HDFC Bank made triangle pattern.
Either side breakout can give you good return.
Support and resistance marked by trend line.
You can take intraday position as per your analysis.
Note - Please do proper analysis and maintain strict SL before taking any trade.
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Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
hdfc bank; weekly time frame clear doule bottom breakout; daily time frame clear breakout & sustaining over it : kabhi bhi blast ho skta hai; easy 20 percent; all banks rallies except this share; dont run after penny & momentum stocks; hold it for 3 months for easy gains;
HDFC Bank has made a double bottom on weekly time-frame, and has also given a break-out. The stock is taking support from 200EMA of daily time-frame, you can go long once you see a good bullish candle on 1D time-frame. It could be a long-term swing trade (Positional Trade). Suggested targets 1480Rs, 1511Rs. You can also make this as an investment opportunity...
HDFC is falling at a rapid pace for the time being. However, as mentioned on the chart, the RSI at 4H TF is trying to tell a different story.
The volume delivery for the last week is trending at ~65% for both the instruments which infers to increasing interest levels on the buy side
The Twins needs to be on watchlist and wait for a reversal confirmation.
1. Stock was all set for an Inv. H&S Break Out. However, Merger news caused a huge gap up.
2. Stock has now retested BO trend line .
3. Above 1521, stock can resume its upward journey with major supports placed at 1500/1470.
4. Target: Fresh all time high.
5. Consult your financial advisor before investing. If you found worth it, Do Like, Share and Comment.
📈 HDFC Bank 📉
This Stock Broke out from a Downtrending Trendline Zone after testing four times with a strong green candle.
Bias - Long
Target - 1566, 1688
SL - 1429
RR- 1 : 2.5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult...
HDFC bank has finally given a break out and moved today.
It might be a good signal for the markets as this heavy weight has given a break out. Totally a positive sentiment for the markets.
The stock has closed above its 20 & 200 ema on different time frame.
Hdfcbank may give good opportunity for intraday and swing trades,
Support :- 1456, 1415-6.
This stock is showing good power and strength to go more upside, once price closes above 1497 plus levels, then it can show more strength to go further up side,
Bullish crossover in weekly macd can put the bulls in a dominant position. on daily chart swing low of 1411 will be a crucial support to watch out for on the way down. One can go long at current levels or...
Hdfc bank on a daily timeframe has formed a bullish engulfing pattern with volume confirmation.
It is the basic candlestick pattern with shows the reversal in trend.
Support:- 1300(round number)
resistance:- 1327, 1357
The pattern is bullish.
Trade only when the price sustains above 1327.