HDFC EQUITY levels ...25/05/2021 (D candle)
HDFC looks good for long from here on with the support of 2350
Well an amazing symmetrical triangle breakout done :) Trade on retest if there is any :) Happy trading
Be cautious if gap up much more otherwise be on the bearish side till 1367.75 which is the first support If break 1358 to 1343 act as stronger support as multiple attempts denied to break it
Symmetric Triangle formed here can lead stock for an Up move to the 2617 as we can see Resistance line. So If triangle breakout successfully we can get our first target for short term (1-2 weeks) at Price level 2617. Next target can be 2765 & 2896 (For long term) If pattern breaks down, stock can take support near 2364
HDFC consolidation in a range. Could breakout the TL anytime. keep in radar for positional trading.
Again u can enter here if it breaks out ---- this is only for long position.... i will update when it will break out
1. Price action 2. Support and Resistance important levels
Given breakout but the setup has not that good RR ratio. 1:1. If anyone interested then should consider it. The only thing make me willing to take trade as it is a market leadera in Banking and a giant one in Nifty50.
buy near 1400 with sl of 1380 target more than its last high
HDFCBANK is leader in PVT banks alteast for shareholders if not for consumers. Stock is resting at good support for quite a while before this consolidation phase of market is over. Do not miss this opportunity as many were crying for missed opportunity in the same stock few months back. I am expecting new all time high soon.
Education Purpose : 1. Price action 2. Respect trend lines 3. Stock goes in proper range 4. Support and Resistance .
Short HDFC below 2370 for targets 2190 1920 1636
Following Trend Line Respectfully .. Wait for Breakout Still RSI Is not that much Weak ..... Coping Between Bulls And Bears
Stocks in My WatchList for long swing *Sbi life Insurance. Cmp 1000 *iciciprudential Cmp 561 *HDFC Cmp 2496.75 *Bajaj Finserv Cmp 11318 *Icici Lombard CMP 1449.95 *Axis bank Cmp 716 *PFCL Cmp 108.65 -Paurik Trivedi