- Price action analysis - Important levels marked in chart
1)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...
understanding trades through support and resistance,
1.good to buy above -1486, targets -1493, 1500, sl-1480 2.weak below -1478, targets - 1471, 1463, sl-1484 3.void if opens big gap up or gap down.
- Price action - Important levels marked in chart - Wedge pattern
1. Buy above 1487, Targets -T1, T2, Stoploss -1481 2. Sell below 1480, Targets -1472, and 1464, stoploss -1486 3. avoid trade if opens big gap up or gap down
- Cup and Handle pattern - Supply and Demand area marked in chart - Use pivots for SL and Target
HDFCLIFE - descending triangle / pennant Breakout alert ahead. Self explanatory chart. For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
1. Price action 2. Rising parallel channel 3. IMportant levels marked in chart
HDFC BANK Is looking bullish as it has been under a long consolidation where 1490 is acting as a major support which is also a 50% retracement of wave AB. reliance has already given a huge rally and now we can expect the same for hdfc.