Bought HDFC BANK with SL 2250 and Target 2333
HDFC bank has broken it's cup with handle pattern last week. Its time to make a good entry and enjoy this ride!
HDFC bank cup with handle pattern has broken out last week. Its certainly worth waiting for an entry to make the best use of this pattern.
$HDFCBANK completes ABCD . FIB ext 1.27 . Channel objective
Strategy 1 : Hdfcbank has performed fantastically this quarter again. If price action is to be believed, going long makes sense when hdfcbank closes above 2160. Long HDFC futures above 2160 and sell 2200CE with SL 2145 Strategy 2 : Hdfcbank hovered around 2100 -2125 in last week. So, when the stock closes below 2125. Sell...
HDFCBANK - LONGTERM VIEW AS ON 15 DEC 2018 HDFCBANK SEEMS TO BE MAKING A TRUNCATED 5TH WAVE IN THE C WAVE. IF IT DOES NOT BREACH 2142 BEFORE IT BREACHES THE RED 2-4 TRENDLINE (OF WAVE 5 OF WAVE C), IT IS IN FOR A DEEP TROUBLE. THIS WILL IMPLY THE BELOW 1. IT IS MAKING A TRUNCATION, WHICH WILL TAKE THE STOCK PRICE BACK TO 1885 PRETTY QUICKLY. NEED TO OBSERVE THIS...
HDFCBANK has single handedly held on banknifty so far in its run up, here is a sitaution where it marked a higher high and moved back within the range, provides a low risk contrarian trade opportunity. can go quite ugly otherwise knowing what's its doing, still worth the try :) turnaround if it happens in this, could also be a leading indicator on things to come...
HDFC seems to give breakout in coming days Target can be as per chart.
Weak RSI and incomplete last motive wave, irrespective good fundamentals make it for a good buy for a true holder. Expect this to trade flat for a few weeks while people take profits. Wait for it to reach the buy zone depicted in red. Entry Price: below 1780(check technicals again when we are here, i will update the idea soon) Stop: 1651 Take profits:...
A beautiful short opportunity in HDFC Bank with stop @ 1951 and target of 1750-1800 for first week of JUNE.
HDFCBANK living on borrowed time? channel and RSI diverge.. False break up and return will end the bull run
Looks ripe for a significant correction on weekly charts. HDFCBANK being the biggest contributor of the BANKNIFTY, the index should follow if this pans out. With RBI policy meet this week and impending Gujarat election, it won't take much for hell to break lose. I think it's very good time take profits off the table on bank stocks.
$HDFC in thin air now GO short . Key long term Fib extension hit along with couple of resis lines
$HDFC short revised . RSI divergence ans FIb 300% EXT
$HDFC hits key fib ext, this time 262% . IN 2016 it was 200%