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HDFCBANK

HDFCBANK - Good time to enter/pyramiding - Swing/InvestmentThe above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on weekly TF hence price may take few days to few weeks in order to reach the targets. Trade Entry - Either above the high of breakout candle or on small pullbacks Target and SL for both patterns are given in image. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
NSE:HDFCBANKLong
by AdityaKarn90
2
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).
NSE:BANKNIFTY
by vivekz_142
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.
NSE:HDFCBANKLong
by VigneshRaja-UthayaKumar