HDFCBANK
HDFC BANK SHORTHDFC BANK SHORT.
The Banks have started to show weakness and HDFCBANK has broken a crucial level of structure
hdfc bankvery simple yet effective.
any upward move over support has a potential to give 4.30%
if the support of 1532 breaks go short upto until next support.
HDFCBank short HDFC Bank reacting from 1.618 Fib and 2.618 FIB Projection. Bearish Div on Daily.
Short below 1580 with SL as 1625
Tgts are 1500 and 1450
Nice R:R
SBI- Will it proclaim the throne of biggest lender?The stock has broken out of 10 years of range. Volumes like that were seen a decade ago atleast. Is smart money giving another attempt to India's Biggest lender? Will it Exceed HDFC Bank's Market Cap this bull run.
Well, time will tell.
HDFC BANKS LONGPRICE GO UP AND NEXT PROFIT TAKEING AREA IS 1655 THEN MAYBE PRICE DOWN SOME AND RETRACE.NEXT IS NEXT
HDFC BANK SHORT POSITION YOU CAN MAKE IT CAN GIVE CAR BOUNCE HDFC BANK SHORT POSITION YOU CAN MAKE IT CAN GIVE CAR BOUNCE BEFORE IT FALLS............
Trade Set up See here I have made major support and resistance lines in a 1 hr Chart for Nifty. As you can see 14347 to 14443 (86 Points ) zone is a painful one. Markets can be very volatile in this range hence for this zone best will be to use an option hedging strategy, do not take a directional view in this range. Also, keep an eye on the support trendlines near closing i.e 14371. Closing below support Trendline line (Retest may occur or not I can't predict if it does and again red candle forms then markets will definitely touch 14222 and then to next support ) will cause some selling. Use these support and resistance and trendline to enter trades. In terms of going long look for trendline breakout in 30 or 15 min candle. Remember as markets fell heavily on Friday therefore general trend in the retail trader is to short the market. You shouldn't be impulsive in shorting, always wait for confirmation don't get trapped on any side, try to read the psychology of 90% of traders, and smartly make your move. See those who missed the rally will always come to buy at major support levels, hence you can use these to do scalp trade on the buy-side too to earn quick money till budget during intraday.
Short sell opportunity in HDFC BANKDistribution phase expected
Kindly trade at your own risk.
Good Luck 🤞
My first Analysis | HDFC BankAs you can see strong support 1440 levels and even if it breaks down it can reach down to 1420 max.
You can buy with SL 1410 and for long.
P.S: This is just my view, take position at your own risk.
HDFC Life looks to be an injured BULL ? We shall see tommWe can expect a cooling off leading to retracement in HDFC life tomorrow if the price action is denoting weakness below the marked line then a achievable target should be in place for us .
VIEW31982.6 is an important level if bank nifty sustains below it short for the target of 300 to 400 points downside. As it is already below it short with a small quantity and if it retests this level and closes below it add more.
7th January HDFC Bank Intraday LevelsBoxes and dashed lines are strong intraday support and resistance levels
