HDFC quick profit HDFC has finally broken out of the resistance zone after forming a beautiful golden cross as well as a flag and pole break pattern. Support has been provided by trendline
A limit order above the resistance zone and a target of 1589 is a high probability trade.
Tight Stop loss below recent candle low.
Keep It Simple
HDFCBANK
HDFC Bank Intraday Setup for 13th SeptHi Guys,
HDFC Bank made triangle pattern.
Either side breakout can give you good return.
Support and resistance marked by trend line.
You can take intraday position as per your analysis.
Note - Please do proper analysis and maintain strict SL before taking any trade.
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Thanks!!
HDFC GOOD TO SHORT NSE:HDFC
Good to keep on the radar as it will help to decide market direction
Always respect SL & position sizing
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Trade Secrets By Pratik
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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 take on basis of our research.
HDFC BANKWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
HDFC retest Range 2376 to 2290HDFC retest Range 2376 to 2290
Wave 4: Wave four is typically clearly corrective.
Prices may meander sideways for an extended period.
And wave four typically retraces less than 38.2% of wave three.
Volume is well below that of wave three.
Chandresh_T