Hdfcbankanalysis
HDFCBank : BULL run for ATH ? HDFCBank
> Hourly Chart
> Descending channel BO
> CMP 1497.30
> Support 1425
> May go 1565, 1628, 1702,1900+
Dtd : 22nd May TheCharts
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
HDFCBANK UPSIDE TRENDLINE BREAKI THINK HDFCBANK WILL GO UP FROM HERE AS THE FINANCIAL SECTOR WILL BULLISH FROM NEXT WEEK OR HDFCBANK HAS GIVEN A TRENDLINE BREAKOUT ON THE 1 DAY CHART.
AND WITH THE SUPPORT OF 20 EXPONENTIAL MOVING AVERAGE HAS GONE TO THE UPDISE.
SO MY TARGET IS = 1524.63 , 1635.00 , 1741.56
A beautiful move by the big bank | My trade reviews #3See old trade charts of mine to compare what I needed for this breakout and how things turned out on our side :)
Now it is resting on the gapper support we have there + trendline too soo seems quite bullish to trade on with a small risk a good bullish candle tomorrow = trade on a daily close above 1500 round lvl = biggi break for further upside for this month ....
Happy trading :)
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HDFC BANK #Episode1 ( Strong support zones )Hdfc bank Broken and retested the heavy support zone which was a good resistance ,,,, pre covid ...
Only long ideas here for positional purposes .... if it breaks the white trend line with good momentum indicators showing no divergence . + bnk nifty should be Green ( that's a must)..... go long on 30min
HDFC Bank not able to get expel from hand of Bear The current situation is not able to generate thrust and not able to break the upper trend line,as soon as the candle touch it huge shorting position appear derivative segment is also indicating short position view for a while as today it touches line and added a bearish candle with 1 more in progress , so short it
HDFC Bank is at trend line and support zoneLogic
1) Stock taking exact support at trend line.
2) If stock weekly closing happened with a reversal candlestick pattern then stock may touch new highs, because stock is in an upstrend.
3)The support zone can easily be visible.
I am slightly biased having a bullish view.