NSE:HDFC
Observations:
1) On daily time frame, it has been taking support from 10DMA and today it gave good movement from 10DMA and made bullish candle. As far as it is above 10DMA it has chance to move above again.
10DMA is placed at 2911.09
Please refer below chart : 1 day Time Frame.
2) On 15min time frame, we can see that it is taking support from...
NSE:HDFC
Trade Setup for Date 22-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up...
NSE:HDFC
Observations:
1)On 1hr time frame, it is making descending triangle pattern, in which it is making lower highs but keep on taking support from 2735-2740 level range.
Please refer below chart : 1hr time frame.
2) Also on 1hr time frame, if it continuous to complete double bottom pattern then it will be a good buy once it test the 2780-2782...
All levels clearly marked on chart kindly refer those for understanding and logic behind shorting HDFC
Looks weak if HDFC moves below 2510 levels for further downside.
![HDFC: Simple Trade Setup | HDFC | 11-11-2021 [ INTRADAY]](https://s3.tradingview.com/2/2OLVKJif_mid.png "Simple Trade Setup | HDFC | 11-11-2021 [ INTRADAY]")
![HDFC: Simple Trade Setup | HDFC | 22-10-2021 [INTRADAY]](https://s3.tradingview.com/y/yt2q7qoo_mid.png "Simple Trade Setup | HDFC | 22-10-2021 [INTRADAY]")
