HDFC Bank breaks out!!!Covered call strategy is suggested and later when the price is right hedge it with collar.
HDB trade ideas
HDFC BANK -10 Dec 2022 AnalysisHello Traders,
HDFC BANK 1 HR analysis.. HDFC Bank are in consolidation zone... when it brakes 1633 level it will go upside.. keep add this stock in your watch list...
HDFC BANK WAVE 3 PROJECTIONNSE:HDFCBANK getting ready to break year long consolidation.
Can go manyfold in Wave 3 & 5 higher.
#HDFCBANKHDFC Bank stock is in consolidation phase with volume rising in weekly time frame, BO level above 1635 if sustain for new high.
HDFC Bank forming flag and pole pattern.HDFC Bank has been halting on the higher levels and is consolidating in a 3% range.
The stock has been forming a flag and pole pattern on weekly time frame.
The stock has closed near the resistance zone and is trading above the 20 DMA.
Banknifty has been forming new highs and HDFC has the high percentage in the index.
Trade can be carried in this stock for either side.
Bullish Target :- 1710
Bearish Target :- 1540
Stop loss should be less than 5-7 points.
Wait for the price to crosses and close outside the consolidation zone i.e. 1592-1638.
Swing, intraday and positional trade can be carried in this stock.
HDFCBANK 1D Breakout1. High chances of breakout after Multiple testing of level and 20 days consolidated in range.
2. Higher high and higher low last 5 days.
3. Possible long with 1st 1670 and 2nd 1720 with support at 1590.
HDFCBANK - Ichimoku Bullish Breakout Stock Name - Hdfc Bank Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1642.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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HDFC Bank; On verge of breakout of 1 month rangeHDFC bank is looking good to give breakout. Stock is trading in a range since last one month. Seems HDFC bank will lead the next round rally in Bank nifty also. Keep on radar for breakout
HDFCBANK Daily AnalysisPennant Pattern observed in HDFCBANK
Can breakout go towards resistance tomorrow.
Target 1630.
Expecting breakout of pattern above 1630.
HDFC BankHDFC Bank #2Hr is forming a penant flag pattern. Concentrate on BO. Target is the flag pole reflection. It's good for swing trading.
HDFC Bank 1 Hour Time FrameHDFC Bank is consolidating at 1hr time, probability of bullish breakout in much higher in this scenario
1- After a nice bull run consolidating at resistance area.
2- Market sentiments are bullish specially in banking and finance sector.
HDFC BANK FALLING TRENDLINEHDFC BANK gave a breakout above 1604 of a falling trendline , can initiate long positions with a very small stoploss of 1599 which is almost 0.2% .. It has a huge potential with a small risk
HDFC BANK RANGE Hdfc bank is moving within a parallel channel between 1590 and 1640 , Buy HDFCBANK above 1640 or Sell HDFCBANK below 1590 , both on daily closing basis . Same with stoploss , if buying then SL 1630 on daily closing basis , if selling then SL 1600 on daily closing basis . Currently wait for breakout or breakdown
Summarized view_HDFC Bank_BullsihWeekly time frame:
We have seen a simple correction in wave 2 & a complex one in wave 4 (alteration looks perfect)
Now, it looks like we are in wave 5.
I am into this since 1550 and with TSL protection.
HDFC bank It's hourly based analysis.
It may take 2-3 days max to reach the target.
Don't carry longs on Friday as weekend news can be bad for market.
You can buy Monday @9:15 for best if market open flat.
Avoid huge gapups and gapdown.
Wait for retests if gapdown happens.
HDFCBANK Intraday 02-12-2022NSE:HDFCBANK
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
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This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
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You are solely responsible for any decisions
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Nice consolidation in this blue chipThis is FIIs darling go to stock. Consolidating nicely in the box. Good spot for accumulation. Maintain SL.
hdfc bank double top formeddouble top formation in hdfc bank.Let's see how it going to perform in upcoming days.
HDFC BANK WEEKLY HDFC BANK major support zones for investment. one can accumulate in dips for long term investment.
