head and shoulder pattern found on hdfc bank head and shoulder pattern found on the daily chart of the hdfc bank
0A7I trade ideas
HDFC BANK TREND ANALYSIS (DEMAND & SUPPLY)Hi mates here I am sharing mine research on Hdfc Bank on daily time frame chart by some trendline to try to find out coming action in mine favorite Giant stock and that what we can see that today that it break a support below which I mentioned as downtrend support and closed below after taking resistance from up trendline and down trendline resistance too and gives a negative close so what are the coming possibilities in stock which I can see is that it could hit demand zone 1 and could bounce to downtrend support or resistance or could test to Demand zone 2 and bounce from there for demand zone 1 or maximum for downtrend support which will act as resistance cause price below support could act as resistance
-:Fresh Breakout we can see if only able to break Downtrend resistance and close above.
-:Fresh Breakdown we can see only able to break Demand zone 2 and close below.
BE A HERO, ALWAYS TRUST YOUR OWN ANALYSIS
Triangle PatternA triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = HDFC Bank
Time Frame= 1 day
HDFC BANKHDFC Bank range break out after long consolidation let see market pull down also banknifty pull down keep eye hdfc bank when decission (CE PE) banknifty , hdfc 1550 target triggerd,okh tomorrow session
HDFCBANK has gone weak nowNSE:HDFCBANK gave a closing below 50 DEMA on daily timeframe. Now it should show 1540-1530 levels soon.
hdfc bankhdfc bank important support ariya 1604 okh lets see banknifty move up when hdfc bank move up
HDFC BANK CHART ANYLYSISHere is the HDFC BANK CHART anylysis where the HDFCBANK Stuck in in Support & Resistance Parallely
HDFCBANK has gone in weaker zoneNSE:HDFCBANK has broken 1600 levels decisively today. But I don’t think it would break 1500 levels.
HDFC BANK 1 hrHDFC Bank travel in channel pattern... when HDFC Bank break 1585 level.. it goes down.. watch this level..
Enjoy trading..
Retracement to 1530 from current level.HDFC Bank is losing momentum for upside and is trading sideways from last two week. HDFC bank may give slight bounce till 1660 but will retrace to 1540 level.
One can open short position once it is around 1650 with losing momentum candle pattern. Target would be 1540.
This study is only for educational purpose.
Channel Support & Consolidation zoneChart is self-explanatory. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations.
#Hdfcbank cash : Looks good above 1640.10#Hdfcbank cash - Positional
26.12.2022
Looks good above 1640.10
and dips 1620-1625
(only after crossing 1640.10)
Stoploss 1610
Target 1690-1700/1740
HDFC near it's last 2 month support Currently HDFC is in a short term downtrend and near it's last 2 months support , Good for intraday traders , wait and watch for any big move tomorrow. Also nifty is in downtrend.
Happy Trading friends!
HDFCBANK has given closing below 20 EMA on daily timeframeNSE:HDFCBANK has given closing below 20 EMA and big bearish 2 candles are showing little negativity. 1600 levels soon.
HDFCBANK will show 1600 again?NSE:HDFCBANK was trading on a support of trend line for the last few days and today it gave closing below that. 1600 is a good support and can bounce back from there.
HDFCBANK holding it's bullish streak after a marobuzu todayNSE:HDFCBANK is keeping it's bullish streak intact after taking a perfect support it's trend line that too with bullish marobuzu.
HDFC BANK MUST BUYHdfc bank is about to form harmonic ABCD pattern above 1730 and a must buy from these levels Go long for 6 months to 1 year target of 2000/2233 if corrected to 1580-1550 levels add more.
Closely watching HDFC BANKNSE:HDFCBANK From this weekly chart of HDFC Bank we could see how the stock has been consolidating within the tight range of 1590 - 1650( yellow lines)
The stock is just 6% - 7% away from its all-time high.
So I will be watching this tight range ( expecting a breakout) considering support for bank nifty at the 42850 - 42700 level.
Apart from technical aspects, it is important to closely watch the monetary policy for tomorrow. The market expects a 25 - 35 points hike.
*Analysis is completely for educational purposes and not any kind of stock recommendation.
HDFC Bank : +2% Upside Potential(Swing Trade)HDFC Bank CMP 1660
Breakout & Retested the zone
Looks good for an upside potential of +2.28%
Trade can be initiated for a target of 1694 with stop 1640
Trade can be above 936 with a stop below 930 for a potential Target of 939-943-947-950
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
#HDFCBANK
The birth of the chart. The evolution of the tapeLast time we studied how the exchange price is formed, and we found out that it is important to learn how to read charts correctly in order to analyze price changes correctly. Let's see how a chart is made and what it can tell us.
Everyone who went to school probably remembers: to draw a function, we need the X and Y axes. In stock charts, the X-axis is responsible for the time scale, and the Y-axis is responsible for the price scale. As we already know, a chart is built on the basis of data from a tape. At the previous post , we have produced the following tape:
FB $110 20 lots
FB $115 5 lots
FB $100 10 lots
Actually, in addition to ticker, price and volume the tape also fixes time of trade. Let's add this parameter to our tape:
FB $110 20 lots 12/08/22 12-34-59
FB $115 5 lots 12/08/22 12-56-01
FB $100 10 lots 12/08/22 12-59-02
That's it. Now this data is enough to put points on the chart. We draw three points, connect them with straight lines and get a chart.
At one time, this was enough, because trades on the exchange were not frequent. But now some popular stocks, such as Apple or Google, have hundreds of trades per second with different prices.
If the minimum division on the X scale is one second, what price point should we put if there were many trades at different prices in one second? Or let's place all the points at once?
We will discuss that in the next post. And now, as a postscript, I want to show you some pictures describing how the tape was born and evolved.
Here is a picture of a stock player, looking through a tape with quotations, which is given by a special telegraph machine.
Each telegraph machine is connected by wires which, like a spider's web, entangle New York City.
1930's broker's office with several telegraph machines and a quotation board.
An employee of the exchange looking through a tape of quotes. It won't be long before all this is replaced by the first computers.
We'll continue today's theme soon.
