The HDFC Bank extended decline today, after marking its biggest single-day drop since March 2020.In the last two days alone, HDFC Bank has corrected more than 12%.
This decline is fine but there's another picture to it which no one is talking about.
While there is so much panic among investors and traders but this panic can be a good investment...
For short term investment ;
Leave a " Like If you agree ".👍
.
Wait for small retracement & daily candle to close above - "1650".
Trade carefully untill ENTRY level.
.
Entry: 1655 / 1640
target: 1675- 1700- 1750
sl: 1640 / 1630
major stoploss/ support: 1600
.
.
Enter only if market Breaks
"Yellow box" mentioned.
.
.
Don't make complicated trade...
HDFC bank trading in its upper range 1722-1800 which always acted as resistance.
In Weekly charts Cup & Handle Pattern is complete & also given breakout above 1722-1744 levels but as this range always acted as resistance so will wait for any correction or will buy after breakout of 1722-1800 range. Target will be 2222-2333 range. Trade with proper Risk Management...
- HDFC Bank is currently trading at 1742
- HDFC bank followed my plan exactly the way I had predicted and anticipated it to play out
- HDFC Bank is now approaching a decent supply zone where we can possibly see a reaction from 1764
- HDFC Bank has printed and pulled Indexes too once this starts to cool off market might give a sudden downturn move watch out
NSE:HDFCBANK is Looking Good to fill the gap made on daily charts with the FED giving Rate Cuts Today and the Bullish Sentiment of Banknifty Today. I won't be surprised if it tests 1800 Levels Again. Keep a Watch.
Bandhan Bank is giving reversal sign on chart, Dow theory change making Equal low to Higher Low. There is huge volume in reversal move. It may test 260 to 290 soon.
"Welcome to SkyTradingZone "
Hello Everyone 👋
Technical analysis can help identify potentially favorable conditions for a transaction. It can be used to spot trends in an asset's price over a set period of time.
Here's some other information about HDFC Bank:
Support and resistance
According to Invest tech , HDFC Bank has support at 1600 rupees and...
HDFC Life Insurance view for Intraday 9th September #HDFCLIFE
Buying may witness above 745
Support area 732. Below ignoring buying momentum for intraday
Selling may witness below 732
Resistance area 745Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
"Welcome to SkyTradingZone "
Hello Everyone 👋
Support Levels:
First Support: 1,620
Second Support: 1,600
Third Support: 1,580
Resistance Levels:
First Resistance: 1,650
Second Resistance: 1,670
Third Resistance: 1,690
- HDFC is currently trading at 1636
- HDFC is setting up and trying to build a base on a 4h TF
- HDFC is setting up a fair range for buyers and sellers according to this base that's what it signifies
- HDFC can take out Sell Side Liquidity before moving up to trap breakout buyers and fomo longs
- Manage risk total risk on this setup is 2% so just manage risk...
"Welcome to SkyTradingZone "
Hello Everyone 👋
HDFC Bank (HDFCBANK) on the 2-hour timeframe:
Support Levels:
First Support: 1,620
Second Support: 1,600
Third Support: 1,580
Resistance Levels:
First Resistance: 1,650
Second Resistance: 1,670
Third Resistance: 1,690
