HDFCBANK
BUY HDFCBANK AROUND 1485-1490 TGT 1600/1715 SL BELOW 1375 The scrip is currently taking dual support on 20 week MA as well as pandemic lows trendline. Also the company is about to declare its result on the weekend , so it can be a good buying @ support levels for above mentioned targets with prescribed stop losses
Lalagi, Entering In Consolidation ? Weekly wrap Nifty50 27thSeptFirst step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trade plan
Nifty 50 : Trend is down on short term - Sell on rise.( See video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trade
HDFC Bank Trade PlanHDFC Bank (My Observation as on 19-09-2021)
1. On weekly Chart HDFC Bank seems to be following depicted harmonic pattern that has TGTs as 1720 (Min) and 1820.
2. 1516 being B/O level of this pattern and encountered with rising channel upper band resistance during I week of September.
3. Revered from top of the channel and again heading the same upward direction.
4. Break and stay above 1600 for a week will trigger 1640 as short term TGT.
5. Weekly ATR is Rs. 60 means if sustans above 1600, we might see 1640 - 1660 during September only.
Next Week Target 17500 #Weekly Wrap #Tradeplan #Nifty50 130921First step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trade plan
Nifty 50 : Trend is Up - Buy on dip ( see video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trade