Long opportunity in HDFC BankHdfc 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.
Hdfcbanklong
HDFC BANK LONGHDFC BANK Is looking bullish as it has been under a long consolidation where 1490 is acting as a major support which is also a 50% retracement of wave AB.
reliance has already given a huge rally and now we can expect the same for hdfc.
Intraday levels - 31 May 20211. Price action
2. Head and Shoulder pattern shows
3. Support and Resistance important levels marked in chart .
HDFC Bank good to buyHDFC bank stock price given breakout on 21 May with vol soon price will retest and bounce back for new higher highs.
Good to buy near range 1550-1540
INVERTED HEAD AND SHOULDER IN HDFCBANKHDFCBANK completed inverted head and shoulder pattern, can wait for retracement level to long buy.
Just a view
HDFCBANK UPSIDE TRENDLINE BREAKI THINK HDFCBANK WILL GO UP FROM HERE AS THE FINANCIAL SECTOR WILL BULLISH FROM NEXT WEEK OR HDFCBANK HAS GIVEN A TRENDLINE BREAKOUT ON THE 1 DAY CHART.
AND WITH THE SUPPORT OF 20 EXPONENTIAL MOVING AVERAGE HAS GONE TO THE UPDISE.
SO MY TARGET IS = 1524.63 , 1635.00 , 1741.56
HDFC BANK LONG POSSIBILITYAFTER MORE THAN 6 MONTHS, A BEAUTIFUL LONG POSSIBILITY IN HDFC BANK
ACCUMULATE BELOW 1500, FOR THE TARGETS:
TARGET 1: 1560
TARGET 2: 1600
TARGET 3: 1640
STOP LOSS: 1440
NOTE:
1. BANK NIFTY HAS STARTED OUT-PERFORMING NIFTY AFTER QUITE A WHILE.
2. GOOD TIME TO ACCUMULATE HDFC BANK FOR INVESTMENT PURPOSES AS WELL.
HDFCBANK - Support from TL and can bounce backLooks good to bounce back and we can expect a good move upwards from here.
HDFC Bank FuturesCan buy HDFC Bank Future
LTP: 1409.05
Support: 1383.05
Resistance: 1426.95 / 1449.55
HDFC Bank ChannelHDFC Bank looks set to follow its channel. The Support and Resistance levels have been working for a very long time now. And I feel this will continue. Keep Stop Loss at 1370, as long as this level sustains you should go Long in this stock.
HDFC Bank FuturesHDFC Bank Futures
LTP: 1396.45
Support: 1383.05
Resistance: 1427.50
Buy for short term gains.
HDFC Bank LongHDFC Bank downward momentum seems to be broken bull run will begin now
take a long position with SL- 1460
Would HDFC Bank take support near 1470 Levels?The stock is in uptrend and takes support of the lower line of channel, let's see it happens again or it breaks range this time.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
HDFC Bank For 03-03-2021Im Not SEBI Regt.
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites, Derivatives, commodity and Currency can be substantial.
HDFC Bank For 11-02-2021 HDFC Bank patterns On Time Frame 15 min
Go long Or Short As Per Instruction Taken On Chart On 5 Min Time Frame
