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
HDFC BANK LONG After time correction ready for upmove. Target - 1680 - 1745
I used Venus planet to predict the market movement in time this chart is only based on time if date come in holidays we have to take before or after trading days This is not a Buy and Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose only
I don't need to tell you...Banknifty has underperformed since the pandemic. But now its looking like hdfc bank is in its cusp of make or break zone. It is worth to add this bank to your watchlist.
#HDFC Buy- 2550-2590 Sl-2440 T- 2800 2955 RR is good here. Firstly the stock has fallen from 300 levels. Time for a pullback. This is aggressive buy. As trendline has not been broken. Safe traders can buy after trendline breakout.
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...
Description : HDFC Bank at lower levels following support area and a trendline zone as well. Support Area : Support at 1420-1450 Resistance Area : Resistance at 1550-1575 if broke above it then 1675-1700 Zone to watch for.