Hdfcbankanalysis
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..
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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.
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.
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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.
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
HDFC Bank is on the verge of Support LineLook at HDFC Bank Chart, on Friday had taken support from it's trendline and able to close his day above the trendline successfully. But on tomorrow, need to look at that level again because if breakdown will happen then we can see share price trading near by 1400 level.
hdfc bank looks tired the biggest private sector lender looks tired at as far as i see
although dont expect a very heavy fall
a time correction possibility in the counter seems very high
i see it in range 1340 to 1580 for coming 1 year ahead
my view will negate on closing above 1567 mark on weekly frame
Intraday Tradein HDFCBANK on 14 Dec 2021oday watch out the levels for HDFCBank .
wait for the Double confirmation for the Best ebtry and the stoploss
Target Where your greed Ends...Lol
Don't Advice to take the trade on my Levels. Take it on your own risk
I will not be Responsible for any kind of loss & profit
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 .
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
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.
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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.
HDFC Bank Seems like Head& Shoulders Pattern(Bearish)If 1560 level Breaks then HDFC bank will fall up to Support level 1530 We cam keep it as 1st TGT & fail to take Support @ 1530 then the 2nd TGT is 1490.
>Support will Become Resistance and Resistance will become Support once the level Breaks.
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********Educational/information purpose only **********
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NSE:HDFC BONSE:HDFC
#NSE:HDFC trading bullish and reached resistance level, high chances to BO
Post confirmation may try 2800 CE
Good above 2826.
Simple Trade Setup | HDFC BANK | 23-11-2021 [ INTRADAY]NSE:HDFCBANK
Observations:
1) On 1day time frame, it closes below 200DMA.
But it has tendency to trade very less period of time below 200DMA.
Will it be a fake breakdown or it will jump from here tomorrow?
200DMA is placed at 1521.29.
Please refer below chart : 1 day Time Frame.
2) On 1 day time frame we can see level 1550 is major breakout level.
1500 is immediate support and immediate resistance is at 1525 level.
Please refer below chart : 1 day Time Frame.
-------------------------------------
Trade Setup for Date: 23-11-2021
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.