HDFCBANK living on borrowed time?HDFCBANK living on borrowed time? channel and RSI diverge.. False break up and return will end the bull run
HDFCBANK
Ominous signs for HDFCBANKLooks ripe for a significant correction on weekly charts.
HDFCBANK being the biggest contributor of the BANKNIFTY, the index should follow if this pans out.
With RBI policy meet this week and impending Gujarat election, it won't take much for hell to break lose.
I think it's very good time take profits off the table on bank stocks.
$HDFC in thin air now GO short$HDFC in thin air now GO short . Key long term Fib extension hit along with couple of resis lines
Strategy for one of the best Indian banksHopefully we see $35 on this one. This company will likely be an absolute monster in the future.
HDFC BANK - Expanding Triangle After a breakout from a long trending channel, the price action has formed another triangle formation that is likely to break downside in order to confirm previous resistance as new support.
Target 1205-1201
SL - 1255
HDFCBAK to go Up - As long as it holds 1210 LevelsHDFCBAK to go Up - As long as it holds 1210 Levels.
Results are good.. So today it might drop a bit more, but in a few days, I feel we are going to touch 1250-1260 Levels
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Again I'm not trading this.. I'm just going to watch if my analysis is correct
SL 1209.50 ----***********************
HDFC long term trend resis still valid! 3 Peak and Dome?HDFC long term trend resis still valid! 3 Peak and Dome?
An Analysis : Awaiting Breakout in HDFCBANKHDFCBANK is forming a perfect descending triangle pattern over last 3-4 months and desperately need a breakout from the pattern.
Descending triangles can breakout any side so lets wait till the breakout happens and it became more valid with 3 touches on flatline.
Keep HDFCBANK in your list to look out for shorterm and if it gives ample opportunity to enter after Breakout, Hop on and ride whichever side it breaksout.
Check your risks also and plan well before taking positions.
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