Get started

Hdfcbanklong

HDFC Bank forming flag and pole pattern.HDFC Bank has been halting on the higher levels and is consolidating in a 3% range. The stock has been forming a flag and pole pattern on weekly time frame. The stock has closed near the resistance zone and is trading above the 20 DMA. Banknifty has been forming new highs and HDFC has the high percentage in the index. Trade can be carried in this stock for either side. Bullish Target :- 1710 Bearish Target :- 1540 Stop loss should be less than 5-7 points. Wait for the price to crosses and close outside the consolidation zone i.e. 1592-1638. Swing, intraday and positional trade can be carried in this stock.
NSE:HDFCBANK
by TheMamboMomentum
HDFC Bank AnalysisHDFC Bank has given a good bullish move in 2nd half today, I expect further bullishness. There are total 3 scenarios that can happen: Scenario 1 : Open above 1529 & retest of this level, buy if the level holds & market shows bullish momentum. Scenario 2 : Price comes down to the first demand zone between 1505-1510 & shows bullish momentum then buy for a min target of 1529 with 1505 as SL. Scenario 3 : Price comes to the 2nd demand zone between 1495-1500 & Shows bullish momentum then buy for a min target of 1529 with 1495 as SL.
NSE:HDFCBANKLong
by BharatAsani
HDFC BANKWait And Watch ?? Look for Low risk, High reward, and High Probability setups- 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 pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:HDFCBANKLong
by Rvkachhadiya
HDFC Bank Swing trade !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 because it is almost 15%-16% down from its 52Week High time high. :warning: Place Stop-loss logically // Trade with your own risk // Trail your stop-loss once it reaches 50% of the target/
NSE:HDFCBANKLong
by Rehan_sharif