1. Potential change in MS underway
2. Descending broadening wedge pattern
3. Trendline breakout
4. Consolidating in parallel channel
5. Ripe for the next impulsive move
6. Target: 1561, 1635
7. Stop loss: 1455
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is...
HDFCBANK and BANKNIFTY are in a very interesting position. HDFCBANK has formed a nice continuation candle right at the 20 EMA after a pullback on the weekly timeframe. HDFCBANK has been in a nice uptrend, continuously making higher highs and higher lows. If it continues the up swing, it could carry BANKNIFTY with it back up to 38000. A long can be initiated...
This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our...
NSE:HDFCBANK showed a good rally on 15 minutes time frame chart and on top of that it has given closing above it's 9 DEMA. Strength is also above 50. Hopefully, it will open positive tomorrow as well. Congrats to all who are long in this.
1)We can also bet on (29 JUL 2021 1500CE) for 20-50% returns in next week
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...
Hdfc Bank has been making an ascending triangle pattern with resistance at 1520 in 1Hr time frame. If it crosses and sustains above this level with good volume then targets of 1550 and 1580 could be seen soon.