On 3rd November, HDFC bank gave good up move on daily chart with good volume. However it tested 1250 and never tried to break it. Below are the trading plans for 04 November. 1. If trades above 1250 and sustains above it on 30 min candle close, It will lead to fresh breakout in HDFC Bank. Go long with SL of 1242 for target of 1270/1300/New ATH. 2. Shorts should...
On 28th October, In 1st 30 Min candle itself, HDFC Bank broke the upper channel support at 1226, thereby confirming the move towards balanced auction profile POC and closed at 1209 level. Below is the trade plan for 29th October. 1. If Open and sustains below 1195, go short with SL of 1202 for target of 1180. 2. Sustaining below 1178 will make further weakness...
This Trade is derived on Probability basis; Do Not Risk more than 3% of your Principal amount;
The stock has given breakout of its pole flag and we can expect it to continue it upward rally in upcoming sessions. These are my personal views, trade as per your own analysis.
It is testing 3rd time on trendline( which is always said to be strong zone) and on horizontal level 1010-1030 price zone support overall trend from “1”. For next trading sessions 1055 above expecting 100points move, wait for blue trendline breakout also rejections from 1030.
hdfc bank @ the pattern support. perfect reversal from the pattern with a doji & a fat green candle. should go bulls till the bank results.
Neutral. as per the pattern should sell to reach the pattern. Being banks bullish off-late, should take support from this point or should reach pattern support & go long.
Price is trading at the support level, one can go long with the closing of today's candle. The advantage of going long at the support level is you can have small stoploss.
TRAVELLING ON CHANNEL UP. Professional Day/ Short-Term Swing Trader. Ideas and entities are opinions. Trade at YOUR OWN RISK.I am not your financial advisors. Risk it for the biscuit.
The tripple top pattern seems valid and strong. Expect the prices to fall today to an approximate value of 1086 INR. One can proceed with SHORT order. (This is my chart based analysis and prediction. One must trade at his/her own risk.)
Elliot wave is forming significant higher highs or lower lows. It gives 1-5 points of 3 higher highs and 3 lower lows. This is a day chat so volitality is high take trades based on Higher high and lower low formations
If HDFC Bank will manage to hold above 1100 level then It may test its next supply zone @ 1150-1160 in coming days.
I hope you can now see how HDFCBANK represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...
NSE:HDFCBANK MY DAILY VIEW ON HDFCBANK BUY ON DIP TARGET 1160
All levels are marked on the chart. All Charts are for educational purposes. Non-advisory, discretionary.
11 - 12 AUG - A CHANNEL BREAKOUT IS EXPECTED IN THE COMING DAYS AND WILL LEAD TO A ROCKET FOR HDFCBANK Beware : Please keep in mind and stay away from False Breakout Traps. Also this is not any recommendation, it is only for educational purpose. Trade at your own risk.
HDFCBANK FOR 40 POINTS UPSIDE