Hdfc has Form Rectangle chart pattern and gave us a nice Breakout woth 1Day Candle if BankNofty going to his favour coming session HDFC BANK is gonna Big Move
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...
Description : HDFC Bank at lower levels following support area and a trendline zone as well.
Support Area : Support at 1420-1450
Resistance Area : Resistance at 1550-1575 if broke above it then 1675-1700 Zone to watch for.
HDFC BANK have double pattern formed
triangle pattern have now breakout and getting retest area
wait for trend reversal
NOTE
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1)We can also bet on (29 JUL 2021 1500CE) for 20-50% returns in next week
-------------------------POSITIVES--------------------------
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...
NSE:HDFCBANK
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HDFC Bank CMP :- 1481
Current Support :- 1464
Target :- 1650
one can long till target as long as it stay above current support.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own...
Note: This is for educational purpose only.
HDFC Bank is nearing 52 week high with surge in volumes. If the price move above the 52 week high, there will be a new high.
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...
