HDFC Bank - Ascending Triangle Breakout - Go Long (Swing Trade)HDFC Bank has broken the resistance and took retracement at 1410 level.
Swing Trade:
We can Buy now
Stop Loss = 1405
Target 1 = 1482
Target 2 = 1525
Thanks
0A7I trade ideas
HDFCBANK - Ichimoku Bullish Breakout Stock Name - Hdfc Bank Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1465
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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HDFC Bank Given Breakout of Narrow range of 7 sessions.HDFC Bank Given Good Move Today.
Formed Head and Shoulders Pattern and Given breakout of Narrow Range of 7 sessions.
Expecting 1556 to 1600 levels in this month.
#AscendingTriangleChartPattern #Range #Brakout Target As Per Range Breakout 1485 Keep SL Below 1425 Rs
HDFC bank CMP 1404 buy for target 1450- 1500- 1532- 1600-1700+HDFC bank CMP 1404
buy for target 1450- 1500- 1532- 1600-1700+
Can buy fut or 1500 ce and hold for 1 month
Sl below 1333 - daily candle closing basis
9 MONTHS WEEKLY CONSOLIDATION IS BROKENWhy Bullish ?
Reasons :
1 . As Shown In The Link Shared - 9 Months Consolidation In A Certain Pattern Has Been Broken With Marubozu Candle.
2 . At The Same Time Rsi Pattern Has Also Been Broken - Giving Confirmation For The Strength Of This Trendy Marubozu Candle not only this It has broken W pattern as shown inside the box .
3 . Last But Not The Least - Stock Market And Global Market Sentiment Has Gone Bullish At The Same Time - Which Is Backing The Overall Story.
Best entry might generate after the retest of the box made .
Exit Positions Have Been Marked But Most Probabily It Will Hit All Time High Atleast - After This Long Consolidation.
Kindly Comment If Anyone Found This Information Helpful Or Anyone Who Takes Position After Reading This Article.
Thankyou.
Base Building in HDFC Bank Base being built inside the gap if it sustains above 1462, we can see momentum towards 1666.
Targets are marked as follows T1, T2, T3. There's a W/ Double Bottom active. Trend line is marked with dotted line
5 EMA StrategySteps to use 5EMA for investing:
-Use monthly TF on charts
-Add the 5EMA indicator
-5EMA should not touch the high of the monthly candle; we'll refer to this as the 'Alert candle'
-Entry point: following month candle crosses the high of the Alert candle
-SL: low of the alert candle
HDFC BANK; easy 20 percent hdfc bank; weekly time frame clear doule bottom breakout; daily time frame clear breakout & sustaining over it : kabhi bhi blast ho skta hai; easy 20 percent; all banks rallies except this share; dont run after penny & momentum stocks; hold it for 3 months for easy gains;
HDFC Bank Swing trade !HDFC Bank has made a double bottom on weekly time-frame, and has also given a break-out. The stock is taking support from 200EMA of daily time-frame, you can go long once you see a good bullish candle on 1D time-frame. It could be a long-term swing trade (Positional Trade). Suggested targets 1480Rs, 1511Rs. You can also make this as an investment opportunity because it is almost 15%-16% down from its 52Week High time high.
:warning: Place Stop-loss logically // Trade with your own risk // Trail your stop-loss once it reaches 50% of the target/
Cup and Handle Pattern in HDFCBANKHDFCBANK is forming a cup and handle pattern on a daily time frame.
The cup and handle are considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks
Expecting good upside move in HDFCBANK
Target 1465/1480/1500
POSSIBILITY OF SHORTING HDFCBANKHDFC Bank had crossed a major resistance and was expected to breakout from there. However, it seems it has lost the momentum and now is prepared for a short correction.
- After crossing the resistance HDFC could not last high of 1448
- RSI is now just below 50 and is going down the Moving Average of RSI, in 30 minutes chart
- Volume is in decreasing trend after crossing the major resistance, in daily chart
- Now the formation of head and shoulder pattern looks imminent visible in 30 minutes chart. If the formation fails or doesn't happen, wait and watch.
T1 - 1418, T2 - 1397, Stop loss - 1435
HDFC BANK; SWING TRADEHDFC BANK; Go long it has given breakout & retested; all banks rallied except hdfc bank'; Fundamentally strong; Play safe;safe swing trade; hold it for 2 to 3 months you will get easy 20 percent return; don't run after penny & momentum stocks
HDFC BANKHas retested the breakout positively today but only thing lacking is the strength.. lets see looks mild positive untill crosses recent high
HDFC BANK FORMING HEAD AND SHOULDER PATTERNHere we can see HDFC BANK forming head and shoulder pattern of 15 minute time frame so here we can short it on 1426 having target of 1421 and 1416 on intraday basis if it breaks the trend
Line.
Buy HDFC BankHDFC Bank is showing strong upward movement. It has crossed a strong resistance - Blue color in chart. It is now moving in the price channel and has taken support at 1424 (Black color small line).
The RSI has reversed from the level of 50 and is showing upward movement.
It may be purchased for a target of 1528 which is the next strong resistance
HDFCBANK - BREAKOUT EXPECTEDStock is placed in a sweet spot. Go long above 1410 for that gap to be filled above. Going to be exciting swing trade above these level.
HDFC BANK Aug positionalHDFCBANK has given a good breakout of a strong resistance. It could go to 1560 levels before august expiry if retest survived
HDFC BANK BREAKOUT Hdfc bank looking strong on weekly charts gives a breakout on falling resistance trendline and horizontal trendline too and closed above on both trendlines it is indicating some good up moves in coming sessions
CAUSE OF LONG
1- Falling trendline breakout
2- Horizontal trendline breakout
HDFC has given breakout HDFC bank has given a breakout from channel pattern. Wait for retracement to take a trade as the confirmations in day's chart is not strong.
HDFC Bank : Trade Plan 29 Jul 2022 onwardsLevels as mentioned on the chart
Follow up chart
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
swing traders keep a eye on this stockstock name : HDFC BANK
Let see the price action = ascending triangle pattern formed + good volume
buy above1425
1target = 1530
fix your stop loss as per your R:R.
let tell your opinion in comment
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