Hdfctrade
HDFC breaking out and restest.Proper chart pattern is being followed in HDFC.
Stock after the break out has retested the trend line.
HDFC has closed just near the support level and slightly below the 20ema.
If the stock form any bullish chart pattern, targets are there in the chart itself.
This trade can become a swing trade for the traders.
HDFC breaking outHDFC 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.
Support levels :- 2364, 2300
Resistance levels :- 2480, 256.
Simple Trade Setup | HDFC | 13-01-2022 [INTRADAY]NSE:HDFC
Observations:
1) On 1hr time frame, we can see that it gave breakout of channel resistance and it below the range of 2750-2765.
Breakout of this range can give up move.
Please refer below chart : 1hr Time Frame.
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Trade Setup for 13-01-2022
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 or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | HDFC | 15-11-2021 [ intraday]NSE:HDFC
Observations:
1) On 15 min time frame, it perfectly take good support from the support channle and gave good bounce.
Please refer below chart : 15 min Time Frame.
2) On Daily time frame, we can see that 2980 was major breakout level and it closed above it.
Now if it sustain above 2980 level then we can see a good upmove.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 15-11-2021
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 or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | HDFC | 11-11-2021 [ INTRADAY]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 the parallel support channel and bouncing from it.
Please refer below chart : 15 min Time Frame.
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Trade Setup for Date 11-11-2021:
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 or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | HDFC | 01-11-2021 [ INTRADAY ]NSE:HDFC
Observations:
1) On daily time frame, we can see it took support from 50DMA and managed to close above it's critical range of 2823-2828 level range.
If it gives again a dip till 2823-2828 level range and gets support then it will be quick buy trade.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 01-11-2021:
all the levels are same as earlier provided trade setup.
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 or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | HDFC | 20-10-2021 [intraday]NSE:HDFC
Trade Setup for Date 20-10-2021:
Most of the levels will remains the same as per previous setup.
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 or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | HDFC | 18-10-2021 [INTRADAY]NSE:HDFC
Observations:
1) On 1 day time frame, it took good support from 21DMA and closed above critical level 2800.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 18-10-2021:
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 or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | HDFC | 11-10-2021 [ INTRADAY]NSE:HDFC
Observations:
1) On 1 day time frame, it is resting above the critical zone of 2695 to 2720 level. Also it closed slightly below 50DMA which is placed at 2725.01 level.
If it able to sustain above 2725 level then we can see again bullish trend in HDFC from this support level.
If it breksdown this support range 2695 level then we can see down move continue.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 11-10-2021:
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 or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup | HDFC | 29-09-2021 [INTRADAY]NSE:HDFC
It has almost the same chart as NIFTY.
Trade Setup for Date 29-09-2021:
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 or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup | HDFC | 27-09-2021 [INTRADAY]NSE:HDFC
Observations:
1) On Daily Time frame, it broke 10DMA on 23-09-2021 and on 24-09-2021 it took support from it and closed with green candle.
It has a characteristic to not to stay below 10 DMA for long time untill and unless there is some negative news about it.
Please refer below chart : Daily time frame.
2) On 30min time frame, it has made double bottom pattern and gave breakout. Next critical resistance is 2850 level.
Sustainable breakout of 2850 level will make it bullish till target of 2900-2930 level for short to mid term.
Please refer below chart : 30 min time frame.
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Trade Setup for Date 27-09-2021:
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 or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup | HDFC | 17-09-2021NSE:HDFC
Trade Setup for Date 17-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
Simple Trade Setup | HDFC | 07-09-2021NSE: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 level range and gets support from it.
Please refer below chart : 1hr time frame.
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Trade Setup for Date 07-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | HDFC | 13-08-2021NSE:HDFC
It has been trading in that zone since last 3 days. And today it closed below 2665.
Keep RSI indicator in watch. If it break out the 2668/2670 level and RSI also breakout that trendline then we can see an upmove in the stock and it will be a quick trade for buy side.
All other targets and levels are mentioned on the charts. Hope it is easy to understand.
Do comment your doubt or suggestion.
All the best for tomorrow.
Simple Trade Setup | HDFC | 11-08-2021NSE:HDFC
Simple Trade setup with levels for HDFC on 11-08-2021.
Levels and chart is easy to understand. Based on your skills and experience you can take trade on either side. If you are beginner then better to go with safe trade on breakout or breakdown of levels.
Further on daily time frame, it has tested it's previous resistance as well as breakout level of 2635 and took good support on 10-08-2021.
Please refer below daily time frame chart.
My personal view is bullish.
Hope I make it easy to understand trade levels and setup.
Do comment your doubt or suggestion.
all the best
HDFC Looking WeakSell below 2650 for the targets of 2620, 2595, and 2570 until 2682 is saved on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team