H1DB34 trade ideas
HDFCBANK Trade setup Idea for 09 September, 2022Banking sector is bullish now, at the current pace HDFCbank could make a quick move up towards 1520 levels.
The stock has been hitting the resistance level of 1500 and have been holding quite well, in a matter of a day or 2 the stock should show a break out.
HDFC BANKOur Yesterday Target Complete🎉🎉🎉
Now we wait next correction
today HDFC BANK Closed Price is 1468.70
next Resistance is 1472.05
next Support is 1446.70
next position is short position.
SL=1472.05 And TARGET=1446.70
we know target is high
and i think target complete in 2-3 days.
but wait and watch market.
HDFCBANK Long Term AnalysisWe expect that the price will increase. After neckline of inverse head & shoulders, the price have started to increase as expected. RSI is overbought therefore we expect the price to pull back and test the support which would be our entry for long,
Moreover, Gator shows us that the price will increase.
Stop loss below the neckline of the pattern.
The target level is shown in the chart.
Look at the CHART and the TREND in 1 WTF//HDFC**This is NIFTY HEAVY WEIGHT as you all know and Fundamentally sound also!
Apart that:
>The stock is in side ways trend since 2021 despite good results reported.
>The S&R zone's are clearly respected.
>Let the LEVEL TREND LINE break and then take the positions.
>SL is kept below the EMA's and Target is the Upper Trend Line.
#stable Trade!
HDFC BANK #HDFC Bank
15 MIN TF.............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................