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Hdfcbankanalysis

HDFC bank Inverse H&S formationHello traders, I hope you are doing well The setup that I can find in hdfcbank is clearly explained above in the chart. Specific details for the chart explanation The inverse head and shoulder pattern has not yet been completed. The breakout also requires to break the supply zone near 1500 levels. Stock has retraced back to 78.6% from the last swing high. Stock gave a breakout of a steep declining trendline of 40 degree angle 200 ma acting as support. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:HDFCBANKLong
by this_is_shoaib
2
HDFC BANK HDFC Bank has made a very strong comeback, breaking past above the 200 as well as the 50-day moving average So, HDFC Bank is likely to continue its momentum and start to outperform from the banking space. We would suggest a buy with Rs 1,650 as a momentum target and stop loss could be kept at Rs 1500 mark.. .. Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade. We're not responsible for any loss or profits.
NSE:HDFCBANK
by vaibhavu1
Simple Trade Setup | HDFCBANK | 29-12-2021 [INTRADAY]NSE:HDFCBANK Observations: 1) On 1 day time frame, it closed just above 10DMA and still trading below 200DMA. Please refer below chart : 1 day Time Frame. 2) Also on daily time frame, it made doji candle. If it trades above today's high then it will be quick buy trade. And if it trades below today's low then it will be quick short. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date: 29-12-2021 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
50
HDFC BANK - Taking good support🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:HDFCBANKLong
by PrakWorld_Traders
2
Intraday Trade Logic in HDFCBANK on 13 Dec 2021Intraday Trade Logic in HDFCBANK on 13 Dec 2021 While watching out chart pattern in daily basis or hourly basis i got 2 position to trade :- Buying short Selling After Watching out Feb 2 ,24 , March 4 ,9 candles i got Buying level i.e 1538 , As the price is sustaining the above level it was giving good RR wise proit But As today market opened below the level (1538) i tried to watch if any i get S.S opportuniy and i got it Similary , As if the price was sustained above 1538 we get good upmove wise versa if price below it good get downward good move. watching out March 31 , Jul 8 , Aug 18 , Nov 22 , 24 , Dec 3 , 9 i got Entry Point i.e :- 1536 SL :- 1538 Target 1520.05 Expected Target : between 1509-1505.15 Logic Behind Trailing Stoploss :- If we watch Dec 10 th opening Candle purely it's been rejected from our expected levels Trade Executaion:- 5 min TF:- Today Market opend below the levels . opeing candle formed with good volume At 10:10 to 10-20 it was seen that candle is not sustaining the above levels but trade must be taken after double confirmation that's my thought process.lol watch out volume of the 10:45 candle that sustained above 1536 is less than the previous candle Now, i got double confirmation for shorting at 10:55 candle which has more sellers volume so took the entry after the candle close i.e at 11 AM candle Exited at 1509 Check out RR Ratio IF YOU LIKE THE LOGICS PLEASE DO LIKE ...THANKING YOU .
NSE:HDFCBANKShort
by Yash_Kulkarni
Intraday Trade Logic in HDFCBANK on 13 Dec 2021Intraday Trade Logic in HDFCBANK on 13 Dec 2021 While watching out chart pattern in daily basis or hourly basis i got 2 position to trade :- Buying short Selling After Watching out Feb 2 ,24 , March 4 ,9 candles i got Buying level i.e 1538 , As the price is sustaining the above level it was giving good RR wise proit But As today market opened below the level (1538) i tried to watch if any i get S.S opportuniy and i got it Similary , As if the price was sustained above 1538 we get good upmove wise versa if price below it good get downward good move. watching out March 31 , Jul 8 , Aug 18 , Nov 22 , 24 , Dec 3 , 9 i got Entry Point i.e :- 1536 SL :- 1538 Target 1520.05
NSE:HDFCBANKShort
by Yash_Kulkarni
Simple Trade Setup | HDFCBANK | 13-12-2021 [ INTRADAY ]NSE:HDFCBANK Observations: 1) On 1day time frame, it is between 10DMA and 21DMA. On Friday, it closed just below 21DMA. 10DMA is placed at 1517.15 level and 21DMA is placed at 1524.43 level. If it trades above 1525 level then it will work as support. Otherwise immediate support range will be 1515-1517 level. Please refer below chart : 1day Time Frame. 2) On 15min time frame, we can see that it is forming kind of rounding bottom or mostly cup and handle pattern. But still major breakout level is 1560 level. If it gives sustainable breakout of 1560 level then we can see good up-move. But breakout of this parallel channel will surely take it to 1560 level range. Please refer below chart : 15 min Time Frame. But for recent pattern, we can see that it has been trading in uptrend parallel channel. And it is currently as base support. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for Date: 13-12-2021 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