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
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.
HDFC Bank getting ready for Breakout
It has formed Narrow range of last 8 sessions and Inside bar candles in last 3 sessions
Making LH - LH structure
Consolidating above last 88 days support zone and sustaining after dynamic resistance (trendline) breakout and formed NR7
If Breakout above 1468 and sustained can go long with SL 1445 and momentum targets of...
HDFC Bank has given a good bullish move in 2nd half today, I expect further bullishness. There are total 3 scenarios that can happen:
Scenario 1 : Open above 1529 & retest of this level, buy if the level holds & market shows bullish momentum.
Scenario 2 : Price comes down to the first demand zone between 1505-1510 & shows bullish momentum then buy for a min...
Important Trendline Breached & Gap has been filled today, Volume wise I can see strength,
Important day for tomorrow. I Will wait for the follow-up candle Then then take action...
Volume & OI is important as always...
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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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...
HDFC breakout trade possible above - 1475
first target -1479
second target - 1484 and
third target - 1494
SL - 1471
Note - Before taking trade do your analysis,
Trade with strict SL and manage your risk.
Stock Name - Hdfc Bank Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1465
#This is not Buy and Sell recommendation to any one. This is for education...
hdfc bank; weekly time frame clear doule bottom breakout; daily time frame clear breakout & sustaining over it : kabhi bhi blast ho skta hai; easy 20 percent; all banks rallies except this share; dont run after penny & momentum stocks; hold it for 3 months for easy gains;
HDFC Bank has made a double bottom on weekly time-frame, and has also given a break-out. The stock is taking support from 200EMA of daily time-frame, you can go long once you see a good bullish candle on 1D time-frame. It could be a long-term swing trade (Positional Trade). Suggested targets 1480Rs, 1511Rs. You can also make this as an investment opportunity...