hdfc bank good triangle pattern formingprice has been rejecting from same levels and is forming descending triangle watch out for breakout
HDFCBANK trade ideas
HDFC Bank 15min Chart Descending Triangle 30 Sept 2021HDFC Bank 15min Chart Descending Triangle 30 Sept 2021. HDFC Bank needs to break 1600 mark for Banknifty to break 37850 and touch 38050
HDFC bankTrade setup:
stock is moving in symmetrical triangle.
Weekly: 50EMA providing support. Doji's are formed at bottom of the trend.
Daily: 200 EMA acting as support. Bullish engulfing candle (engulfed last 4 days red candles) with reasonable volumes.
Entry = 1434 INR
SL = 1339 INR or 1300 INR based on your risk apetite.
Target = 1630 INR
RR = 2.1
HDFCBANK Swing TradeStrong Breakout in Daily Chart
If HDFCBANK manages to sustain its 1590-1600 levels strongly in 1st 15mins timeframe with a good bullish candle then
Upside Target: 1640-1650
Below 1565 it's weak
Hdfc bankHdfc bank is in the structure of cup with handal , we can take a long trade for long term if it cross the resistance (green line )
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...
