HDFC Bank Under pressureHDFC Bank Under pressure
if Break out below 1370 expect more fall
H&S pattern break down
Hdfcbankforecast
Buy HDFC BANKBuy and hold hdfc bank above 1530.
Target is 1570.
Breaking above 1575 will give H&S pattern breakout will take it up to previous all time high.
Hdfc Bank trading setupHDFC Bank
1570-75 Resistance area
This area is multiple time tasted and today the stock is closed 13 points lower from it's high.
Breaking above 1575 will take it up to 1600.
BUY HDFCBANK AROUND 1485-1490 TGT 1600/1715 SL BELOW 1375 The scrip is currently taking dual support on 20 week MA as well as pandemic lows trendline. Also the company is about to declare its result on the weekend , so it can be a good buying @ support levels for above mentioned targets with prescribed stop losses
Hdfcbank Hdfcbank looking good to go long, stock's wave structure suggests that the stock is in wave 5, and within wave 5, wave (2) appears to be completed, and now Wave (3) of 5 should play out, the daily macd indicator turned bullish and done positive crossover and rsi above 50 with uptick, one can go long at these levels or in dips with mentioned key levels in chart.
Wave Structure and key levels are mentioned in chart
Macd in daily positive crossover
Rsi Uptick
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
HDFC Small Correction ExpectationHi Traders,
Inside Bar Breakout 1H frame
Entry Yellow Below Breakout (avoid Gap-Up)
Sl make candle High
Its Profit Making Strategy
Simple & best techniques for Trading called S&D Zone easy to understand for making Profitable Trade. Believe Price Action, has the potential to change your trading lives.
Thanks & regards
Sakthi
HDFCBANK ABOVE SUPPLY ZONEHDFC BANK has seen a very good trending move yesterday and it also went above and also closed above the supply zone (1415-1425), which would now act as a demand zone, hence any dip in the stock would most likely be absorbed soon, as long as stock is trading above 1410 levels.
Immediate resistance is around 1480-1490 levels.
This trade offers a good risk-reward ratio.
Trade type: Swing, Breakout
HDFC BANK Analysis 04/03/2021as we can see there is a bearish divergence of Price with MACD and it got its confirmation as the price has fallen and tested the immediate Support Area, and MACD and signal lines has crossed in MACD indicator which is the sign of trend reversal and price correction.
the trend is range bounding in a ascending parallels channel and currently touching the top bond
we may have an other impulsive wave to the 1 TP and alternatively retrace down to the 2 TP.
HDFCBANK CHART 04/12/2020HDFCBANK CHART Daily Chart till to- 04/12/2020
What You See In This Chart?
How to take Trade?
Which Type Take Entry (Long / Short)?
Which Price For StopLoss?
Which Price For Target?
Please Comment What You Think About Hdfc Bank Trade!!!!!
Disclaimer :- This Chart For Only Educational Purpose, We Can't Give Any Buy Sell Tips or Call, Learn first before take any trade....
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.
