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Hdfcbankanalysis

HDFC BUY ZONE || 5% UPSIDE || CHANNEL + SUPPORT ZONE1. We started with a Daily Time Frame to check the trend ! Upside. 2. We switched to 4H time frame to find a channel pattern forming. 3. We switched down to 2H and 1H time frame to plot the support and resistance zones. 4. On hourly time frame we also got confirmation on RSI chart which shows an oversold zone. 5. We found that the current zone is the retest on channel resistance along with old resistance zone on Hourly chart. Also, we can see some long wicks forming on the lower side which means buyers are indeed active here & can be a good zone to buy for a good 5% move in a swing trade. ---------- Hi reader/trader ! The trade is posted here to make us all self-efficient and learn from our mistakes instead of learning from a trading paid course.No matter if we are in loss or profit, I promise to keep my loss short and trail the profits. Thanks for going through the analysis! Don't forget to hit that like button.
HLong
by Abhishek_TradersSin
HdfcBank - Channel pattern - at support Price gently trading inside a raising channel takes 3 times support and 2 times resistance from the channel top and bottom. Price is about to takes support once again from the pattern and if it is unable to break the resistance inside the channel then one can expect a fall. If you find my analysis helpful . . . . . Please show your support by hitting 👍 LIKE button, Your Support is very much 🙏 appreciated! You can comment any of the script, I will analyze technically and post it for you. No Buy or Sell calls strictly :)
NSE:HDFCBANK
by Tradersasi23