HDB trade ideas
HDFCbankThe charts are showing a continued pattern of weakness. it is likely that this will test 1400 levels. hence it is recommended to buy on dips. Fresh long positions are not recommended. what is your recommendation . let me know !
HDFCBANK 30MINConfluence of 1HR & 30MIN Bullish Deep crab levels
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
HDFCBANK 1HRBullish Deep Crab
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
HDFCBANK | 26th JulyHDFCBANK stock chart shows weakness which is going to extend further considering the breakdown suggested in charts. strong support at 1400 level.
HDFC BANK WEEKL ANALYSISQUITE FEW REASONS TO CONSIDER SELLOFF IN HDFC BANK
1) TRENDI BREAKOUT
2) INVERSE FLAG PATIERN
3) TRADING BELOW 2DEMA
4) FIB REVERSAL
5) DESCENT SELL OFF VOLUME
6) RSI BELOW 50 (whicb indicates sell momentum)
7) BIG SELLOFF CANDLE
8) WAVE ANALYSIS
Hdfcbank
Buy once trendline is crossed with good volume
SL below marked green zone
Just for education
HDFC Bank can give breakout in either directionThe HDFC Bank will give a decisive breakout in either direction in the coming days.
HDFC BANKHDFC Bank Ltd. engages in the provision of banking and financial services, including commercial banking and treasury operations. The firm also provides financial services to upper and middle income individuals and corporations in India. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking and Other Banking Operations. The Treasury segment consists of bank's investment portfolio, money market borrowing and lending, investment operations and trading in foreign exchange and derivative contracts. The Retail Banking segment provides loans and other services to customers through a branch network and other delivery channels. The Wholesale Banking segment provides loans, non-fund facilities and transaction services to large corporates, emerging corporates, public sector units, government bodies, financial institutions, and medium scale enterprises. The Other Banking Business segment includes income from para banking activities such as credit cards, debit cards, third party product distribution, primary dealership business, and the associated costs. The company was founded by Aditya Tapishwar Puri in August 1994 and is headquartered in Mumbai, India.
ASCENDING TRIANGLE IN HDFC BANK!!TREND:-WEEKLY-BULLISH
DAILY-BULLISH
WE HAD GOT A BREAK FROM THE MAJOR TRENDLINE IN DAILY TF!!!!
-NOW FORMING A GOOD ASCENDING TREIANGLE IN THE DAILY TF
-WE ALSO GET TO SEE A FIB SUPPORT OF 0.382 IN REECENT TIMES
hdfcbank RSI is low on hourly chart and in past such low levels of RSI has shown upmoves. This is indicating a upmove in today's session. If 21 DEMA seems to reversing from 200 DEMA
HDFC BANK FOR 12-07-21
HDFC BANK TAKE A IMP support first fib retratracement level @1500
Reason to trade
1.TRENDLINE IN 1HR support
2.FIB support
3.Ema 200
ENTRY -1505 sl -1497
TArget -1% OR ACC TO PIVOT
long position in this chart a trendline become a crucial resistance if this trendline break you will see a uptrend move in HDFC BANK
BUY HDFCBANK AROUND 1502-1505 TGT 1555/1580 SL BELOW 1475 It is almost at the support of its lower channel and making weak hands out before the pre result rally. On hourly taking support of 100 & 200 ma
HDFCBANK | 08-07-2021Strength : In today's session (07th July) the stock price managed to close above 200 DEMA ( 1D chart) and day's low was 1527.70.
Concern : Since Mar 2021, whenever the stock tried to cross 200 DEMA , it has retrieved back. So for tomorrow's session ( 08th July) the test is to see if the stock price stays above 200 DEMA. Another concern is that RSI level is 64.10 which is a slightly high level. Considering the above, according to my analysis, the trading range will be
Trading range: INR 1515. ( average of Open & close of 06th July) and 1545.35 (high of 07th July)
Any movement below or above the range can be a game changer.
hdfcbank 07th JulIt is important for the price to stay above INR 1525 in next session (07jul 2021) to confirm the breakout. Also check out close of 21st may and open of 06th july - confirming the end of consolidation and start of up move from here .
Trading range : INR 1515 - INR 1545
HDFCBANK GO UP BUYTRADING SUGGESTION:
Now we looking to the market still growing to the profit zone,so enter buy trade,GOOD LUCK
INDIAN STOCKS
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