After a consolidation, HDfC bank chart breatout then retest at 200 EMA. Monday if market bullish & 15 mint candle is strong bullish then go for buy and set nearest SL....
#HDFCBANK trading 1527 formed bullish pattern,
yesterday trading our retracement level,
we can buy above 1536 and tgt for 1570,
positional tgt 1600 and
follow SL 1505 closing basis
Description : HDFC Bank at lower levels following support area and a trendline zone as well.
Support Area : Support at 1420-1450
Resistance Area : Resistance at 1550-1575 if broke above it then 1675-1700 Zone to watch for.
Will Sell a Put of HDFC BANK
Reasons to do the same:
-RSI above 60
-MACD Crossover
-High volume
However, the volume isn't larger than the past 5 trading sessions, that is why selling a put seems a better option than buying a futures.
Today $HDFCBANK opened with a gap up with very heavy opening volume. Its been consolidating for a few days and Today's breakout may indicate fresh buying interest in this stock. Buy $HDFCBANK only above 1570 with SL 1540 targets open. This can be traded for Day trading also buy strictly above 1570 only. No shorts please no matter if it starts falling. Operators...
Short above 1520, Target 1 - 1487, Target 2 - 1450, Target 3 - 1430.
Bank Nifty is Still Bullish, so it a risky position.
(Note. This is not a trade recommendation, just for educational purpose only)
HDFC BANK Futures on Weekly Chart
First day of the week and its already starting to get interesting.
Anyways need to see the closing of this candle.
Remain Cautious Till U see the price below Rising and Falling Trendline (Both)
NSE 
