Hdfcbankanalysis
HDFC BANK SETUPhello everyone
Today Hdfc bank has given breakout.
ascending tringle
If hdfc bank sustain above 1520 then could be good swing trade target 1561 and 1590 .
Stop loss : 1510
HDFC Bank - Moving in consolidation channel. Breakout soon! Key Highlights:
1. Potential change in MS underway
2. Descending broadening wedge pattern
3. Trendline breakout
4. Consolidating in parallel channel
5. Ripe for the next impulsive move
6. Target: 1561, 1635
7. Stop loss: 1455
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Intraday levels - 30 June 2021 - Priceaction analysis
- Supertrend strategy
- Mark important levels same as in your chart
Intraday levels - 29 June 2021 Rising channel pattern taking support on trend line , important levels marked in chart .
HDFC BANK LONGHDFC BANK!
Largest Private bank in India and I personally love its stock keep this stock in your portfolio.
It is respecting its pre covid trendline!
Target and SL marked in pink
HDFC : LOOKING FOR BUYING THIS IS MY ANALYSIS, PLEASE CONSIDER YOUR RISK MANAGEMENT BEFORE TAKING ANY TRADE ON THIS.
REASONS:
TF: W
TREND LINE RESISTANCE BROKEN AND RETESTED
CLOSED NEARLY AT RESISTANCE.
EXPECTING FLAG BREAKOUT UPSIDE
Intraday levels - 25 June 2021 Important support line follow priceaction , important levels marked in chart
HDFC BANK1)We can also bet on (29 JUL 2021 1500CE) for 20-50% returns in next week
-------------------------POSITIVES--------------------------
1) More than 2 week consolidation
2) Volumes are not dry
3) Todays action in such a patchy market shows strength, holding bank nifty single handedly
4) If HDFC BANK will go up then Bank Nifty will also go up
5) Volumes are greater than yesterday
6) It's HDFC Bank
-------------------------Negatives------------------------------
1) Call writers on upper band of Bank nifty
--------------------------THANT'S ALL-------------------------
