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Hdfcbankanalysis

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
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 ********** >> Visit My Ideas Page for Daily Stock Analysis, Follow for Live Updates. <<
NSE:HDFCBANK
by Ravitejasreevatsav
2
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.
NSE:HDFCBANK
by Trading_hawk
3
Hdfc Bank Long I hope you can now see how HDFC BANK 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 methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:HDFCBANKLong
by EntryandExit
HDFC Bank long opportunityNSE:HDFCBANK Hello all! HDFC Bank has been trading in a channel since the covid crash. It's now on the lower channel trendline again which makes a good opportunity to go long because the stop loss will be very minimal. Also, the stock is between its 50% and 61.8% Fib Level and is trading in a very important zone which acted as a strong resistance earlier and should now act as a good support Do let me know your views on this! HAPPY TRADING! *NOT A CALL*
NSE:HDFCBANKLong
by Traders_Town
Hdfc bank StudyHDFC Bank spot CMP :- 1687 Elliot wave + Harmonic + Chart patterns + Price action. Time Frame : Daily Chart Patterns :- Rising contracting wedge formation on larger scale, with demand line around 1590-1600 levels, act as good support for the counter and supply line around 1800-1830 which would act as strong resistance levels,, Symmetrical triangle formation ( black dotted line coincide with harmonic pattern) counter gave break out from this formation around 1490-1510 levels, pattern have height of 248 points,, which after breakout would lead to a measured move of 248 points, so from breakout levels move of 248 points would lead to 1755-1770 levels, which would act as intermediate resistance for the counter. pre covid life high for the counter was around 1305 levels from where counter gave a fall of 566 points, once this life high was taken out counter is continuously maintaining its uptrend till date, now adding same points to previous life high would give us the maturity point of the measured move,, 1305+566 = 1872, These will be the levels to be watched for maturity of uptrend.. Elliot wave :- Counter is trading in 5 impulse leg of impulse phase,, counter recently gave a breakout above the level of previous swing high which was around 1640 levels, and have entered the final upside leg of the impulse phase,, wave 1 consist of 280 points, wave 2 have retraced around 70% of wave 1 which can retrace around 61.8 to 88.6% as per theory. Wave 3 consist of 815 points, which is extended around 2.618% of wave 1, according to theory it should be between 1.618 to 3.618% of wave 1 and is longest and strongest wave of impulse phase. Wave 4 have retraced around 38.2% of wave 3, which should be around 23.6 to 50% of wave 3, wave 4 always have shallow corrections and time consuming, they are in forms of triangles, zig zag and flats. wave 5 should be in form of ending diagonal or wedge form where volumes are lighter than volume of wave 3, it can be equivalent to wave 1 in terms of points or in terms of % move,, but should be less than range of wave 3, Calculating probabilities of wave 5 , if wave 5 is extended wave of wave 1, we get 280*1.618 = 454 points. low of wave 4 is around 1353 levels, 1353+454 = 1807,, if wave 5 is retracement wave of wave 3, we get 815*0.618 = 504 points. low of wave 4 is around 1353, 1353 + 504 = 1856. from this we get range of 1807-1856 between which last leg of impulse phase might mature. Harmonic pattern : Bearish crab pattern formation on daily time frame with PRZ level around 1815-1840, last leg of formation might mature around this levels, from where the probabilites of reversal becomes higher. Levels as per symmetrical triangle, 1756 as resistance level levels as per elliot wave , 1807-1856 as resistance levels Levels as per measured move, 1872 as resistance levels levels as per harmonic study, 1815-1840 as potential reversal levels Levels as per rising contracting wedge,1800-1830.. So from all this 1756 would act as intermediate resistance levels and range of 1810-1850 would act as stiff resistance zone where lots of patterns and study are maturing in same range.
NSE:HDFCBANK
by RUDRA007
2