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
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.
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...
HDFC BANK major support zones for investment. one can accumulate in dips for long term investment.
HDFC bank looking if market negative Today all global market and news are negative So we choose a direction as per market move
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.
Few days it breaks a important level rapidly, so its retracement time.
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.
HDFC is bullish and at flag and pole, it may be a good buy after breakout
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
What a spirited performance by NSE:BANKNIFTY today! Mega gap up opening at 42163 breaking the all time highs and a perfectly strong buy day today. The attempt to close the gap was short-lived when BN took support at 41929 (The swing high of the last few sessions). This was quite expected after the mega US rally yesterday, SP:SPX up 5.5%, NASDAQ:NDX up...
Head and shoulders formed in 15 min timeframe. There is more possibility for bullish. For conservative entry wait untill 1410 and then go for entry. If you aggressive go after 1380.