HDFCBANK
HDFC Bank-Daily Chart AnalysisHDFC bank currently up against a resistance zone.
Suitable trading side will be towards SHORT. WIth SL @ 1255. For 1stTarget of 1140. Risk Rs 20 Reward Rs.95
RSI showing neg divergence.
One can also go long on short term basis if SP closes above 1255 on 1 hr time frame with SL @ for a target of 1290+
HDFC intraday support and resistance After big bearish trend this stock is making correction wave before making any significance move
breakout above 1932/1951 will bring bullish sentiment back.
HDFCBANK - FORMED BULLISH HARMONIC PATTERN#HDFCBank - formed Alt Bat pattern on the hourly chart.
The Reason I am interested in this pattern is the price action near its PRZ i.e 1052-1046.
*Price Action - Notice Big bear candle with long lower shadow had huge volume, the big candles like this when do not see followup move often act as exhaustion candles, and in most cases prices either retrace some part of its previous move or may get reversed.