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HDFC

(Intraday) Buy! HDFC Bank 1. HDFC Bank Price took the reversal from 78.6% retracement level from the previous low on Hour Chart. 2. On Drawing AB-CD Pattern on the same. 3. On complete formation AB-CD Pattern, D Point will be the reversal level. Assuming BD = 1.27 , D = 887 Assuming BD = 1.61 , D = 901 Assuming BD=1.00 , D=877 (If Double Top Formation Happen) 4. As we know RBI have lower the Repo Rate on last Friday. Bank may provide more loans to customer. But banks are not ready for collateral free loans. So, Banks will use it as Leverages. Banks Margin will Increase. 5. Buy Above 850 Target: 854 , 859 , 866 , 877 Stop Loss 842 IF YOU LOVE MY STUDY PLEASE LIKE + COMMENT. FOLLOW ME HERE FOR MORE STUDIES FROM MY SIDE.
NSE:HDFCBANKLong
by B-Power
8
Grab the opportunity in HDFC !!!We all know the potential of HDFC and it's growth. Because of the current bearish sentiment of the market stock is trading at a very low price and we could start accumulating some amount of stocks for swing and long term traders. This analysis especially for Swing and Long term traders only. (Short for intraday only if gap down opening) From the weekly chart frame the stock was in a clear uptrend and was moving in the uptrend channel. When we switch to the Daily frame, we can observe the stock is taking support on 2017's Support and Resistance level as well as 24th march 2020s as well. But when we zoom in the Hourly time frame we can observe the downtrend of the market and now it is trading at the bottom of the Support. Also on the last two candles formation of upper wick show some positive possibility if there is not a gap down opening. Pro Tip (For Swing and Long term traders) - I suggest you start accumulating some quantities and if it goes down again buy again because when the market will recover you will never see HDFC trading at this level.
HLong
by Saagar_patil
4
RSI Bullish Divergence & contraction of volatility In this setup, I have clearly explained how powerful RSI divergence is but sometimes they don't work is some kind of stocks. In my own opinion, I think HDFC Follows RSI Divaregance & this move fill be a successful move. Observation Price Action -> In the last 5 days narrow range candle has been formed. (Contraction of volatility) -> Positive price channel formation. -> RSI Shows good strength & supports price now. (Signifies that price is strong & no major trend reversal) -> MACD is still below zero but it's still indicating a bullish move. -> Rs 1860 should be the First target as per Fibonacci. / Last three days Delivery % 21 April 2020: 59.86% 22 April 2020: 53.54% 23 April 2020: 46.19% Option Chain ( Expiry 30 April 2020) 1700: Highest OI on Call side. 1600: Highest OI on Put side.
HLong
by abhishek_sh4
2