HDFC BANK AnalysisHDFC bank over all view is given. It is not recommendation, TRADE @ YOUR OWN RISK.
HDFA trade ideas
HDFC BankHDFC Bank
Approaching resistance.
Short Term trend is up till trading above rising trendline.
Staying above 1403 may move towards next resistance zone of 1462-1472
HDFCBANK Levels for 25-May-22(Intraday)Buy above 1322 for 6,13,20+++
Sell below 1314 for 6,13,20+++
Double pitchfork and triangle breakout
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
HDFC near long Term SLAs per trend lines, HDFC is near Long term SL i.e. near 1280.
SL still can be extended till 1230.
Only for referral purpose.
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.
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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.
HDFCBANK Levels for 23-May-22(Intraday)
Buy above 1325 for 6,13,20+++
Sell below 1318 for 6,13,20+++
Analysis based on double Pitchfork strategy to get best entry points
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
HDFCBANK - Looking good for accumulation Hdfcbank - Looking good for accumulation as it is oversold and trying to move up. 1370 looks crucial. It can rally if 1370 crosses decisively
HDFC DO OR DIE It will either go up or fall down very badly so put a stop loss at 1250 and close ur eyes and sell if it reaches 1450 NSE:HDFCBANK
HDFC Bank: Trading in downward channel HDFC Bank is trading in downward channel since last one month. Keep on radar for channel breakout.
HDFC Bank is expected to fallHi all,
HDFC Bank is in Major Supply & Demand Zone, so i it being expected to fall in coming days.
expected another 17 to 20 % correction.
hdfcbankOne can look at it
Always follow Risk and Position Management❇️❇️
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LONG ON HDFCBANK (SWING TRADE)BUY HDFCBANK at 1348rs current market price and set a stoploss at 1270rs it is a big sl so don't buy with more then 10% of your capital. small target 1520rs risk reward.
