Hdfcbankforecast
HDFC BANK1)We can also bet on (29 JUL 2021 1500CE) for 20-50% returns in next week
-------------------------POSITIVES--------------------------
1) More than 2 week consolidation
2) Volumes are not dry
3) Todays action in such a patchy market shows strength, holding bank nifty single handedly
4) If HDFC BANK will go up then Bank Nifty will also go up
5) Volumes are greater than yesterday
6) It's HDFC Bank
-------------------------Negatives------------------------------
1) Call writers on upper band of Bank nifty
--------------------------THANT'S ALL-------------------------
HDFC Ready To Fly- HDFC AnalysisHDFC has been sideways since a long time. It has made a base and now trying to come out from that.
Buy HDFC from the given below levels.
Buy Above- 2630
SL- 2560
Target - 2700 2785 2860 2900 2965
Below 2350 will lead to a major correction in HDFC.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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HDFC BANK #Episode1 ( Strong support zones )Hdfc bank Broken and retested the heavy support zone which was a good resistance ,,,, pre covid ...
Only long ideas here for positional purposes .... if it breaks the white trend line with good momentum indicators showing no divergence . + bnk nifty should be Green ( that's a must)..... go long on 30min
HDFC BANK - SWING TRADING LEVELS
Wait for the price to sustain above 1572 and then go Long.
You can go Short if the price falls below 1560.
Rejection from resistance will move the price to the previous support level of 71-73.
Use appropriate risk-reward ratio.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Hanging Man on HDFCBank ChartHanging man candlestick is formed on HDFCBank daily chart, sell if sustains below 1540 for the targets of 1525, 1490, 1465 and 1435 until 1585 is intact on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team