Selling HDFCBANK @ 2200- 2205 With Stoploss of 2230 Targets 2100 in next 1 week, Rising Wedge Pattern break down is been seen on the hourly charts of HDFC.
HDFC is moving up with good momentum. Its a Buy candidateat CMP 2515-20 SL 2453 Target 3000 Short term with in 10-15 Days.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be...
HDFC Future is on the bullish horizon. If it stands above 2792 then there is a high probability to reach T1, T2 and T3.
Entire analysis has done on the basis of quantitative analysis with considering other important data points and statics.
Please honour the SL in case of downwards move.
Entire data analysis was done on EOD basis. So let a positive candle stand...
As shown in this 240 mins charts, we have observed two similar kind of moves and similar kind of consolidation. Depending on the charts analysis, HDFC may be heading for 2800 levels in next 2-3 months time.
Currently Consolidating
Breakout may make it move towards next resistance levels of 2115/2145
Important Support levels mentioned on chart if breaks down.
Currently at support, But trend is weak.
Would look to short if stays below 1758
Critical Resistance around 1780/1800
Bullish moves only if stays above 1800
NSE 
