Black Friday saleUp to 70% OFF

HDFCBANK

Simple Trade Setup |HDFC BANK | 03-02-2022 [INTRADAY]NSE:HDFCBANK Again selecting the same stock for tomorrow as well. Observations: 1) On 1 day time frame, It gave breakout of the resistance channel. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 03-02-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HDFCBANK
by Trading_hawk
Simple Trade Setup | HDFCBANK | 02-02-2022 [INTRADAY]NSE:HDFCBANK Observations: 1) On 15min time frame, we can see it has been rejecting from the resistance channel and also it is having immediate resistance at 1500 level. Breakout of it can give easy 20 points up move and can also give another 20 points till 1540 level. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for 02-02-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HDFCBANK
by Trading_hawk
2
HDFC Bank - Looking good for a swing tradeKey highlights: 1. Bounced off 2 day demand zone 2. Closed just above 200 MA 3. Sitting at 0.5 Fibonacci level 4. Potential formation of Inverse Head and Shoulders pattern 5. Psychological level of 1500 Disclaimer :  This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) NSE Certified Technical & Fundamental Analyst
NSE:HDFCBANKLong
by johntradingwick
6
HDFC bank Inverse H&S formationHello traders, I hope you are doing well The setup that I can find in hdfcbank is clearly explained above in the chart. Specific details for the chart explanation The inverse head and shoulder pattern has not yet been completed. The breakout also requires to break the supply zone near 1500 levels. Stock has retraced back to 78.6% from the last swing high. Stock gave a breakout of a steep declining trendline of 40 degree angle 200 ma acting as support. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:HDFCBANKLong
by this_is_shoaib
2