HDFCBANK
HDFC Bank | Still weak | Still in Downtrend`Friends, please support this idea with LIKE if you find it useful.
Downtrend continues. Use the pullback to get in.
Thank you for your support, I appreciate it.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
HDFCBANK Long Term OutlookHDFC Bank is currently trading at support zone and the trend is turning to bearish.
From the 200 Weekly MA HDFCBANK made a pullback, from this level few days or weeks of range bound distribution phase can be seen, RSI is below 30 and price is below the Ichimoku Cloud and it is turning to bearish, Alligator is bearish.
If one or two weekly candle closes below the 200 Weekly MA we will see then the price will go to near 550-650 zone in long term.
HDFC Bank - Going strongHi Friends,
Just did an analysis on identification of various levels that have acted as important support and resistance levels on HDFC Bank share price
In fundamental analysis, we always come across buy low, sell high...
How low is low.... and how high is high...
These support/ resistance lines will help in identification of various levels, respected in the past and may act as a barometer to the above identification problem
Any dip to these levels below may well be good times to accumulate the stock
Please see my other analysis on Nifty 50 and other Indian benchmarks alongside to create your view.
If I was holding this stock, I will Continue to hold and buy on dips to any of these levels.
Trust this helps
Please share a thumbs up if you like what you see and you could post your comments , that helps to get feedback
Cheers
HDFC bank Intraday setup for 23rd JanuaryHey Everyone,
HDFC bank also made low in their H&S neck line. but still we need more confirmation because this is the support area too . yesterday low and high both important and we will setup our trade on it. Buy above 1256 sl : 1240 and sell if 1240 broken sl is same closing basis
Nifty 50 Intraday Setup for Monday 20 JanuaryHello Everyone,
Nifty is struggling on Harmonic Prz ( Possible reversal zone) which is on 12384. Tested Multiple time and give a reversal in Intraday but this gonna to breakout today. We need to consider a long Position above 12400. Stop loss should be 12352 Closing Basis .
Regards
CodeViser