Monthly is clearly bullish, a perfect Uptrend.
Weekly, we are seeing a CC at EMA +0.5 Fib level with an overall trend being up.
In the Daily, we are seeing multiple RCs at D ST and last candle closing above EMA though with a small body. Would have been better if we had got a good green candle.
In the 75m, price is already...
As we observed in our previous analysis (attached below) of the stock, it bounced off from the support zone. The stock has now broken out of a range making it a bullish continuation pattern i.e. Bullish Flag. Hence we can expect HDFC Bank to hit 2640 in coming days as suggested by the pattern.
(Disclaimer: Our charts and contents are just for the purpose of...
HDFC Bank has been in a consolidation phase for a while. Currently the stock is at range bottom wherein a trendline support coincides. The price also being a round number, it increases the probability of stock moving upwards, at least to 2460.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not...
Buy HDFC Bank with a SL of 2095 for a target of 2123, 2130, 2140
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such...
DESCENDING TRIANGLE FORMING IN HDFC BANK
BUT WAIT FOR IT
BEAR-TRAP IN PLACE
BUY HERE MIGHT SEE BOUNCE BACK BEFORE CLOSING TODAY
IF CLOSES ABOVE 1920 THEN
WE WILL SHORT @THE TRENDLINE WAIT FOR IT