Hdfcbankshort
HDFCBANK - Doesn't look good to meHDFCBANK - Doesn't look good to me
What do you think about this stock?
HDFCBank short HDFC Bank reacting from 1.618 Fib and 2.618 FIB Projection. Bearish Div on Daily.
Short below 1580 with SL as 1625
Tgts are 1500 and 1450
Nice R:R
HDFC BANK SELL Target 1300 | 1260#HDFCBANK has tried to breach its long term trend line four out of five times now and haven't been able to close above it.
Price action on 15 minutes chart clearly shows distribution at higher prices. RSI has fallen below 70. It's ready to retrace and test levels of 1300 (to take support at its covid period rising wedge) and even 1260 (retest previous high)
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 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
