#HDFCBANK Support and Resistance it seem that HDFBANK ready to move up
Hello there everyone, This is my view related to hdfc bank hitting 52w low. You'll get clarity about what to do with the stock Buy/Hold or Sell!!
Hdfc Bank has fallen, it can be a good buy around 1345-1355 for 1440 and above targets
NSE:HDFCLIFE Guys start buying hdfc life but be very careful and take positions little by little. Like if I have to invest 100 rupees in the stock I would take a position of 10 rupees(if brave enough take a position of 25 rupees) now and increase it strategically. The stock currently trades at a P/E of 90+ so we may have further corrections but a great time to...
Keep your money in your pocket to buy this bull, I'm the next bull market it will give us a zigzag return There is a high probability that today it will touch to the support level buy in small qualities. 🍻🍻Cheers🍻🍻
As discussed in Last Analysis Below 36878 low weak done all levels on downside 36451/35760/35068 Achieved. Falcon Analytics Outlook Bank Nifty for the week (Feb 28 – Mar4) Technically on the daily charts we see major support on the downside for BankNifty index lies at 35322 levels, whereas major resistance on the upside is capped around 37662 ...
This is a new nomenclature, a pattern by me. A Bird Pattern. Whenever you see a bird in the charts, its an indication that scrip is about to fly. Though there are other technical reasons for scrip to go up, but this looked nice to share with community. Expect 20-26% upside movement. Highly bullish.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets...
Hdfc bank was unable to break 5 month descending trend line and was forming a symmetrical triangle this week. Today it has given a breakout and has closed above the descending trend line. If the markets are range bound, we can expect a descent returns of 6-8%.
Trend line is tested many time so it is expected that it may break this time you need to keep your sl small so that to gain more reward.
15 Min chart > Bank nifty is near multiple support levels > W pattern breakout may come Disclaimer : 1. This analysis is for educational purpose only. 2. Keep an eye on global market as well, trade as per market condition.
HDFC BANK with its Downtrend Failed to Form Lower Low which is one sign it will reverse and get into Uptrend, However the same has been confirmed on MacD as there is clear Divergance. Target and stop loss drawn. SL can be moved as per market Volatility. Enter only after Trend line on upside Brakes. NSE:HDFCBANK
#HDFCBANK Buy-Above 1500 Sl-1470 T- 1580 1615 1690 All NIFTY pack is ready for a fresh move. Reliance Titan HDFC Bank And many stocks are ready to pull Index. RR is too good here.
HDFC BANK is in consolidation for a long time and the symmetrical triangle pattern at 200 EMA shows that accumulation is in place. We can plan our further trades on the upside if Symmetrical triangles boundaries gets breached with volumes. Disc: Chart posted only for educational purpose.
HDFC Bank is on the verge of breaking out the trendline and looks good buy if sustains above 1525 for the upper marked targets on the chart. Note: Would recommend you keep low qty as the Russia Ukraine issue is causing high volatility in markets. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
HDFC - may start on a gap down tomorrow and if goes below 1500 - it may go beyond and test 1440 levels Note - this is just for educational purpose , don’t trade on basis of this analysis
NSE:HDFCBANK #NSE:HDFCBANK bouncing from the same support and created new support and resistance, Both marked on chart. Trade accordingly, Still got any doubts can ping me.
HDFC - Forming a classic double top. A breakout below 2365 will complete double top which could send the stock down substantially