NSE:HDFCBANK
Observations:
1) On 15min Time frame, we can see it gave breakout of resistance trendline.
Please refer below chart : 15min time frame.
Also we can see that range of 1330-1335 will be a neutral range if price is trading above it then it will be provide support and if price is below it then it will work as resistance.
Please refer below...
NSE:HDFCBANK
Again selecting the same stock for tomorrow as well.
Observations:
1) On 1 day time frame, It gave breakout of the resistance channel.
Please refer below chart : 1day Time Frame.
-------------------------------------
Trade Setup for 03-02-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min...
Description : HDFC Bank at lower levels following support area and a trendline zone as well.
Support Area : Support at 1420-1450
Resistance Area : Resistance at 1550-1575 if broke above it then 1675-1700 Zone to watch for.
NSE:HDFCBANK
Observations:
1) On 15min time frame, we can see it has been rejecting from the resistance channel and also it is having immediate resistance at 1500 level. Breakout of it can give easy 20 points up move and can also give another 20 points till 1540 level.
Please refer below chart : 15 min Time Frame.
-------------------------------------
...
![HDFCBANK: Simple Trade Setup | HDFCBANK | 23-05-2022 [INTRADAY]](https://s3.tradingview.com/8/8R8ODm6O_mid.png "Simple Trade Setup | HDFCBANK | 23-05-2022 [INTRADAY]")
![HDFCBANK: Simple Trade Setup |HDFC BANK | 03-02-2022 [INTRADAY]](https://s3.tradingview.com/w/WeLS1DEB_mid.png "Simple Trade Setup |HDFC BANK | 03-02-2022 [INTRADAY]")
![HDFCBANK: Simple Trade Setup | HDFCBANK | 02-02-2022 [INTRADAY]](https://s3.tradingview.com/t/tUmo8Tco_mid.png "Simple Trade Setup | HDFCBANK | 02-02-2022 [INTRADAY]")