1.good to buy above -1486, targets -1493, 1500, sl-1480 2.weak below -1478, targets - 1471, 1463, sl-1484 3.void if opens big gap up or gap down.
Expected Downside on May 17, 2021 (Stay Alert with Bank Nifty Too)
Hdfc bank intraday short selling trade setup which i used to short the stock.
HDFC Bank Dubble top Patten Genrated And Its Near To Neck Line This is Educational Purpose Only
HDFC Bank patterns On Time Frame 15 min Go long Or Short As Per Instruction Taken On Chart On 5 Min Time Frame
Double confirmation at RSI and Stoch-RSI as both are in overbought zone.
Hanging man candlestick is formed on HDFCBank daily chart, sell if sustains below 1540 for the targets of 1525, 1490, 1465 and 1435 until 1585 is intact on the upside. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
hdfc bank chart analysis for intraday and swing trading
Sel l on rise with SL of 1490 for target of 1420/1390/1360
bullish view- if price break the resistance of 1441-1443 then we can see massive breakout for the level of 1500-1530-1550 in couplle of trading session. Bearish view - If price unable to break the level of 1440 then reversal can possible for the next support which is 1405-1400.
This Trade is derived on Probability basis; Do Not Risk more than 3% of your Principal amount;
It's A 3-3-3 Structure Which is Known As WXY.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly. This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!! DO NOT FORGET to put your own STOPLOSS!! KEEP STRICT STOPLOSS! If it retraces back in then it will take a pullback upside otherwise it will fall to the levels...