From the bottom of Mar'20 of 1473 stock has rallied to 3000 odd levels in an impulsive manner which can be counted as clean impulse pattern of five distinct waves. This impulsive rise can be designated as our primary wave-1. After placing a high of 3021 in Nov'21 stock has undergone into a complex correction WXY in the primary wave-2 which was concluded in Jun'22...
HDFC;keep on track; long consolidation;Fii are back so we can expect a breakout & 20 percent move ; buy only after breakout ; hold it for 2 to 3 months for quick 20 percent gain;
HDFC is falling at a rapid pace for the time being. However, as mentioned on the chart, the RSI at 4H TF is trying to tell a different story.
The volume delivery for the last week is trending at ~65% for both the instruments which infers to increasing interest levels on the buy side
The Twins needs to be on watchlist and wait for a reversal confirmation.
this...
Reasons to buy NSE:HDFC :
1. Reverse Head and Shoulder
2. Bullish divergence(Which is very rare confirmation signal )
3. RSI above 50
4.Fibbonacci support of 38%.
Buy in the given range only, maintain SL and Stick to the system .
HDFC
Buy-Above 2460
Sl-2230
T-2685 2875
Short Term
HDFC has made a bullish reversal chart pattern - Inverse Head And Shoulder in daily TF. It is formed after a good correction form ATH. According to the ABCD pattern , this swing can go till 2685-2700. Above 2700 it will proceed to the second target of 2880-2900. Ultra short term traders can trail sl at 2340...
Inverse Head and Shoulders
This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the...
HDFC has closed above the long respected descending trend line.
The stock can give a bullish momentum in the next trading day as the volumes are higher than the previous closing days.
On Thursday, the stock has closed above the trend line and can travel up to the target level of 2475-80.
The stock has broken over a resistance level after approx 2 months.
...
HDFC is looking good for investment purpose as per waves analysis.
First price should give breakout above current 0-X Trendline.
Wave structure says everything, Let price say something aligned with it, then its confirmed Investment pick.
Overall structure can be unfold as below
Unfolded waves structure
let price breakout this line
Disclaimer.
I am not...
NSE:HDFCBANK
#NSE:HDFCBANK bouncing from the same support and created new support and resistance, Both marked on chart.
Trade accordingly, Still got any doubts can ping me.
NSE:HDFC
📌It can Reverse From CMP As Well, but if activate pattern then that would be good for healthy up move.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should...
#HDFC
Buy- 2550-2590
Sl-2440
T- 2800 2955
RR is good here. Firstly the stock has fallen from 300 levels. Time for a pullback. This is aggressive buy. As trendline has not been broken. Safe traders can buy after trendline breakout.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
