stock is making running flat and a falling wedge pattern, wait for it to make breakout then find a way to enter keep stops below the breakout impulse. price might reach the mentioned level and do breakout but might reverse from there also to make further correction or downside move, so take profit or move stops very tightly to mentioned levels.
Keep eye on HDFCLIFE a bullish divergence on weekly time frame is spotted here a bull run will start in hdfclife levels mentioned on charts connect with your advisor also
Daily charts have formed lower lows on closing basis. Very important supports look 1530 (hdfc bank) and 2500 (hdfc).
Clear rejection from breakout levels. View will be invalid if we get a close 1680 and 2800.
Use discretion!!
Draw a pitchfork or a parallel channel with the lows of Feb 2009 at the center of one end, and the approximate price range of Jan 2017 at the center of other end. Why Jan 2017? Because post this the price moved out of the ascending channel with great volatility. So the ascending channel thus created is our conservative rate of growth for HDFC Bank stock price....
HDFC BANK looking good for a long , with just 3% of SL max and a good reward if goes as expected , SL is tight and small and am expecting the bank to make new all time highs very sooner
Finally some volatility to keep the bears alive. This entire week the technical analysis was saying keep buying. See how a fundamental change can alter the sentiment.
"MSCI tweaks spook HDFC twins, merged entity may see $150-200 million outflows"
The MSCI news hit just before the start of the day and NSE:HDFCBANK and HDFC were down 5% in pre-open. The...
HDFC bank is looking good for a short , short to medium term swing trade , with small SL just above the candle , need breakdown and price has to sustain below supports of 1670, RR looks good and banknifty looks overheated
HDFC LTD spot cmp 2852
daily time frame
Small bump ahead.
levels of 2860-2870 would act as resistance for the counter, above that bullish journey continue, but if does not close above 2870 can retrace fast.
Keep watch
Hi guys, In this chart i Drew My Best Levels in HDFC LIFE for Long position using 1Day Time frames.... I found a good level here. I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell...
technical analysis of banknifty maybe market will go up bcz previous candle of history is red by 1000 points its recovering 500 point each day thats my logic
