3 months since my first idea on HDFC Bank. After correcting in a zig-zag pattern, price reversed from a little below the projected green Fibonacci zone. I would like so see a fewer more higher highs as shown via red path to call it a clear impulse. A break of corrective channel would add confidence. All in all it was a good trade to take with a very low...
This stock is now at resistance zone. price previously a strong fall is noticed from top side @ATH Levels, price is now in consolidation at support levels... This is the place again we have to look for continuation or reversal again to test the bottom side demand at 1240 zone of support. keep an eye on these levels.
This stock is now in consolidation. we have a chance of manipulation below support levels... keep look for buy side from this demand zone... if price breaks the demand will look for short side continuation...OR Reversal again by bear trap.
price broken the bearish trendline, while breaking the trendline price leaves a demand zone on bottom side. so wait until price test the demand zone and go for long entry in HDFCBANK. Mark the targets on topside every intersection points to the trendline. If price breaks the bottom side demand zones, by consolidating between the demand and support zone price...
I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points...
HDFC BANK: (Portfolio Stock) : SIP Buying can be started in HDFC Bank. It may go further lower so only partial entry or entry with / for tracking quantity to be initiated now. We had mentioned earlier that 1369-80 or 1271 can act as a bottom/major support for HDFC Bank. The stock touched 1380 and has reversed. So X/3 or X/4 entry can be taken. If it falls...
The idea here is about HDFC Bank. Mentioned below are the points to be considered Points as per TA on a Daily & 4H Chart: 1. Awaiting break out of Falling wedge. 2. Butterfly Pattern completed with entry point confirmed. 3. Waiting for close above 20 EMA = 1550 on 1D chart. 4. RSI is at 44.30 on a Daily Chart. 5. MACD crossed above signal line on 11th Sept...
Hi, According to my analysis of HDFC Bank stock, there is a high probability of a downturn. The price bounced from a very strong area, which is the resistance at 1720. Two very negative candles were formed, as shown in the analysis. We also notice that the stock is trying to break the flat pattern. Finally, good luck to everyone .Note: If you like this...
The stock is Near its demand zone,, it indicates that there is potential buying interest at that price level, and it could be a strategic point to consider for investing or trade. find long opportunity in this area....
Hdfcbank has given a meaning full correction on intraday basis and is taking the support on major levels, It has been in deep consolidation from last 2years and now looks like operators gave a false news for the fall and bought it in a block deal on lower levels which is generally the trick to buy on lows.
This stock is in inverse Head and shoulders pattern indicating that bullishness in the stock... Enter long on break of neckline and retest...
The stock is trending downwards.... In Higher time frames price is in channel.... price is at support + trendline. If it is a bullish turn price breaks the trendline and retest will look for buy side.... If no break is detected and again falls will be on short side.... most chances of fall again...it has to clear the liquidity @1600 levels... Keep safe...
the stock is trendnig upwards... previously a strongfall is observed from the zone 1740. price again broken this zone and failed to close above that zone... and again a strong fall is observed... now price is trading near to its previous resistances... keep an eye on these levels...
Strategy- Cup with handle pattern CMP- 1688.75 Target- 2175 Approx Gain -30% Largest bank of Bharat with high net profits and in a consolidation state from past 2 years. Best buy both for short term and long term.
HDFCBANK:: Bullish view From 1580 and 1540 range:: ----->> HDFCBANK currently trending downwards.... we have a bearish gap left @1680 zone.... that will again push the price downwards....look here for sell @1680 zone... we have demand zones placed @1540 range will take the price again upto 1740 range... look here for buy to continue in the short term long. short...
Observations:: After a strong fall price is not able to break the previous high, and price is exactly now @ support,looks like its weak @1600 levels. if price breaks 1600 levels,price fall is observed upto 1580 and 1540 levels. Don't go for sell in HDFCBANK, it may reverse at any place in this levels. look here for buyside until bearish gap filled on above 1640...
Index is moving in a LL pattern and possibly it may hit 1565 Level in this series.
Observations:: This is also continuation update of HDFCBANK Analysis:: In my last update about drop base drop formation. the demand zone is restrict the price to go down, witness a consolidation stage is observed in HDFCBANK, we have to see if price drop continue to 1590 range, then we expect a rise from this zone, if acts as support we will see again the...