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 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.
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.
Trade Setup for 13-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it...
Break Out Stock HDFC
it is trading between the Demand & Suuply Zone in from few weeks but now a days in a BOX pattern
Guys Lookout for the Breakout above BOX pattern 3230 will be new Target
As i always recommend flow the Market be a Bullear all linear lines and pattern lines can be entry level
Various entry evels i have marked in the chart for your intraday &...
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...
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...