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Hdfclong

Short term HDFC setup HDFC is looking bullish as the overall activity inside the range has been very positive except the on bearish pin bar near the resistance. I would want a really strong volume expansion on weekly candle(something like 35-40 million) to confirm the present of strong buyers. Currently the volume has been falling from 26 May and I would prefer a strong close above 1927-1930 levels on weekly candle with strong volume. Range breakout on the upside after a bullish move is a great setup for going in long on a trade. Range breakout is a great setup with high probability of moving higher or lower, depending on where the price broke out. Volatility has contracted from 3rd August and now the chances of a strong breakout on either side is very high. The reason why I am bullish is due to the price activity happening inside the range, which I have described on the chart. I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and trade carefully! Grateful!🙏
HLong
by inteliigentrader
HDFC lONGI hope you can now see how HDFC represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
HLong
by EntryandExit
3
HDFC BUYI hope you can now see how HDFC represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
HLong
by EntryandExit
HDFC BANK PRICE NEAR 50% RETRACEMENT LEVELThis looks like a pullback from 2/3rd retracement level, so i has got a very crucial support at 1050 and it is also getting support from a trend line, can take long positions for a week. Wait for the bounce from 1050 level for taking a long position. Shorters trade cautiously, this is a strong stock with strong uptrend. Well this looks like a pullback to me but if the price falls below 1050 level and also crosses the trend line, then this could be weak stock for some upcoming days. Place targets and stop losses near the support and resistance lines drawn.
NSE:HDFCBANK
by aryanamar