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HDFC BANK LTD.HDFC BANK LTD.HDFC BANK LTD.

HDFC BANK LTD.

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HDFCBANK trade ideas

Simple Trade Setup | HDFCBANK | 23-05-2022 [INTRADAY]NSE:HDFCBANK Observations: 1) On 15min Time frame, we can see it gave breakout of resistance trendline. Please refer below chart : 15min time frame. Also we can see that range of 1330-1335 will be a neutral range if price is trading above it then it will be provide support and if price is below it then it will work as resistance. Please refer below chart : 15min time frame. ------------------------------------- Trade Setup for 23-05-2022 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.
NSE:HDFCBANK
by Trading_hawk
HDFC bank longTranche 1 - 53 @ 1513 on 8 April 1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA Price bottomed at 1297... did an inverse head and shoulders and broke out of 200 EMA daily to top out at 1715 and then retracing to 200 EMA at 1500... this was because HDFC bank and HDFc merged 2. Is there any trend reversal in play? 1. Multiple divergence confirmations on MACD , RSI and MFI - Price broke out... now consolidating 2. At important support or resistance - horizontal - Yes 1500 at stable 200 EMA daily line 3. At important confluence of EMAs + price + support - Yes - 200 daily 3. How are the candlesticks behaving and what is the volume doing Huge volume candle and price candle on 1300 to 1500 range... also biggest merger.. will buy more if the price comes down 4. Is there any trend continuation in play? Looks like uptrend will continue... price should bounce upwards from 200 EMA daily 5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance) No pullbacks or breakouts as of now 6. Fundamental factors in play 1. Revenue growth - EPS vs PE ratio - last 5 years comparison - EPS rising Quarterly and Yearly... because of better sales... OPMs consistent... also PE ratio to EPS is very very attractive since 2017 2. Are institutional investors/promotors increasing their stake - Stake consistent in owners and institutional... big dip in retail and big pick by DIIs
NSE:HDFCBANKLong
by Golden_Ratio_Capital
HDFCBANK Head and Shoulders on WeeklyHDFCBANK has formed Head & Shoulders pattern on the weekly chart and is breaking down from its trendline at 1250 zone. Breakdown from here can take the price all the way to measured move target of 990-1000. Note that 200WMA may also act as support at this 1250 zone and we may see the price halting here, hence 1250 is a crucial support zone for the stock. If held, price can retrace back to previous highs as well. Watch out for break of 1250 for a medium-term fall in price.
NSE:HDFCBANKShort
by vipulmehta817
2
RELIABLE CANDLESTICK PATTERNPattern Name: Bullish Engulfing Pattern Type: Bullish Reversal No. of Candles: 02 How to Identify it? 1)There must be a preceding Downtrend. 2)A short Red candle followed by a long green candle. 3)The Green candle should open lower & closes higher than the Red candle. 4) The Green candle should completely engulf the Red candle. The psychology behind it : 1)The Bears lose momentum & the Bulls take charge and manage to close above the red candle. 2)It implies the bulls have fully overridden the bears. How to trade it? 1)Look for the Bullish Engulfing at the bottom of the Downtrend. 2)Upon confirmation, open a Long position in the 3rd Candle. 3)Place a Stoploss below the low of the Green candle.
NSE:HDFCBANKEducation
by farhanf7867