EXPLANATION : This is a 30 min time frame chart of HDFCBANK . It has been in a consolidate for days and has formed triple top pattern . If give a strong breakdown and broke its Demand zone with high volumes and retest the same , I am bearish on HDFCBANK . If taken support from Demand zone , I am bullish on HDFCBANK . Enter as per your setup .
If you like the...
HDFC (Closing Price: 2896.15)
According to Elliott Wave theory, HDFC stock price will keep drilling upward. And we may see Housing Development Fin price at the following levels: 2986 - 3049 - 3153. But intraday traders should worry about the support trendline of the parallel channel because HDFC price may try to retest the support trendline before the trend continuation.
HDFC BANK has formed a Triangle breakout in 1Hr tf and has confirmed long entry and is expected to give long target of 1764.(approx)
P.S : Also expect a big move in nifty bank index
Also check out my other Ideas and support me :)
Trend suggestt some bit upward move with Retracement which may take long time to give upside boost.
Expecting that upside 2750-2780 levels can give Supply presure for downfall upto 2405 levels in short range.
Everything mentioned in chart with Trend.
{Views are only for Educational Purpose.}
This was recommended at the bottom when it was getting corrected, when no was even looking at it.
Now as it has crossed the expected mentioned targets and the wave is confirmed, the new targets are 1712-1787.The link for the old study is given above & below. Please follow through.
Chart &...
Awaiting a breakout soon.
A Darvas Box formed (good consolidation)
It can also be seen as a Pole Flag.
Moving averages have been supporting the stock well.
MACD crossover has been made.
HDFC bank has just given a breakout from it's double bottom pattern. But volume and Rsi indicates lower strength so we might se pullback tomorrow and that should be taken as an opportunity to enter in this golden stock
Buy at 1645-1650
Targets 1700,1780
SL 1600
Long term 1800 2000
(No SL)
HDFC bank is one the most fundamentally strong company and with its...
HDFCBANK one of the largest constituents of the market index is at the edge of a potential big breakout if it works out.
There is a rounding pattern formed and it already has cleared the previous 1641 resistance and is at all time high but just need
a green candle close above for confirmation. The Fibonacci extension levels indicates 1800 levels possible even if...
NIFTY 50 EOD ANALYSIS 25-10-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 18229.50
H 18241.40
L 17968.50
C 18125.40
EOD - +10 points /-0.06%
India VIX = 17.61 /...
HDFC BANK - OPTIONS STRATEGY EXECUTED IN MY ACCOUNT --OUTCOME
Lessons:
Even though the max loss was only 4500, I ended up registering almost 4 times the loss.
This indicates that there is no fixed risk thing in trading especially when exiting a trade is an issue.
My view on the scrip and the Bull CE spread was a hit as HDFC Bank hit a high of 1725 on...
While this mad bull rally is on, while I am youtubing every single market crash video periodically, it doesn't hurt to think or a moment with the trend.
So, what I observed every expiry, Nifty chart watching is a waste of time. Just Watch both Reliance and HDFCBANK on split screen. If either of them is giving a large move, that’s Nifty's expiry. So much a 10% can...
HDFC Bank spot CMP :- 1687
Elliot wave + Harmonic + Chart patterns + Price action.
Time Frame : Daily
Chart Patterns :- Rising contracting wedge formation on larger scale, with demand line around 1590-1600 levels, act as good support for the counter and supply line around 1800-1830 which would act as strong resistance levels,,
Symmetrical triangle formation (...
HDFCBANK after consolidating for over an year and now breaking out after forming a cup & handle pattern .
Charts can't be much clearer than this .
Good investment bet for targets 1800-1900 in coming months .
Cheers
Follow @piyushrawtani for more!
