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Hdfcbankanalysis

HDFCBANKThis stock is showing good power and strength to go more upside, once price closes above 1497 plus levels, then it can show more strength to go further up side, Bullish crossover in weekly macd can put the bulls in a dominant position. on daily chart swing low of 1411 will be a crucial support to watch out for on the way down. One can go long at current levels or on dips near 1430 - 1450 zones (if any ) with stop of closing below 1411. Fake break-down and now at parallel channel's top wave structure could be like this something coincides factors macd in weekly is uptick macd in daily is positive crossover and uptick rsi in daily uptick along with double breakout Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:HDFCBANKLong
by RK_Chaarts
Simple Trade Setup |HDFC BANK | 03-02-2022 [INTRADAY]NSE:HDFCBANK Again selecting the same stock for tomorrow as well. Observations: 1) On 1 day time frame, It gave breakout of the resistance channel. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 03-02-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HDFCBANK
by Trading_hawk
Simple Trade Setup | HDFCBANK | 02-02-2022 [INTRADAY]NSE:HDFCBANK Observations: 1) On 15min time frame, we can see it has been rejecting from the resistance channel and also it is having immediate resistance at 1500 level. Breakout of it can give easy 20 points up move and can also give another 20 points till 1540 level. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for 02-02-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HDFCBANK
by Trading_hawk
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