Trend Line Support.
EMA Support.
Near Lower Bolinger Band.
Fibonacci.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Please Consult Your Financial Advisor Before Taking Any Decision.
Educational Idea
NSE:HDFCBANK Sharp fall towards 2200 after market open which caused a runaway gap on the downside, only increases the probability of a short setup at 2279.15 with SL at 2290.50 and 2:1 target at 2256.45.
3:1 target at 2245.15 to be only...
HDFCBANK is testing the DAILY TRENDLINE now facing some resistance there after which breakout it could easily lead to levels of 2303 which will act as INTERIM RESISTANCE followed by, FINAL RESISTANCE ZONE of 23172321, On the lower band 2268-2265 will act as INTERIM SUPPORT followed by the FINAL SUPPORT placed at 2240 levels.Please trade with caution and consult...
HDFCBANK gave it's TRENDLINE BREAKDOWN and is expected to test the support of 2160(TEMPORARY SUPPORT) after which the INTERIM SUPPORT is placed at 2140, followed by the FINAL SUPPORT at 2105. On the upper band INTERIM RESISTANCE is placed at 2213 followed by the FINAL RESISTANCE at 2240. HDFCBANK can continue it's downtrend also bringing down NIFTYBANK with itself...
I have plotted the short term support and resistance. If there is any dip towards 2178-2175 Its a buying Oppurtunity, Because this the the value area for today's trading range.
1. Condition i) It has to sustain this level and make sure Your RSI is above 50.
2. Confirm 10 EMA crossover with 20 EMA.
3. Risk Reward ratio 1:1 for intraday.
Disclaimer: solely for...
HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank's segments include Treasury, Retail banking, Wholesale banking and Other banking business. The Treasury segment primarily consists of net interest earnings from the Bank's investment portfolio, money market borrowing and lending, gains or losses on investment operations and on account of trading in foreign exchange and derivative contracts. The Retail Banking segment serves retail customers through a branch network and other delivery channels, as well as through alternative delivery channels. The Bank provides its corporate and institutional clients a range of commercial and transactional banking products. The Other banking business segment includes income from para banking activities.
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HDFCBANK
![HDFCBANK: [Turtle] HDFCBank 2160 PE](https://s3.tradingview.com/s/SVKVDxpU_mid.png "[Turtle] HDFCBank 2160 PE")
![HDFCBANK: HDFCBANK Short Setup [Intraday]](https://s3.tradingview.com/i/iqcDOAdM_mid.png "HDFCBANK Short Setup [Intraday]")
