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Hdfcbankanalysis

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.
NSE:HDFCBANKLong
by CKParkhi
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
NSE:HDFCBANKLong
by RK_Chaarts
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.
NSE:HDFCBANK
by BitonGroup
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