HDFCBANK
HDFCBANK intraday setup for 22nd JuneLong and short entries shown...
If gap up, short below R2, if gap down, long from S2...TGTs shown....If within prev day range, tgt R1 - R2... Short below prev day low, target S1 (very short entry)....S2....
HDFC BANK ::: LONGMy analysis
INSTRUMENT: HDFC BANK
TIME FRAME: DAY
Other time frames for confirmation:
1hr, 3hr, 4hr & day time frames.
INDICATORS AND THEIR TRENDS:
PSAR: Bullish
STOCHASTICS: Bullish SUGGESTED TREND: Bullish
Technical levels for End of day:
CMP: 990.40
Buy above: 978.50
SL: 950
TARGET 01: 982
TARGET 02: 986 , 996, 1001
HDFC BANK is it is expected to be bullish on a short term basis. We are expecting that if it stays above 1042 then we may even see 1051, 1076, 1085 levels also.
Banknifty 12th juneHi traders
11th june trade: Hi, I updated on my trading channel in the morning to short the bank nifty with the target of 20650-20350 as updated on the tradingview yesterday.
12th june expectation: It will be a bearish move now first a gap down we can short it in the morning directly support 19700/19500/19000. Resistance is at 20100/20650/21000.
My suggestion wait for a bounce a don't long there sell that bounce.
To get live updates during market hours you can message me.
HDFC Bank Hdfc Bank above 1044 is breaking the trend and also closed above the Monthly Camarilla H4 on a daily basis.
Support & Resistance Analysis on Bank Nifty Near term support and resistance on bank Nifty.
Trend reversal is to be expected to break the long rising streak of more than 1700 points.
HDFCBANK - Buy on Dipsif stocks sustains 9060-9030, its probably heading towards 1060 levels on the upside.
HDFC critical level to watchHDFCBANK is near to it's critical support level range 820 to 810. It's has broken it's uptrend channel and now in consolidation.
Overall trend is bearish.
Coming Tuesday Levels to watch
if -GAP UP OPENING ABOVE 849.5 then can see 15 to 25 point moment upward,
if -GAP DOWN OPEN BELOW 826.14 then can see 12 to 17 point moment downward
HDFCBANK - GO LONG FOR A GREAT RRHDFCBANK - GO LONG @ 871 WITH A SL OF 852 AND A TARGET OF 844. TARGET SHOULD BE ACHIEVED BY 20 MAY 2020
HDFC BANK LONG TERM OPPERTUNITYHDFC BANK LONG TERM BUYING OPPERTUNITY 550-650 IN COMMING DAYS
UPDATE :- FALLING WEDGE BREAKOUT , NOW ITS TESTING SUPPORT .
THANKS
HDFC Bank Has 20% Downside Potential If Below 955HDFC Bank is stuck below former support near 955, which is also the 38.2% Fibonacci Retracement of its recent decline. As long as prices are below 955, then there's a risk that the stock retests its lows set in March near 740. As the largest component of the market's largest sector, this will likely continue to weigh on Indian Equities in general. With momentum also stuck in a bearish range, a downside continuation in this stock appears to be the higher probability outcome and we'd expect a retest of the March lows in the weeks and months ahead.
HDFCBAMK - GO SHORT FOR A GREAT RRHDFCBANK - GO SHORT @ 944 WITH A SL OF 993 AND A TARGET OF 810. TARGET SHOULD BE ACHIEVED BY 12 MAY 2020
RISING WEDGE IN HDFC BANKTAKE POSITION ON BREAKOUT SUPPORTED WITH VOLUME. ALTHOUGH IT IS A BEARISH PATTERN BUT SIDE OF BREAKOUT IS IMPORTANT FOR TAKING POSITION.
STOP > HIGH OF LAST CANDLE FOR SHORT/LOW OF LAST CANDLE FOR LONG (IN WEDGE)
MINIMUM TARGET - HEIGHT OF PATTERN
