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...
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...
![HDFC: Simple Trade Setup | HDFC | 15-11-2021 [ intraday]](https://s3.tradingview.com/z/Zsm4mv3w_mid.png "Simple Trade Setup | HDFC | 15-11-2021 [ intraday]")
![HDFC: Simple Trade Setup | HDFC | 18-10-2021 [INTRADAY]](https://s3.tradingview.com/m/MQnNfx4E_mid.png "Simple Trade Setup | HDFC | 18-10-2021 [INTRADAY]")
