HDFCBANK is making lifetime highs and is expected to go up further.
Everything marked on chart.
There's no chart above this, so target; you could set according to risk:reward.
Here, CMP = 1309
SL - 1277-1293 = (16-32 points)
Target - at least, 50 points for positional / 32 points for intraday.
3rd Imluse wave? Lets see...
Breaks DT and its long ride on NH3 for traders with patience
else
if Neck line is broken, Option traders still mint...
Money on both sides for being patient.
Made a double top in 1 hr charts. For short term trades.
Else:
HDFC Bank is on 3rd Impulse wave ( WEEKLY Charts) provided it passes the test of double top failure...in that case Option players are going to mint mint and mint. Else, wait for neck line failure, and then Option players are going to mint mint and mint...
HDFC Weekly is nearly all time High if continue further uptrend
can test retracement 2.618. Otherwise, will test the Low Levels.
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts are for...
The target of 61.8% (1238) met as expected, now prices are getting rejected here, suggesting the demand levels of 1210-1207 likely to be re-visited again.
Trade gets negated on an hourly close above 1244.
Within the broader range of 1210 and 1160, the stock is currently showing strength at the 61.8% FR (1180). The RSI has come to its bounce area. One can expect a Range breakout of 1180 is sustained on an hourly time frame. The stock should initially target the higher end of the range (1210), and eventually breakout and test 61.8% FR of the fall from 1288...
In the last 24 months HDFC bank has consistently outperformed the NIFTY and in the last 18 months it's given better results that the BSE:BANK. In the short term the stock has shown side wards movement between 1150 and 1320 levels. Currently the price is in the whereabouts of 1200. The scrip has posted good quarterly results and CAGR on sales and profits YoY are...
To invest in a good stock, sometimes a simple trend line or trend channel is sufficient to identify an entry point. HDFC Bank stock has been in an uptrend since year 2009. The stock has been correcting from 1310 levels and is nearing first key support at 1120. Lower long term support is at 920. Looking at the prior trend, entry at 1120 looks tempting. Start investing :)
HDFC is consolidating for the past 10 days in the range 1175-1200. A close above 1210 should take the stock to 1238. Watch for fib level resistances. SL for long is 1175. The stock is at weekly support and very unlikely that it breaks on downside.
HDFC Bank has been trading in down trend and trading in bearish channel, it saw some gain on wednesday but closed on week sign, it has touched channel resistance and may target the channel support.traders may enter short at slight higher price with a target of 1170 first target, if breaks this level next around 1125-1130 the crucial 50% fibo level.
HDFC Bank after breaking up trend has been trading in bearish channel from several week, in spite of breakout it could not sustain the trend reversal and turned false breakout and today closed within the bearish channel again. now it is again in the same bearish format, traders may short at CMP with a target of around 1195-1192 as its channel support and look for...
what i think that every time the stock tries to come down bull knocks the bears out of the market.but if there is any bearish engulfing pattern or you can go long if stock shows some bullishness. but i clearly se it it is making support at MA
HDFC Bank seems to be approaching it near term support Rs.1219.99,it may retest 1260.00 before going in the same direction, if market goes green it may go up to 1260 or if negative it may touch somewhere 1225-1220. In my opinion one should stay short up to 1220.00
HDFCBank might have completed its correction at 1224 (end of 5th downwave). New uptrend quite possible, may go for double top at 1320 coinciding with Nifty's DT at 8980-9000 & Bank Nifty's 20600. Let's see. Today's closing should be above 1240 (89 DMA) making hammer on daily charts & with upside tomorrow resulting double hammer on weekly charts. Long positions...
If the 5th wave is completed with the previous support of 1210 - 1225. We can expect some upside recovery.
Corrective waves shown as a,b,c are just the directive guidelines.
Kindly confirm at your end before initiating the trade.
