HDFCBANK
HDFC BANK - Trend Analysis for InvestmentHDFC BANK - Trend Analysis for long term Investors
1. Golden ratio at 1110, It's a golden apportionment for the invertors to accumulate at this level.
2. It's not yet broken the 1st support at 1290.
3. Based on the NIFTY BANK weakness, the upcoming week will be more pressure on this bank.
4. Next support zones are 1275,1175 and 1110 respectively.
5. FII Slightly reduces the percentage of holdings for a couple of quarters, but at below 1100, they will start accumulating.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
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HDFCBANK JuneNSE:HDFCBANK1!
In HDFCBANK
above you can see the important levels and by *auto harmonic patterns* ( cypher ).
On its basis and some analysis we mentioned some targets.
If * 1400 * level break then our
Target 1 ------ 1420
And if upward movement remains continue then our
Target 2------ 1465
And if * 1380 * level break then our
Target 1 ------ 1345
Target 2 ------ 1285
Target 3 ------ 1195
I hope it will help you.👍👍👍
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HDFCBANK LONGNSE:HDFCBANK can be good choice for swing trade for a couple of weeks as it made an inverted hammer on last week on weekly chart, and closed above the inverted hammer's low point.
A good support zone for this stock is at around 1300.
Trade Details:
Entry: below 1310
Stop Loss: 1280-1285
Target: 1405-1410
Holding Period: 2-3 weeks
Happy Investing :)