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.
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.
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.
this chart is fully loaded with proper price action not with any indicator
if you have any doubts you can directly text me
.
.
.
thanks
have a profitable week a head
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
Like 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...
Like 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....
The 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.
Note: 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 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...
