HDFA trade ideas
Swing Trade on #HDFCBANKPlease note the time graph is on Weekly.
Best Possible Entry - 1395-1400
SL - 1340
Target - 1600-1640
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HDFCBANK ANALYSIS0.382 Fib-Level broken with good volumes and then a good consolidation near 0.5 level in Hourly Time Frame
Make or Break Zone: 1477-1485
Upside Target: 1500
HDFC BANKit can be a good opportunity to buy at this level
there is low risk and high reward
high probablity setup
HDFC Bank Long setupHDFC Bank Long setup : Good risk reward setup. Based on price action, a good support at top and bottom. Very small SL
HDFC BANKAfter making a high near 1725 on 18 Oct 21 HDFC Bank Started Moving downwards.
It followed Downward Channel from 18 Oct 21 till 1st Dec 21.
It took support at the same trendline on 20 Dec 21 which was acting as Resistance earlier.
HDFC Bank is moving in consolidation zone since 20 Dec 21.
Red Line marked is the new resistance Line & Orange Line Marked is new Support line.
Now its trading below 200 EMA on Daily Chart which shows weakness.
volume reducing continuously.
Its within Decision Area to Make or Break.
It is Expected to blast upside or Downside near 28 Dec 21.
Before 18 Oct 21 it took support on 50 EMA on hourly chart.
After 18 Oct 21 50 EMA line acted as Resistance on hourly chart.
Till the time HDFC Bank crosses 200 EMA on Daily Chart and take support avoid Long Positions (200 EMA @ 1500).
And if it trade below 1400, More fall is Expected.
Resistance Levels are 1456 - 1519 - 1564.
Support Levels are 1415 - 1381 - 1371.
Risky Traders can Buy at 1415 with Target of 1498 and StopLoss @ 1398.
Safe Traders to Make Long Posn above 1500 once tested this level as support atleast once.
This is for Educational and paper trading purpose only. Must consult your financial advisor before investing or taking any position in the market. please correlate by yourself also on charts.
Rising Wedge in HDFC BANKIt is forming a rising wedge on the 30m chart frame and could break down with a strong impulse.
Entry == 1440
S.L === 1460
TARGET == 1370
BuY HDFC Bank Ltdange as per all technical indicators in daily chart, buy abv 1530 for 1650 tgt in 2 week
HDFC Bank ShortHDFC Bank may fall up to 1394.50 levels, as it show a breakout downwards from the range is was going in.
Attempting to break the RANGEWith price trading new lower level of range around 1500 with strength in complete control of sellers (from analyzer) and trend maintaining in bearish territory, odds favor breakdown.
SL will taken when POS (Trendline) is breached on closing basis on 1 timeframe lower i.e. 15min.
Hdfc bank investment mid termHdfc bank is near all time support . Start investing in hdfcbank at current rate 1475 and keep on adding in lower level of comes. Target 2000+ in two yrs or may be less
HDFCBANK - Bullish WolfewaveHDFCBANK has bullish wolfewave at 30 minutes timeframe and a demand zone below. expecting 1524-1532 as target.
PS:- HDFCBANK respect waves everytime. watch out previous hdfcbank analysis ...
HDFC BANK (LONG)HDFC BANK took support at 200 EMA
volume is reducing continuously
ready to fly
BUY near 1480 - 1500
SL 1460
TGT 1555 - 1632 - 1700
90 % chances are that it will bounce back tomorrow and along with this banknifty is also expected to bounce back.
Don't Miss it
Please Correlate by yourself also on charts. This is for Educational and Paper Trading Purpose Only. Must Consult your financial advisor before Investing.
HdfcBankHdfcbank made an Inverse Head & Shoulders Pattern.
Breaking above Neckline 1536 thn buy with sloss at Right Shoulder & tgt of 1620
HDFC BANK HDFC BANK trading channel pattern so best of best entry would be bottom of the channel... DO OWN ANAYSIS BEFORE TAKING POSITION AS PER YOUR ROI
HDFC Bank HDFC Bank showing inverse Head and shoulder Pattern
Looking liket it will reverse from here conformation above 1540-1550
Nifty 50 - 3rd Stock - HDFC bank -Pullback about to complete nowHi All,
My Observtion on HDFC Bank:
1. Triangle pattern formed since Feb '21 with supports mentioned
2. Breakout done @ Rs.1510 on 16th Aug and went up to Rs.1690 and pullback/retest started on 16th Oct.
3. It's fallen since then and has breached the previous breakout point.
4. Likely to go up from Rs.1500.
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
