HDB trade ideas
HDFC Bank
1. Marked on the Chart are Fibonacci levels of HDFC Bank for last two days.
2. Be very neutral and do not have any bias watch these levels buy above 50% level and sell below that.
3. For those interested in investment; If we go by the previous swing Levels Taking High of 1683.1 and low of 1257.2. 1470.15 is the 50% Level. Therefore, 1470.15 is the most Crucial Level and Resistance for the time being is 1520.40 and support is 1421.59.
Price
High 1683.1
78.60% 1591.9574
61.80% 1520.4062
50% 1470.15
38.60% 1421.5974
23.60% 1357.7124
Low 1257.2
Disclaimer: I am not a SEBI registered Analyst. Please consult your financial advisor before making any decision.
HDFC Bank
1. Price Levels have been marked on 1H Chart of HDFC Bank.
2. Drawn is a green channel. Please buy above this only.
3. Use William's %R for execution, Rule to follow: Its value should be between -79 and -29. If the signal line goes above -79 buy, and if it comes down below -29 from above, sell. Should be seen in atleast daily chart.
4. Time wise past candles showing hurdles and future candles for Indian Markets are mentioned here below:
10-4-23 9:59 AM,10-6-23 3:08 PM, 10-12-23 12:53 PM, 10-18-23 10:39 AM. 10-23-23 2:42 PM .
10-26-23 1:35 PM 10-29-23 12:28 PM 11-1-23 11:22 AM. Ignore any candle falling on holidays.
If price is below any of these candles treat them as resistances and if above as supports.
HDFC Bank - Update
Acceptance and Rejection areas along with price levels have been marked on weekly chart.
Trade with confidence. Yesterday's candle of i.e 10-23-23 2:42 PM as was informed in case of Reliance was very important for overall Indian market. You must have noticed and can vouch that in almost all the major stocks, that trend changed sharply from this candle. But, not to worry at all, today being holiday, sell off came. But, now again watch this candle and mark high and low of this candle and buy above this whenever that level comes.
Next three candle which are important for Indian market are 10-26-23 1:35 PM, 10-29-23 12:28 PM, and 11-1-23 11:22 AM. Please mark these candles and buy only above high of respective candles.
Whichever candles I recommended from September 2023 to October 2023 till now, I am sharing here on consolidation basis and check them on varied stocks you will be amazed that trend changed from there only. If found correct, or otherwise please comment so that I can share my best material with you for mutual benefit of all of us. 9-8-23 1:58 PM, 9-11-23 12:49 PM, 9-14-23 11:40 AM, 9-20-23 9:23 AM, 9-22-23 2:31 PM, 9-28-23 12:15 PM, 10-1-23 11:07 AM, 10-4-23 9:59 AM, 10-6-23 3:08 PM, 10-9-23 2:01 PM, 10-12-23 12:53 PM, 10-18-23 10:39 AM, 10-23-23 2:42 PM. If you join these candles in a round in any of the Indian stocks or indices, you will be benefited to find the result. Please do this exercise for your benefit.
Disclaimer
I am not a registered analyst and make any decision in consultation with your financial advisor. I will not be responsible for any of your profits or losses.
HDFC Bank will go down to 1495 and below 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
HDFC - Perfect Reversal from 2:05 p.m. candle yesterday
Mentioned in my last so many discussions time of reversal of HDFC Bank and check the result exact reversal from this candle. Link provided.
Now watch this candle for further move 10-12-23 12:53 PM. On 12th October mark high and low of this candle and buy only above it.
Thank you.
HDFC BANK - DON'T BUY CURRENTLY#HDFCBANK #stockstowatch #nifty50
HDFC BANK - Currently broken the weekly up trend line and given reverse retracement also. Hence we can understand it may move to the next support Zone 1325 to 1280 levels in coming months.
Buying Only after the Down trendline breakout.