HDFC Bank NSE:HDFCBANK
H&S pattern
Gives us a target of ₹1940
Entry at bottom of right shoulder
Entry point i.e. Green box: ₹16000
Gains: 20%
Entry at the break out of H&S pattern
Entry point: ₹1760
Gains: 10%
Duration: 3-4 months
*Not a financial advice.
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HDFCBANK
HDFCBANKNSE:HDFCBANK
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
HDFC Short positionOn the chart we can see a rising wedge.
We are looking for the price reach the upsloping resistance to enter short.
Then we expect the price will go down to retest the support line.
Invalidation of this thesis would be if the price breaks above the upsloping resistance line.
HDFCBANK-Double TOP Forms @ATH ??HDFCBANK is at its All time High. again Reversed from ATH.
bullishness is continue or Reversal May Happen.
A strong selling pressure is observed at 1700 level ,look at the reaction at 1680 levels to go upside or downside.
if acts as Support price is moving upwards otherwise downwards. keep an eye at these levels.
#HDFCBANK#HDFCBANK, That 1700-1730 level acting as an Important Resistance. HDFC Bank also tried to cross 1650 level multiples in past 6 month and failed in all the attempt.
This long consolidation in HDFC Bank looking like it can Breakdown to below level i.e 1480 level which is POC of last 2 year where it may find some Demand. Break below 1540 in coming week can print 1480 level.
HDFC BANK AT CRUCIAL LEVEL !!!#HDFCBANK ( W TF)
👉 The stock is taking Resistance from weekly supply zone And also Consolidating near the Resistance zone & The support is at 1575.✅
👉Weekly Close below the 1575 will lead the fall to the 1500/1450/1380( i.e Next Demand Zone) in next coming trading sessions.
👉Add to your radar✅