HDFCBANK ABOVE SUPPLY ZONEHDFC BANK has seen a very good trending move yesterday and it also went above and also closed above the supply zone (1415-1425), which would now act as a demand zone, hence any dip in the stock would most likely be absorbed soon, as long as stock is trading above 1410 levels.
Immediate resistance is around 1480-1490 levels.
This trade offers a good risk-reward ratio.
Trade type: Swing, Breakout
HDFCBANK
Trade Set up Tomorrow could be a good day to trade on the sell-side if and only if we open flat or small gap up or down(50-60 points) and then 15 min candle closes below 32798.35. Add more quantity if 15 min also closes below 32729. Keep a target of 32564. In last 1.5 hr market made a range as you can see in the chart. Trendline break below or up, in that case, would give a small trade. Keep an eye on the upside trendline too, a breakout above it you can go long for a target of 33298. Gap up opening around 32950 to33050 would make the market volatile, hence in that case safe traders can short call above 33300 and put below 32700(exit this short trade before 1 pm).
HDFC Bank - Bullish Trend (Intraday - 19/4)Positive Side:
1. Formation of two bullish pattern - Cup & Handle Pattern, Flag Pattern. Indicating uptrend after the breakout (1432). Most probably, if we have a good early start and it can break 1449 and it will tend to reach the Target 1 (1460). So, ignore trading in this spot, if we have such situation.
2. Once the target 1 is achieved, it can form a V pattern. Which is again indicating a upward trend. Which is where the majority of profit booking is possible. Target 2 (1495).
3. If we still have a bullish run, it can move even further. But the volume profile, doesn't seems to be supporting it on Monday.
4. Moving Average 20 & 50 for the 1hr chart is about to collide, which tends to move the stock upward.
5. Can trade between 1450 and 1490, the region where we can see big candle in the volume profile.
6. HDFC Bank Q4 results: Net profit rises 18% to ₹8,186 cr
7. Bank Nifty is on the top edge side of a trendline
8. Perfectly matching with the Fibonacci Retraction.
Negative Side
1. If the market falls just like it did for the last two monday, we can expect the downfall for hdfc bank as well. So recommended to keep the stoploss at 1415.
HDFC BANK - CONFLUENCE STATEHDFC BANK - is at the confluence position. It was moving in a channel and broke down and came back towards the trend line today. It has made a cup formation and ready to breakout, or it can reverse from the trendline and breakdown again. Have a look on this and buy above the horizontal line only.
💎 Diamond Entry On HDFC Bank - Bears Just Got Wiped Out 🛑👀Hey traders,
So Today I was looking at my Screener 👀🤯!!
🔍 And I Found Something Outrageous...
I saw that bears have been completely Wiped Out From HDFC Bank on Daily Time Frame.
This is not a simple Intraday Trade.
This is a location in time & space from where HDFC Bank has bounced again and again...
and even again for the last few months.
If you've been looking at NIFTY - Bulls Were Raging upwards for the last few months.
There was no good place to buy, as pullbacks were simply not worth the risk.
but Right Now - HDFC Bank is on Crucial Support levels
Giving us an Amazing Diamond Entry.
Half of the battle can be won with good preparation
- this entry is giving us that 50% Edge Already (Even before it starts going back up).
So? What's the Plan?
🛒 Buy HDFC Bank Between 1487-1489
Sell 50% At 1638 ✅
Hold 50% For Price Discovery 🚀
So? Did you buy It? If not you would not get a better entry like the one we have here - Right Now
Would love to know what other stocks & even Crypto you guys are buying 😊?
Do you think Bears are Flat Dead? & We're ready for next Leg up 🚀🛸
HDFC BANK Analysis 04/03/2021as we can see there is a bearish divergence of Price with MACD and it got its confirmation as the price has fallen and tested the immediate Support Area, and MACD and signal lines has crossed in MACD indicator which is the sign of trend reversal and price correction.
the trend is range bounding in a ascending parallels channel and currently touching the top bond
we may have an other impulsive wave to the 1 TP and alternatively retrace down to the 2 TP.