BANKNIFTY : Expecting a major movement to the downsideBankNifty will reach 45,000 before a major movement to the downside. Many regional bank stocks in United States are crashing.
HDFCBANK
HDFC BANK shortHDFC bank is looking good for a short , short to medium term swing trade , with small SL just above the candle , need breakdown and price has to sustain below supports of 1670, RR looks good and banknifty looks overheated
hdfc bankhdfc down side target 1550
hdfc bank complete 5 wave upside and correction start wave a,b,c
HDFC BANK chart studyHdfc bank spot cmp 1720
Last two swing high for the counter on weekly time frame are around 1725 and 1722 levels, from where counter have faced some selling pressure .
Current price also in same supply zone, if we get weekly close above 1725 levels, and a follow through, counter can move on to new bullish zone.
If fails to move above 1725 or sustain above 1725 levels, reversal from current levels possible.
keep watch
HDFC Intraday tradeLong HDFC above 1696 after the BO of TL. Target 1700-1705 with SL 1688. BULLISH MOMENTUM IN THE STOCK.
HDFC Target HDFC create inverter head and shoulder
break out Nekline
buy signal
Disclaimer
No buy and sell recommend
Hdfc Bank Monthly ChartThe stock is trading within a triangle pattern on monthly chart.
The high is tasted multiple time and chances are high to breakout near future.
Immediate resistance is placed at 1733.
I have mentioned all the important levels in the chart.
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HDFC Bank Investors, Beware! 🚨Attached: HDFCBANK/ NIFTY 50 Weekly Chart as of 28th April 2023
The Chart above shows Potential Underperformance lies ahead for HDFC Bank. Investors are better off Avoiding/ Exiting the Stock unless they want to Underperform the Broad Market from here onwards. No alpha is to be made by Holding on/ Buying the Stock at the Current Price
This Ratio Chart points to:
- Lower Highs
- Breakdown Retest
- ABC Corrective Wave completion at 1.618
- Downtrend on this Ratio Chart likely to resume
B-nifty gives Breakout B-nifty gives Breakout of trendline. Chart also seems bullish. it may test 43000 soon.
Bulls Can Pull Back Bank Nifty reversed today from strong resistance at (42725-750 ) approx.
Check resistance marked in red sign post
Bulls may flex tomorrow as well a good Retest Entries can be made ( Marked with path tool in green )
HDFC BANK H&S PATTERNHDFC Bank form H&S pattern on daily chart, if break and sustain below 1658 it may test 1636,1616 soon
Bearish EngulfingA bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. The pattern can be important because it shows sellers have overtaken the buyers and are pushing the price more aggressively down (down candle) than the buyers were able to push it up (up candle).
Script = HDFC Bank
Time Frame = 1 Day
HDFC BANKWaiting for a daily closing above 1725....
stock got rejected thrice from it... hope this time it will break it
HDFCBANKHDFCBANK:- Cup and handle pattern has formed, wait for breakout, plan something only after breakout, till then keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
IDFC first BankIDFC first Bank trading in triangle range. It faced Major resistance 64. if correction exist it may test 35 soon as per tringle pattern.
HDFC - Short TermHarmonic - Bearish Bat formation
Need to close above 1579 and sustain for 1 hr.
Tgts - 1590 - 1603 - 1612 - 1632
Elliot Wave - Currently in C wave of subordinate ABC wave of a larger B wave. Sharp correction once C is completed.
HDFC BANK TARGETS based on current and fresh S/R LEVELSNSE:HDFCBANK can short hdfc bank till fresh support level and wait for it to be broken for further fall, best to book at fresh support and re enter short position once it gets retested as resistance , target can be last tested support area, avoid short if current resistance is broken.
Sell HDFC Bank HDFC Bank has reached monthly month resistance area once again and I do not think this bank will outperform in results....Its clear Sell in Bank Nifty and DFC Bank now
HDFC STOCK BIG BREAKOUT.Great BO with bullish candle now HDFC stock is consolidating for a while . This happens when expected for a big move calm before the storm. Stock is forming the flag pattern. Can take entry after the BO of the pattern with Good risk to reward trade.Keep the stock in your watch list. This is for your educational purpose only.
HDFC BANK case studyDemand zone as per previous swing low
CIP concept of price action
Support of ascending trend line..
Shooting StarA shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle.
Script = HDFC Bank
Time Frame = 15 min
Bank nifty run with Breakaway Gaps.Bank nifty Reversal is strong with volume. last trading session it move with breakaway gap which is sign of good up move. It may test potential resistance level 40041-41241 soon.
