HDFC - Reversal Swing Trade Inverse H&SHDFC
Buy-Above 2460
Sl-2230
T-2685 2875
Short Term
HDFC has made a bullish reversal chart pattern - Inverse Head And Shoulder in daily TF. It is formed after a good correction form ATH. According to the ABCD pattern , this swing can go till 2685-2700. Above 2700 it will proceed to the second target of 2880-2900. Ultra short term traders can trail sl at 2340 after a extended gain and take 1:1 and 1:2.
HDFC
HDFC MID-TERM SWING TRADEHello, hdfc mid-term swing trade buy: 2,460 targets: 2,680/2,860 stoploss: 2,380.
LOGIC BEHIND TRADE: Stock has formed W pattern & given breakout of dynamic trendline resistance & static resistance breakout buying strategy, (targets identified from harmonic xabcd/abcd pattern level 2.0/1.131) stoploss is taken low of resistance candle. Stock looks solid for mid term swing trade. NSE:HDFC
HDFC- INV. HEAD AND SHOULDER BOHDFC gave an Inverse Head and Shoulder BO. We can enter above PDH 2464.
Happy Trading :)
Disc: Chart posted only for learning purpose.
HDFC: Inverse H&S BreakoutInverse Head and Shoulders
This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head.
The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above.
The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline.
TRADING STRATEGY:
Buy near 2450 zone with SL of 2230 and look for the target of 2650/2800-2850 zone.
HDFC Inverse head and shoulder patternA breakout above the resistance will confirm it.
This is not a buy or sell recommendation. Just sharing the chart for study purposes. Please contact your financial advisor for buy or sell decisions.
Textbook head and shoulder pattern formation in HDFCHDFC has completed forming a Head and Shoulder pattern with its LTP at breakout levels.
A buy can be initiated above 2455 with Rs.25-30 as stop loss and a huge profit can be expected.
HDFC, Inverted Head & Shoulder chart pattern formation HDFC will continued in uptrend as formation of Inverted Head & Shoulder chart pattern
Inverted HnS Pattern Bullish Signafter 30% fall from top, it is forming a bullish pattern
So we can trade HDFC long side point of view.
there is also 200 EMA resistance so if closing above 200 EMA then initiate a trade with small quantity
Later on retest or pull back add more as per your risk appetite.
HDFC breaking out and restest.Proper chart pattern is being followed in HDFC.
Stock after the break out has retested the trend line.
HDFC has closed just near the support level and slightly below the 20ema.
If the stock form any bullish chart pattern, targets are there in the chart itself.
This trade can become a swing trade for the traders.
Selling Side targetHi there, Hope you are doing well and safe.
I am seeing HDFC in selling side. It may come near the white trend line.
Note : This is only for educational purpose.
Thanks
HDFCLIFE - Ready To Bounce HDFCLIFE
Buy-Above 530
Sl-500
T-563 600 650+
A short term bounce can be seen above 530. The stock ha been in a decline phase since Sep 2021. Sl will be last swing low near 500.
NSE:HDFC trading @ ResistanceNSE:HDFC
#NSE:HDFC trading bullish and locked upper circuit, breaking the circuit may result good moves.
Levels marked for practice.
Happy LEarning.
HDFC breaking outHDFC has closed above the long respected descending trend line.
The stock can give a bullish momentum in the next trading day as the volumes are higher than the previous closing days.
On Thursday, the stock has closed above the trend line and can travel up to the target level of 2475-80.
The stock has broken over a resistance level after approx 2 months.
Support levels :- 2364, 2300
Resistance levels :- 2480, 256.
HDFC - Important support/resistance levelsKey highlights:
- Marked out a few important horizontal S/R levels, demand zone in order to give a better idea to the new learners.
- Do not trade in between the levels, always trade level-to-level.
- Demand zone: 1910-2090
- Weekly flip level: 1550
- Daily flip level: 2365
- Lower Demand zone: 1623-1738
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
HDFC Bank ready for the uptrend!🤩💸🔥Buy HDFC Bank for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
.
💡Bank’s strategic and execution focus to effectively implement project Future Ready will start yielding results, particularly in the following domains:
1) Newly identified growth engines of MSME and rural banking
2) digital marketing as another key delivery channel
3) expanding presence in semi-urban and rural markets
4) creating a new digital factory to foster innovation
5) putting in place the right talent and further strengthening its core functions to drive the project.
.
Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q3 result.
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
.
LIKE, COMMENT & SHARE 😄😄😄
#HDFCBANK INTRADAY KING TRADE# We make only profit
#We Achieve All Level
#TCS #BANKNIFTY #NIFTY #RELIANCE #INFY #HDFCBANK
Hdfc Life insurance Buy target @517 Hdfc life insurance after correction of 35 % the stock shows pull back a 10% target can be seen. buy at cmp
NSE:HDFCBANK trading @ resistance, levels marked !!NSE:HDFCBANK
#NSE:HDFCBANK reached to support and bouncing, potential levels marked on chart.
Levels shared Everyday for learning, can be reached to me for any clarifications.
Happy LEarning
HDFC WAVE STRUCTURE ( INVESTMENT PICK )HDFC is looking good for investment purpose as per waves analysis.
First price should give breakout above current 0-X Trendline.
Wave structure says everything, Let price say something aligned with it, then its confirmed Investment pick.
Overall structure can be unfold as below
Unfolded waves structure
let price breakout this line
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
HDFC bank simple candlestick patternHdfc bank on a daily timeframe has formed a bullish engulfing pattern with volume confirmation.
It is the basic candlestick pattern with shows the reversal in trend.
Support:- 1300(round number)
resistance:- 1327, 1357
The pattern is bullish.
Trade only when the price sustains above 1327.
WaveTalks-HDFC- The Connecting Moves (Wave Analysis)Short Video Outlook on HDFC
-------------------------
22nd Jan 2022
-------------------------
-------------------------------------------------------------------------------------------------------------------------------
4th July 2021 - HDFC - WaveTalks -Pattern /Patience & Penultimate Correction which was Wave 4 Triangle.
------------------------------------------------------------------------------------------------------------------------------
----------------------
Expectation
----------------------
Wave 5 Expected Post Penultimate Wave - Targets achieved 2650 / above 2777 - 2900+
----------------------
Outcome
----------------------
Achieved - Wave 5 Topped at 3021 Highs in Nov 2021
----------------------------------------------------------------------------------------
9th Nov 2021 - HDFC -Wave 5 - What it could be unfolding ?
---------------------------------------------------------------------------------------
-----------------------
Expectation
-----------------------
Some kind of Topping Out Pattern Ending Wave 5 & The Impulsive Sequence Starting from 1473 Lows in March 2020
-----------------------
Outcome
-----------------------
Topping Out Pattern in Wave 5 Unfolded as Ending Diagonal & Topped at 3021 Highs in Nov 2021
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------
What Next ?
-----------------------
Ongoing Corrections unfolding. 2540 could be a possible short term support as it unfolds
Piercing Candlestick Pattern - Reversal Pattern
Rising Trendline Supports
Few days of possible upside moves can be expected next as India has Budget 2022 & Break below 2541 can make stock slip & retest 2380-2400 support zone. Getting upside bounce from 2541 -partial targets to be booked at 2650 & 2750
Thanks & Have A Lovely Weekend
LONG ON HDFC WHEN IT TOUCHES 80 SMA (M)Whenever HDFC has crashed in the past or deep corrected, it has always taken support on 80SMA on monthly charts. A great opportunity to buy HDFC.
