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Hdfcbankanalysis

Will HDFCBANK lead BANKNIFTY back up to 38000?HDFCBANK and BANKNIFTY are in a very interesting position. HDFCBANK has formed a nice continuation candle right at the 20 EMA after a pullback on the weekly timeframe. HDFCBANK has been in a nice uptrend, continuously making higher highs and higher lows. If it continues the up swing, it could carry BANKNIFTY with it back up to 38000. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 30 minutes. LONG ABOVE : 1525 STOP LOSS : 1459 TARGET 1 : 1585 TARGET 2 : 1648
NSE:HDFCBANKLong
by Tradeception_
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.
NSE:HDFCBANKLong
by johntradingwick
4
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-------------------------
NSE:HDFCBANKLong
by FERMIANISH