HDFC: Trading above it's Major Supply ZoneHDFC is looking strong on the weekly chart and it is trading above it's major supply zone.
There are multiple Supply zones on the upside. So I will go with the put writing because I am seeing limited downside.
HDFC
HDFC - Bears will be in control below 1850* Horizontal trendline resistance
* Wyckoff distribution
* Southwards moving RSI
HDFC is set for a downfall , sell futures for better resultsTarget : 2%
Risk : 1%
Please comment for any doubts!
HDFCHDFC Bank Form Triangle Pattern in 30 Min Chart. if 30 min candle break up side or down side you need to take trade according to trend.
#14 HDFC - Long for 2 - 3 MonthsNSE:HDFC
Reasons being: Diamond Bottom Formation
What is Diamond Bottom?
- The Diamond Bottom pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern.
Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks
upward out of the diamonds boundary lines, it marks a significant reversal to a new uptrend.
Every Price Action Pattern after breakout provides some Target Range and according to Diamond Bottom:
Target range: 2250 to 2275
View negated Below: 1725
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose.
MOMENTUM TRADE IN HDFC -STOCK CLOSED ABOVE MAJOR HURDLES
-WILL USE YESTERDAY LOW AS A STOP
-WILL ENTER IF THERE IS ANY DIP
MOMENTUM TRADE
BUY@1880-870
STOP@1860
TARGET@1918(MOMENTUM TRADE)
TARGET@1950(POSITIONAL TRADE)
HDFC - Build up near resistanceNote: This is for educational purpose only.
There is a strong build up/ accumulation near resistance. In case of bullish breakout, price will rally upwards. RSI 57 which too indicates bullish momentum.
hdfchdfc looking very bullish.just confirm by heikin ashi,volume,candle.
if looks positive,then can go long for intraday
for educational purpose
RELIANCE KEY LEVELS SUPPORT AND RESISTANCE 29/06/2020 MONDAYKey Levels for RELIANCE INDUSTRIES : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~1755.30
FIRST TARGET~1769.15
INTERIM RESISTANCE~1783.50
FINAL RESISTANCE~1801.40
*****************************
LOWER BREAKOUT~1736.85
FIRST TARGET~1726.10
INTERIM SUPPORT~1713.55
FINAL SUPPORT~1688.45
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 29/06/2020 MONDAYKey Levels for NIFTY50 : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10435
FIRST TARGET~10481
INTERIM RESISTANCE~10531
FINAL RESISTANCE~10593
***************************
LOWER BREAKOUT~10336
FIRST TARGET~10295
INTERIM SUPPORT~10252
FINAL SUPPORT~10200
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 24/06/2020 WEDNESDAYKey Levels for NIFTY50: INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10509
FIRST TARGET~10550
INTERIM RESISTANCE~10599
FINAL RESISTANCE~10651
*****************************
LOWER BREAKOUT~10443
FIRST TARGET~10410
INTERIM SUPPORT~10372
FINAL SUPPORT~10331
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
RELIANCE KEY LEVELS SUPPORT AND RESISTANCE 23/06/2020 TUESDAYKey Levels for RELIANCE : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~1760.35
FIRST TARGET~1771.15
INTERIM RESISTANCE~1782
FINAL RESISTANCE~1793.50
********************************
LOWER BREAKOUT~1739.95
FIRST TARGET~1726.55
INTERIM SUPPORT~1711.25
FINAL SUPPORT~1688.95
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
HDFC BANK KEY LEVELS SUPPORT AND RESISTANCE 23/06/2020 TUESDAYKey Levels for HDFC BANK : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~1033.90
FIRST TARGET~1041.95
INTERIM RESISTANCE~1049.10
FINAL RESISTANCE~1061
************************
LOWER BREAKOUT~1023.90
FIRST TARGET~1015.95
INTERIM SUPPORT~1008.75
FINAL SUPPORT~998.35
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
BANK NIFTY KEY LEVELS SUPPORT AND RESISTANCE 23/06/2020 TUESDAYKey Levels for BANK NIFTY : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~21806
FIRST TARGET~21937
INTERIM RESISTANCE~22093
FINAL RESISTANCE~22276
*****************************
LOWER BREAKOUT~21675
FIRST TARGET~21548
INTERIM SUPPORT~21363
FINAL SUPPORT~21196
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 23/06/2020 TUESDAYKey Levels for NIFTY50 : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10366
FIRST TARGET~10413
INTERIM RESISTANCE~10456
FINAL RESISTANCE~10502
*****************************
LOWER BREAKOUT~10287
FIRST TARGET~10246
INTERIM SUPPORT~10195
FINAL SUPPORT~10137
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
HDFC AnalysisTrade which everside it gives a break out.
Also Traders can do jobing inside.
For educational purpose only!
HDFC ANALYSIS Hi traders,
As on friday we saw some negativity in the hdfc but It was not that bad. So the monday setup is very simple if market is positive we can long with the target of 1920-1930 with friday low as stoploss. Try to buy at lower levels. To get live market update you can send me a personal message on telegram.
Thanks
Regards,
Tachyon Trading
HDFC Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
LT KEY LEVELS SUPPORT AND RESISTANCE 18/06/2020 THURSDAYKey Levels for LT : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~890.25
FIRST TARGET~896.75
INTERIM RESISTANCE~905.35
FINAL RESISTANCE~913.65
LOWER BREAKOUT~880
FIRST TARGET~875.10
INTERIM SUPPORT~869.15
FINAL SUPPORT~860.85
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
