Parallel Channel Breakout in HDFCBANK For 1543+ TargetSince the last couple of trading session, HDFC bank consolidates in the parallel channel after an uptrend. If HDFCBANK trading above 1445 then can go long for a target of 1543+.
Hdfcbankanalysis
HDFC Buy above 1445, HDFC Bank has been underperforming BankNifty and even Nifty for some time, it has a big weightage on both the indices.
Moving in a small range of 40 Rs (1412-1442) for the past few days.
Wait for break-out above 1445 to enter on the long side, use 1426 or 1412 as stops depending on your risk appetite.
Consider a low-risk bull spread utilising 1420-1480 strikes.
HDFCBANK - LONG=> HDFCBANK is forming flag pattern and ready for breakout.
=> Buy HDFCBANK above 1450, for target of 1500 to 1520.
=> If reverse from current rate then can buy at strong support 1350/1400
=> Timeframe 1 to 2 months.
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HDFCBANKQ3 view
In Jan can be seen at 1410-1400 Support if breaks possibly to 20-35 points more.
After taking support it will way back to near resistance at 1442 if breaks then good upside as per marked line
hdfcbank bullish view- if price break the resistance of 1441-1443 then we can see massive breakout for the level of 1500-1530-1550 in couplle of trading session.
Bearish view - If price unable to break the level of 1440 then reversal can possible for the next support which is 1405-1400.
#breakout #hdfcamcBO Above 2840
Looking for Target of 3400++ ATH
Will Exit If goes below 2600 NSE:HDFCAMC "NSE:HDFCAMC"]NSE:HDFCAMC
hdfcbank Hey all, as we can see i draw meaningful trendline and arrows which is indicating the upcoming moves of hdfcbank stock price. understand the chart and chase the moment.
HDFC Bank - if 1372 breaches, 1320 is the next target.1372 is 20 DEMA, should hold, if it breaches 1321 (Kijun on daily charts) is the next target.
I'll consider it weak unless 1414 is exceeded on a closing basis.
thats how i traded HDFC BANK, through proper Price Action this chart is fully loaded with proper price action not with any indicator
if you have any doubts you can directly text me
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thanks
have a profitable week a head
Hdfc at critical resistance Hdfc may further extend its bullish move as it is in a continuous uptrend and now at a resistance level .
Note only trade if it consolidate there and give a breakout or confirmation. keep tight SL
HDFC Bank Trade Plan for 18 NovemberLike Banknifty , HDFC bank gave clear breakout on the upside on 17th Nov . Now bulls are in control and hdfc bank is ready to go higher for ATH. Below are the trade plans for 18th nov.
1. One should be holding HDFCBank for positionally long for target open with SL 1389.
2. 1374 should act as a good support now. Any moves towards 1374 is a long opportunity with SL of 1360 for target of 1389/1405/new ATH . This can be positional trade as well.
2. 1374 is now composite profile POC .
3. Go short only if 1353 breaks with SL of 1360 for 1342/1328/1309.
As HDFC bank is near All time high, i would never suggest you to take short trade. However these levels can be used for finding support in BankNifty as HDFCbank is major constituent in BankNifty .
If you guys like the idea, please give a Thumbs up to motivate me. Also Please share your thoughts in comments as well.
HDFC Bank Trade Plan for 17 NovemberLike Banknifty and ICICI bank, HDFC bank gave a fake breakout on the downside on 13th Nov by breaking below 1360 level. Now bulls are in control and hdfc bank is ready to go up again. Below are the trade plans for 17th nov.
1. 1360 should act as a good support now. Any moves towards 1360 is a long opportunity with SL of 1353 for target of 1374/1389/1405/new ATH. This can be positional trade as well.
2. 1374 is now composite profile POC.
3. Go short only if 1353 breaks with SL of 1360 for 1342/1328/1309. As HDFC bank is near All time high, i would never suggest you to take this short trade. However these levels can be used for finding support in BankNifty as HDFCbank is major constituent in BankNifty.
If you guys like the idea, please give a Thumbs up to motivate me. Also Please share your thoughts in comments as well.
HDFC_BANK L0NG | 45 MINSThe Graph is moving towards making an Ascending Triangle.
There is also a small base formed . The graph might rise up from this base making a Rally-Base-Rally pattern.
Its a good opportunity to go long.
HDFC Bank - nearing 52 week highNote: This is for educational purpose only.
HDFC Bank is nearing 52 week high with surge in volumes. If the price move above the 52 week high, there will be a new high.
HDFC Bank Trade Plan for 05 NovemberHDFC Bank played according to plan shared on November 4. At closing, HDFC bank gave clear breakout from 1250 level. Now this level will give as support for further up move. Plans for 5th November almost remains same as 4th November. Below are the plans for 5th November.
1. Any dip towards 1250 is a buy for HDFC bank. Go long with SL of 1242 for target of 1270/1300/New ATH .
2. Go long aggressively above November 4th High i.e 1260 with SL of 1245. Targets can be same as in point 1.
3. Shorts should be triggered only below 1235 with SL of 1245 for target of 1222.
