The stock has broken out of an upward sloping triangle with good volumes.
The shooting star at trendline and bollinger band resistance is followed by a red candle will lead to a pullback to the breakout resistance (now support) giving us an opportunity to buy.
The RSI's overbought signal indicates the same.
A very great stock, also considering the pressure on PSU...
Hello traders
Since the stock has broken an important trendline and trading below the 55 EMA some correction might follow. Watch for a short opportunity in the 1480-85 zone with SL above 1495 for the target of 1457 and 1444.
Trade safe
Hit like if you agree with the idea
Regards
Afraidtotrade
Presents a great trade here. In the next week stock is likely to see a pullback to the 1320 levels as confirmed by the oversold indicators and bearish harami on the weekly charts. Also given its sharp run up a pull back is in the offing.
Any dips below 1330 is a great opportunity to buy. There is a slight resistance at 1320 levels also. So this week good shorting...
HDFC Looks tightly Range bound from few days
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
HDFCBANK is making lifetime highs and is expected to go up further.
Everything marked on chart.
There's no chart above this, so target; you could set according to risk:reward.
Here, CMP = 1309
SL - 1277-1293 = (16-32 points)
Target - at least, 50 points for positional / 32 points for intraday.
In the last 24 months HDFC bank has consistently outperformed the NIFTY and in the last 18 months it's given better results that the BSE:BANK. In the short term the stock has shown side wards movement between 1150 and 1320 levels. Currently the price is in the whereabouts of 1200. The scrip has posted good quarterly results and CAGR on sales and profits YoY are...
To invest in a good stock, sometimes a simple trend line or trend channel is sufficient to identify an entry point. HDFC Bank stock has been in an uptrend since year 2009. The stock has been correcting from 1310 levels and is nearing first key support at 1120. Lower long term support is at 920. Looking at the prior trend, entry at 1120 looks tempting. Start investing :)
HDFC Bank has been trading in down trend and trading in bearish channel, it saw some gain on wednesday but closed on week sign, it has touched channel resistance and may target the channel support.traders may enter short at slight higher price with a target of 1170 first target, if breaks this level next around 1125-1130 the crucial 50% fibo level.
HDFC Bank after breaking up trend has been trading in bearish channel from several week, in spite of breakout it could not sustain the trend reversal and turned false breakout and today closed within the bearish channel again. now it is again in the same bearish format, traders may short at CMP with a target of around 1195-1192 as its channel support and look for...
It is been observed that the price action forming a Bearish Bat Pattern on hourly chart along with Bearish Pin-Bar pattern, indicating short weakness ahead.
Target: 1400
Target: 1382
Stoploss: 1440
After trending channel breakout, the price action has got into expanding triangle. It shall breaks down towards previous resistance area and confirm it with new support levels.
Target: 1205-1200
SL: 1250
