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.
Hdfctradesetup
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.
