HDFA trade ideas
My view on HDFCBANKHDFC BANK should give double bottom breakout.HDFC BANK above 1595
TGT 1640-1650-1670++
HDFC VIEW AS PER PRICE ACTION & CHART PATTERN FOR COMING 6 MONTHHDFC VIEW FOR COMING 6 MONTH
Investment View as per Price action ( Chart Pattern) which should be achieved in next 6-7 month as per my analysis
NOTE : please use your analysis & consult your FA before taking any real trade as above view is for education purpose only
HDFC BANKWas facing resistance at 1560. Successfully took breakout and has retested. Advice to buy for long term
💸BUY HDFC BANK BUY💸Smart person knows where the smart money is💸. Now Ü know what to do with this stock 😄
HDFC Bank Trade PlanHDFC Bank (My Observation as on 19-09-2021)
1. On weekly Chart HDFC Bank seems to be following depicted harmonic pattern that has TGTs as 1720 (Min) and 1820.
2. 1516 being B/O level of this pattern and encountered with rising channel upper band resistance during I week of September.
3. Revered from top of the channel and again heading the same upward direction.
4. Break and stay above 1600 for a week will trigger 1640 as short term TGT.
5. Weekly ATR is Rs. 60 means if sustans above 1600, we might see 1640 - 1660 during September only.
HDFCBANK HDFCBANK weakly;&Daily view looking positive move onwards 1540 strong 💪point to movement further upside if price increases next level 1640 1715 1750,60,
HDFC may give breakout from falling wedgeHDFC may give breakout from falling wedge,
RSI shows positive divergance
BNF is broken Weekly Pivot as well and trading above R1
FULL SEND HDFC BANK to Rs2100can't be easier than this
new ATH for HDFC BANK cuming soon <3
NSE:HDFCBANK
HDFCBANK Head and shoulder patternHead and Shoulder pattern in HDFCBANK wait for the neckline to break
HDFCBANK longHDFC long
Hdfcbank Breakout levels resistance level with bigass candle..if banknifty show strong momentum it will be good profits in intraday..
hdfcbank trade set upwe can see both the upper and lower trendline has multiple support and resistance. And this week closing is above upper resistance trendline. And the tricky part is it has taken resistance exactly at AB= CD point which is indicating a consolidation might take place further. In that scenario monday opening must be below 1472 and price must remain below the trendline for at least the first hour which will confirm a trend reversal from AB = CD point which is 1595 and thus 1600 becoming the stoploss in short position.
On the contrary, if opening is above previous day close and price remains above 1576 for at least half an hour then long position to be taken keeping a stoploss at 1569 and the target should be 1595, and 1623.
Broken ChannelStock Analysis: HDFC bank has broken the channel it is good buy around the marked demand zone for the target given on the chart.
lets see...
HDFC long till 1600…1 hour time frame indicate buy at dips … took resistance at key area .( trend line , support , 50 EMA, and rejection candle at area of confluence)
HDFC BANK as on 02.09.2021SYMMETRICAL TRIANGLE PATTERN FORMED!!
Breakout Done!!
Kind of retesting done!!
AND ON THE WAY TO FIRST TARGET!!
TARGET=1641/1645
AND IF MOVED UP THEN WILL HIT MAIN TARGET!!
MAIN TARGET=1803
Stop loss=1468/1458
(The above analysis is only for study purpose do not take it as any buy or sell call!!)
Breakout of triangleHDFC BO'd out of triangle some days ago..HDFC is a heavy weight, moves SLOWLY, and has more potential for upside. it is not only the leader in private banking sector, but it is numero uno in middle market banking, leader in payments business ( it has issued 3.21 crore debit cards and 1.4 crore credit cards), leader in auto loans segment etc ...enough said..targets marked. Think long term. This is an idea, not a recommendation.
Just a pointer - RISK REWARD ratio is paramount when putting your hard earned money. if risk is high and reward potential low just move on to another stock. 1:2 or 1:3 is a reasonably decent risk reward ratio...if it is 1:4 or 5 that is even better.
Fascinating trinity of trend-lines meets on June 6th, 2022. While trying my hand at drawing the trendlines for the weekly charts of HDFC Bank, a unique pattern popped out. 3 trend-lines meet each other on June 6th, 2022.
