CAUTION .OVERALL BULLISH.HDFC IS BULLISH ON HIGHER TIME FRAME ie DAILY AND WEEKLY
TARGET FOR THIS IS AT AROUND 2460 LEVELS
SL FOR THIS WILL BE 2250 LEVELS
ENTRY ONLY IF CROSSES 2340 PRECISELY
BEARISH GARTLEY
ON LOWER TIME FRAMES ie.1 hr
PROPER BEARISH GARTLEY PATTERN IS FORIMING IN 1 HR TIME FRAME, THOUGH THE OVERALL TREND IS BULLISH IN HDFC .IT CAN RETEST THE LEVELS OF 2250 BEFORE ZOOMING AGAIN, to the levels discussed above
(we have opportunity to go short before going long )
IF IT RESISTS AT 2320 LEVELS WE CAN SHORT THIS COUNTER AT 2300 FOR 40 ODD POINTS ,TARGET 2260 .
IF IT TAKES SUPPORT AT THIS LEVELS AND BOUNCE BACK WE CAN ENTER AT 2340 FOR 2460 DISCUSSED ABOVE
ABOVE VIEWS EXPRESSED ARE FOR EDUCATIONAL PURPOSE ONLY.
HDFC | cup & handle pattern formation | ☕Swing Trading opportunity ! 4 Hrs Chart Alert !!!
WAIT FOR BREAKOUT if not happen then pattern becomes invalidate
--Buy above = after breakout
--Target = 2340
--Stop-loss = 2250
--R:R = 3.64
--Expected Profit = ( 3.13% )
Technical Reasons to trade :- 🧢
1) hdfc has formed perfect cup & handle Pattern
2) volume is supporting
3) multitime frame analysis is bullish
4) stock is now at support
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✍COMMENT Below your view !
HDFC Short @2176. TP @ 2146Sell the fractal breakout to the lower side
Price is below the cloud
Chikou-span has exited cloud to the downside
Take profit at 2146. It may take support at this level.
Position sizing is as per risk.
#hdfc #nifty #nifty50 #banknifty #niftybank NSE:HDFC we shared this view when it crossed 1950 but coz f some tradingview's house rule the blocked that view. but we almost reached at our long taeger keep trailing ur longs an whoever ll find reversal can short it as well .
HDFC Harmonic ReversalHDCF is in a short term reversal mode in 30 min chart. 2350 is a resistance zone.
Target support has given in the chart.
HDFC Harmonic ReversalHDFC is in short term reversal 2350 is a level of reversal in the highest level. support lines are given below.
HDFC LIFE POSITIONAL BUY ABOVE 589HDFC LIFE BUY ABOVE 589 CLOSING BASIS
SL 560
TARGET: 594, 605, 611, 618, 625, 632
RISKY ENTRY BETWEEN 550-560
SL 540
Posting for Educational purpose only
Closing Basis means stock need to trade above 589 between 3:20 ~ 3.30 PM
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