HDFC First Form Perfect Rectangle and After we Clearly see its in Parallel Channel Pattern Along with Breaking Rectangle in Lower level and now Facing Major Resistance at Upper Levels
After Seeing in To Volume or Market trend I dont Think it survive or BreakOut the Resitance
Hdfc bank is about to form harmonic ABCD pattern above 1730 and a must buy from these levels Go long for 6 months to 1 year target of 2000/2233 if corrected to 1580-1550 levels add more.
HDFC BANK
Gaps are areas on a chart where the price of a stock (or another financial instrument) moves sharply up or down, with little or no trading in between. As a result, the asset's chart shows a gap in the normal price pattern. The enterprising trader can interpret and exploit these gaps for profit.
Important Trendline Breached & Gap has been filled today, Volume wise I can see strength,
Important day for tomorrow. I Will wait for the follow-up candle Then then take action...
Volume & OI is important as always...
As can be seen from the above analysis
1) The price if taking support from 200 days EMA.
2) Stock is currently taking strong support through trendline as well as previos resistance point.
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
We have to neutral now : Wait for our price to breach out.
15 min candle should be our priority.
HDFC is falling at a rapid pace for the time being. However, as mentioned on the chart, the RSI at 4H TF is trying to tell a different story.
The volume delivery for the last week is trending at ~65% for both the instruments which infers to increasing interest levels on the buy side
The Twins needs to be on watchlist and wait for a reversal confirmation.
this...
HDFC
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...
HDFC 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.
...
#HDFC
Buy- 2550-2590
Sl-2440
T- 2800 2955
RR is good here. Firstly the stock has fallen from 300 levels. Time for a pullback. This is aggressive buy. As trendline has not been broken. Safe traders can buy after trendline breakout.
share name : hdfc amc
call type : poistional
- high of 3360 is acting as a huge res.
- range formation
- inside candle can be seen on bottom
- ab=cd forming
we can initate a buying at price - 2720 with sl 2600
approchable target 3962
thanks
If 1560 level Breaks then HDFC bank will fall up to Support level 1530 We cam keep it as 1st TGT & fail to take Support @ 1530 then the 2nd TGT is 1490.
>Support will Become Resistance and Resistance will become Support once the level Breaks.
*Always Enter With good confirmation & Maintain proper Risk Reward.
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