HDFCBANK - Buy on Dipsif stocks sustains 9060-9030, its probably heading towards 1060 levels on the upside.
HDFCBANK
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
HDFCBANK ::: SHORT05 MAY 2020
INSTRUMENT: HDFCBANK
TIME FRAME: DAY
OTHER TIME FRAMES FOR CONFIRMATION:
4 hr. DAY, WEEK
INDICATORS AND THEIR TRENDS:
PSAR: Bearish
STOCHASTICS: Bearish
SUGGESTED TREND: Bearish
End of day levels
CMP: 911.45
Sell below: 911
SL: 915.30
TARGET 01: 905.58
TARGET 02: 901.77 – 901.38
My analysis of HDFCBANK is expected to gap down and will mull slowly down giving a sluggish move to sideways trend tomorrow. The problem will start If it stays below 901.38 levels if so then we may see a bearish trend in HDFCBANK for some more time.
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS the views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
LONG HDFC BANKLong HDFC bank even though it broken the channel still it is holding its near support region. So expecting tomorrow market will start upward
movement and and HDFC bank may start leading the bank nifty. Because PCR is 0.51. It showing bulls will take charge from tomorrow. Lets see what will happen.
Is ICICI BANK a next HDFC BANK?Since i was already bearish on ICICIBANK since early FEB 2020. Now looking at market structure i see some resemblance in Eicher motors 2003-08 structure. We know what kinda price action happened post 2009 on Eicher Motors, if thats case we found our next HDFC BANK.
HDFC Bank 29-4-2020 EOD chartPlease share your thoughts and advice on this chart, this is the first chart I have plot for educational purpose.
HDFC BANK SHORT BREAKOUTHDFC Bank shown good breakout in 4 Hour chart after breaking resistance level today shown good momentum and hope it will show this momentum further upcoming few days also.
HDFCBANK - GARTlEYHDFCBANK NOT able to cross gatley prz zone from past 9 trading session.
And created a range of 40 points
Stock trading sideways so far , hence range breakout will decide the further trend in the stock.
Above 970 - might see 1020 or 1070 levels.
Below 910 - might 850 levels
HDFC bank breakout - above 960HDFC bank long call idea:-
Points to keep in mind if want to trade.
1. US futures should be up i.e should be in positive territory.
2. To capture this move call can be hold only for two day till expiry.
HDFC BANK NSE:HDFCBANK HDFC BANK is following PITCHFORK levels well. You can even trade only with its support and resistance or if you are a safe player you can short below 920 for both intraday and positional purpose.
hdfc long 24-04-2020please check chart for a 1:3 trade. Entry levels, stop loss and targets are given .
HDFCBANK looks good as long as above 880 TGT 1025 / OPENHDFCBANK POSITIONALLY LOOKING GOOD FOR 1025
CMP 929.75
SL 880
