HDFC bank sell given from 1700 , next Target 1390 On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
HDB trade ideas
HDFC Bank - Expect further correction of 10%After the quarter results, stock become bearish and may fall by 10% from current level.
✅Long resistance at Rs 1720
✅Dec'23 and Nov'23 low's violated
✅EMA 200 violated
✅Next support at Rs 1270
Thanks
-aJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
HDFC Bank at Major Support LevelsNSE:HDFCBANK has been hammered by the markets and is currently taking support at 200 Weekly EMA. This level has been touched or breached by the bank only thrice before today in more than 2 decades. This is certainly challenging for the bank and while it looks oversold, I would only buy above the current resistance of ~1700+ as this level has been a very strong resistance. Do not ignore technicals.
Huge selling in HDFC. How to trade it tomorrow.One side fall in the stock has impacted the indices too.
HDFC bank, is heavy weight in index, fell 140 point or 8.5% created a sell off.
It took a retest of 200 ema and has closed below both the averages. It may give another red candle tomorrow.
There stock has closed around a support zone and chance of testing 1500 levels are high.
Short position can be created below 1535 levels and targets can be trailed if the market remain in red.
Support levels:- 1505, 1470-80
The results are not that bad to make the stock fell so much. Some long term investors can accumulate some quantity.
Wait for a price action and enter only confirm trades.
HDFC bankPrice had a huge fall and now it is consolidating near an important support zone. In daily time frame 1450 - 1465 has double bottom support. If price gains strength at this zone, it can move up towards 1512. Otherwise the fall will continue further. This analysis is based on the assumption that price will take the support.
Buy above 1476 with the stop loss of 1458 for the targets 1493, 1512 and 1538. If the volume gains during this move then it can move up further.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Hdfc bank chart studyHdfc bank spot at 1720
Weekly time frame
Symmetrical triangle pattern
Horizontal resistance as per previous life high reversal levels,
over here life high levels would play an important role,
going ahead keep watch on daily price action, if not able to break above life high levels and sustain counter can give good retracement, of 5-7-10%
counter have already give good rally from 1460 to 1720 levels around 20%
keep watch, above life high levels if we see consecutive close than the view gets invalid and below that we can play it accordingly
HDFC BANK CHART STUDYHdfc bank spot cmp 1673
Hourly time frame.
Head and shoulder pattern formation,
neckline support around 1669 levels
once counter breaks below 1669 and sustain for 15-20 mins breaks down can be confirmed.
hourly candle closing below 1668 levels would be best scenario.
down side counter can slide to levels of 1616-1600 as per chart pattern theory.
its conditional view, so study will be active only if condition are full filled.
keep watch
HDFC bank 1470 Target hit 1530 resistance 1450, 1390 next TargetOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
hdfc bank ascending triangle support levelhuge fall even though the result was good
already it crossed pivot support level S1 and the trendline lower side
but anytime the stock get reversal because the stock has good fundamental.
it is good time to consider the stock.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
hdfcbank longhdfcbank is in weekly demand zone and monthly demand zone,, whci means that big financial instituy\tions were willing to buy the this stock at the current prices.. so that there must be pending buy orders left over in this zone.. there is high possiblitity that price might bounce from here.. mindful of the fact that this is a n aggressive trade .. its only for educational purpose
HDFC BANK : Near strong support area Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Ascending Traingle
📌 Symbol/Asset: HDFC BANK
🔍 Description: Stock has is trading in a pattern from last 3 years.
Now Stock is around the support.
We can see good bounce from 1450-1480 levels if support is sustained
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.