Hdfcbankanalysis
Levels for - 14 Oct 2021EXPLANATION : This is a 45 min time frame chart of HDFCBANK , It has been in a consolidate for day and has formed an Ascending triangle pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on HDFCBANK . If give a strong breakdown and broke its trendline support with high volumes and retest the same , I am bearish on HDFCBANK .
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Levels for - 11 Oct 2021EXPLANATION : This is a 30 min time frame chart of HDFCBANK . It has formed Triple top pattern breakout & retest , If stock give a breakdown and broke it's trendline support , I am bearish on HDFCBANK . If stock bounce back I am bullish on HDFCBANK .
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HDFC bank is at Major resistance zoneHdfc bankis trading near its major resistance keep an alert as it can give a big breakout for upside, the resistance zone has formed on the all time high which is making it a reliable and a crucial level for the overall stock.
Think buy only after breakout with small SL
It can give a decent Risk to Reward trade
Levels for - 05 Oct 2021EXPLANATION : This is a 45 min time frame chart of HDFCBANK . It has been in a sideways for days and formed Symmetrical triangle pattern ; A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend , while a breakout from the upper trendline indicates the start of a new bullish trend . Both side levels marked in chart . for downside target will be pending small gap .
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HDFC SWING TRADEHDFC is a market mover in nifty50 which is consolidating in a long range . It is still a buy at dip stock and can be bought at its high demand zone of 2635 to 2600 which is also a HARMONIC BAT REVERSAL ZONE
Buy at 2635
SL below 2550
first target of 9-10%
Above that sky is open for HDFC
Levels for - 27 Sep 2021EXPLANATION : This is a 1 hour time frame chart of HDFCBANK . It has formed Evening Star Doji Pattern , It signal a more bearish trend than the evening star pattern because of Doji that has appeared between the two bodies .
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Simple Trade Setup | HDFC BANK | 02-09-2021NSE:HDFCBANK
Trade Setup for Date 02-09-2021:
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 tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | HDFCBANK | 30-08-2021NSE:HDFCBANK
Trade Setup for Date 30-08-2021:
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 tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup |HDFCBANK | 27-08-2021NSE:HDFCBANK
Observations:
1) After breaking neck line of rounding bottom at 1551 level it has been taking support from this neck line.
Please refer below chart : 15min time frame
2) For the short to mid term targets looks till 1634 level.
Please refer below chart.
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Trade Setup for Date 27-08-2021:
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 tommorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.