HDFCBANK
HDFC BANK Trend AnalysisI have made some changes in this analysis.
Kindly disregard my previous analysis linked below.
Now price is at key support level of 1300.
If breaks it can easily fall to 1000-1100 levels where trendline support will add confluence.
Accumulate at 1000-1100 levels for the following targets:
Short term swing target @ 1475 (40% ROI with 4.25 R:R)
Medium term swing target @ 1725 (64% ROI with 6.75 R:R)
Long term positional target @ 2350 (123% ROI with 13 R:R)
Stop loss @ 950 (optional)
Do your own due diligence before taking any action.
Peace!!
Bank Nifty Intraday StrategyHi Everyone...
Hope You all are doing good:))
Here are all the important levels of #Banknifty
How to Trade Today...
1. If banknifty break the levels of 35000 then go for PE, 35000 is psychology level and a good support so trade only after breakout only.
2. If we also got the market at the levels of 35800 then go for PE also
3. Go for CE if banknifty take support at the current levels.
That all for the day..:))
Waiting for a good pull up rise!My name is Sangam Tyagi . I give an idea on Hdfcbank which is largest component of banknifty. This stock shows consolidation between 19 April to 28 April . now, I believe it's time to capture " The confusion in the stock . This stock have an uptrend in bigger TF and have downtrend in shorter TF. I believe my trade chances is 60/40. The Stoploss and Target area is not like to set in stone. It will be flexible with trailing also.
Markets have always risky. Set your mindset before you take trade. NSE:HDFCBANK
HDFCBANK FORCAST - on the weekly chart : a green candle pushes the price over the level
- on the dailt chart : week bullish movements in the past week with a selling signal today
- personal opinion : the price will keep on fluctuating before choosing a trend, but depends on where the price sits now it more likely to a bullish explosion soon
- best move : wait and watch the movements in the next few day and wait . a buying signal will show it self shortly
Nifty, Banknifty and top stocks analysis for tomorrow + levelsNifty retested 17k yet again, and with VIX back above 20, the volatility continues. Bajaj Finance (BAJFINANCE) fell after its results, meaning now the focus is on BAJAJFINSV on how it may move during its earnings. Axis Bank, too, has its results tomorrow. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsRIL and IT stocks were under pressure today, dragging Nifty below 17k. Banks performed a little better despite pressure from PSU banks. Bajaj Finance (BAJFINANCE) has its results tomorrow, so let's see if it shows some wild moves! What are your views?