HDFC BANKENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
HDFCBANK
BankNifty RSI Bearish DivergenceObserving the BankNifty price chart, we can see that the price is making higher highs while the RSI is making lower highs, indicating a clear sign of RSI bearish divergence.
Entry:
To capitalise on this bearish signal, we can consider going short once the close of a strong bearish candle is below the weak support level marked on the chart.
Stoploss:
To manage our risk, we can place a stoploss above the weak support level.
Target:
Our profit target can be set near the next strong support zone marked on the chart.
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HDFC BANK UPSIDE /DOWNSIDE TARGET in comming days/monthHDCF failure HH. and making double top
If sustain above lower trendline it may touched upper trendline & target will be 1840
Note: HDFC bank break out lower trendline & it make comes at 1542-1500 level in comming days/weeks. short time may go for retest of lower trend line than will go for downside.
This is only educational purpose only
HDFC Bank trendline support & triangle patternHDFC Bank taking support at same trendline from last 1 year & making triangle pattern if give close above 1620 in coming days then can see some move in HDFC BANK.
But HDFC Bank & HDFC merger will be there in next month around 20 July if some negative news comes or selling from funds then HDFC Bank will not move in upward direction at all
DIGGAJ - HDFCBANKHDFCBANK FUT is on the verge of breaking & confirming 3 candle reversal pattern on an hourly chart with decent OI (long build up).
Could be bought only above said levels with mentioned stoploss & target.
Note:- those who trade in cash can adjust according to fut rates, for options buy 1620 ce adjust target & stoploss according to fut rates.
HDFCBANK Intraday Analysis: 14-Jun-23HDFCBANK imp zones mentioned on chart and expected direction and reversal points on chart
Buy>1613 SL: 1595
Target : 1623,1640,1675
Buy>1595 SL: 1612
Target : 1580,1560
Wait for Proper Rejection :
@Support : Bullish
@Resistance : Bearish
Any query do comment
*All views for educational purpose only
Asian Paints W PatternAsian Paints has formed W pattern on daily chart. We can take a swing trade here.
Entry:
We can go long after close of strong bullish candle near neckline of W pattern.
Target:
We can keep Target1, Target2 near the next resistance zones as marked on chart.
Stoploss:
We can keep stoploss below the neckline of W pattern.
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Keep an Eye on HDFCHDFC is now trading at an important level.
the portion marked in green box can act as a demand zone where HDFC is reversed for several times which means it may act as a strong support area.
Therefore, it is important to keep an eye on HDFC and check if it gets a bounce from here or breaks. if it breaks down the are we may see a massive fall in the indices as well a panic selling can be witnessed in HDFC.
Note: this idea is only for educational purpose.
HDFC BANK - A long tradeHDFC BANK has been consolidating for a long while near its resistance areas. This is showing that the sellers are losing their grip on the supply zone and buyers are willing to push the stock ahead and change the market structure.
The breakout has not yet happened but the signs look positive hence keep it on your radar.
Disclaimer - Please take positions as per your risk appetite and also do not put all your capital in one trade. I am not responsible for any loss or profit that comes along with the trade. Please do your due diligence as well. Just sharing my thoughts and setups as per my 4 years of experience.
Will be updating when the trade triggers and giving the Stop loss and Target areas.
HDFC BANK triple top 1725 Bearish Engulfing on Monthly ChartsHDFC Bank has reversed from 1725 third time & it has almost made a bearish engulfing candle on monthly charts could this leader be the laggard of this rally.
We are not SEBI Registered Advisors. This Chart is purely for training and educational purposes. We shall not be responsible for your profit or loss. Please confirm with your investment advisor.
INDIABULLS HOUSING FINANCEIndiabulls housing finance is buy on dips until it is trading above 100 levels , a higher low in the structure indicating bullishness , can buy on any dips towards 110 levels with SL at 90 for big targets in long term
BANKNIFTY trade setupThe banknifty index is stuck in a range from 44150 to 43500 levels , any breakout or breakdown of these levels can give a directional move in the index , on the downside expect banknifty to touch 42800 levels if the range is broken downside ,higher probability trade will be on the upside if all time highs of index ie 44150 levels gets broken , one can enter on retest for targets of 44500 and 45k in short term , personally will try to avoid shorting this bull index