NSE:HDFCBANK
Inverse Head & Shoulder under formation whose BO neckline is at 1510
Triple Bottom on Weekly Chart made on multi-year support line
CMP @1450 is bouncing from Short Term EMAs. Upside from CMP ~35%
Based on Fibonacci Next Tgts : 1558 - 1720 - 1980
SL : 1260
Time Frame : 3 to 12 Months
For Learning Purpose
Chaukhambha_Charts
Hdfc bank is moving within a parallel channel between 1590 and 1640 , Buy HDFCBANK above 1640 or Sell HDFCBANK below 1590 , both on daily closing basis . Same with stoploss , if buying then SL 1630 on daily closing basis , if selling then SL 1600 on daily closing basis . Currently wait for breakout or breakdown
NSE:HDFCBANK
Good to keep on the radar
Always respect SL & position sizing
========================
Trade Secrets By Pratik
========================
Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you...
Today is the FINNIFTY expiry. It has been in a tight range, if it breaks, it may give a good move.
TATA POWER and TECHM analysis for break out.
Keep these on your watchlist.
Happy trading. If this helped you, share in the comment.
I am not SEBI registered. Kindly take your own trades.
HDFC BANK gave a breakout above 1604 of a falling trendline , can initiate long positions with a very small stoploss of 1599 which is almost 0.2% .. It has a huge potential with a small risk
Weekly time frame:
We have seen a simple correction in wave 2 & a complex one in wave 4 (alteration looks perfect)
Now, it looks like we are in wave 5.
I am into this since 1550 and with TSL protection.
As BankNifty Continusally trading in Range from few days,chances of trending market may possible,if banknifty slips below 42200 ,go for Short with last swing as Stoploss. On upper Side also Banknifty facing resistance so if price get rejection from upper area as shown in chart then try 1/3rd quantity for sell and remaining add when it start to trade below 42200.
HDFC BANK POSTED GOOD RESULTS IN Q2,
CMP 1438
MANAGEMENT POSITIVE ABOUT THEIR UPCOMING NUMBERS,
ALSO, They are going To Establish 500 new branches,
Technicals: RSI showing divergence,
200 DMA support at 1436
my view it will give good returns in short term to 1496
sl is last low 1387 on closing basis
& long term also
HDFC BANK POSTED GOOD RESULTS IN Q2,
CMP 1438
MANAGEMENT POSITIVE ABOUT THEIR UPCOMING NUMBERS,
ALSO, They are going To Establish 500 new branches,
Technicals: RSI showing divergence,
200 DMA support at 1436
my view it will give good returns in short term to 1496
sl is last low 1387 on closing basis
& long term also
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.
NSE:HDFCBANK
Good to keep on the radar
Always respect SL & position sizing
========================
Trade Secrets By Pratik
========================
Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you...
As I posted yesterday, we are now witnessing the breakout of the flag pattern formed in the hourly timeframe. Once we see price sustaining above the yesterday's high with good volumes, we can see the levels of 1730 to 1740 in HDFC Bank.
Flag chart pattern in HDFC bank chart on hourly candles. The target is generally the length of the flag. We have seen the necessary consolidation also played out in it. Go long for decent profits. Stop Loss should be ideally below the low of the consolidation pattern.
