Buy above 1505 for 7,15,25+++ Sell below 1498 for 7,15,25+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Ascending triangle pattern formation is seen one can take advantage of this pattern and take long position and make use of stop loss should be below lower trendline Keep sharing your ideas and don't forget to follow me Thanks
READY FOR BREAKOUT HDFCBANK EITHER ANY SIDE WATCH OUT FOR THE LEVELS ABOVE 1522 UPPERSIDE DOWNSIDE PIC BELOW 1487 BELOW SHORT FOR TARGET 1463 LEVEL STRONG SUPPORT AGAIN AT 1463
After the close of today's session (31/05/2021), Multiple bank scrips in NIFTY seems to be hovering around a defined resistance zone. Heavyweight HDFCBank seems to be one of them. Notes: - The Scrip was in a continuous downtrend channel which confirmed breakout on 21st May 2021 (Took support on the channel walls and gave a strong move up) - The scrip has...
HDFC BANK, has formed a base and has made a move towards its med to long trm trgt of 2300 = 50%.. small trgt would be previous high of 1620, where it can correct for another upswings...on the way till 2300..
Price is getting ready to break the resistance.
HEAD AND SHOULDER PATTERN IN DAILY TIME FRAME AS PER MY ANALYSIS LETS SEE WHAT HAPPEN
On the hourly time frame Hdfcbank is forming an ascending trianagle pattern. Target on the upside is 1603 Stoploss for this trade is hourly close is below 1490
HDFC Bank has given a beautiful breakout from the descending triangle, then retested and again risen. Today it has resisted 1511 level. If price falls we have support of 50 EMA just below. A support from the 50 EMA can be traded for the first target of 1511. If HDFC Bank rises from current level and closes above 1511 to give a breakout from 1511, it can be traded...
We all know what this is right, lets just say HDFC bank has consolidated enough and it should take a leap now. Trade Wisely This depiction is only for education purposes
- Simple price action - Inverted head and shoulder pattern - 5 min time frame cup and handle pattern - Use pivots target marked in chart
NSE:HDFCBANK 1) strong trending stock 2) Low volume pullback, wait for the stock to stop falling 3) stock entered stage 2 on hourly tf and then formed volatility compression, very tight price and volume
HDFC BANK is at major resistance at 1516 HDFC BANK has formed cup & handle pattern which is a bullish sign on a hourly chart HDFC BANK if breaks 1516 , we can expect upward movement till 1566. Let me know if you have any suggestions or recommendations. Thank you. Disclaimer :- Just an idea not any recommendation.