very simple yet effective. any upward move over support has a potential to give 4.30% if the support of 1532 breaks go short upto until next support.
www.tradingview.com CMP : 1610 STOP LOSE : 1542 TARGET : 1773.4
HDFC Bank reacting from 1.618 Fib and 2.618 FIB Projection. Bearish Div on Daily. Short below 1580 with SL as 1625 Tgts are 1500 and 1450 Nice R:R
GO WITH THE INSTITUTIONAL ORDERFLOW :)
Symmetry Institutional Orderflow Trendline confluence
The stock has broken out of 10 years of range. Volumes like that were seen a decade ago atleast. Is smart money giving another attempt to India's Biggest lender? Will it Exceed HDFC Bank's Market Cap this bull run. Well, time will tell.
PRICE GO UP AND NEXT PROFIT TAKEING AREA IS 1655 THEN MAYBE PRICE DOWN SOME AND RETRACE.NEXT IS NEXT
HDFC BANK SHORT POSITION YOU CAN MAKE IT CAN GIVE CAR BOUNCE BEFORE IT FALLS............
See here I have made major support and resistance lines in a 1 hr Chart for Nifty. As you can see 14347 to 14443 (86 Points ) zone is a painful one. Markets can be very volatile in this range hence for this zone best will be to use an option hedging strategy, do not take a directional view in this range. Also, keep an eye on the support trendlines near closing i.e...
Hdfc Bank support at 1440 if break or sutain below then mention level come
Distribution phase expected Kindly trade at your own risk. Good Luck 🤞
As you can see strong support 1440 levels and even if it breaks down it can reach down to 1420 max. You can buy with SL 1410 and for long. P.S: This is just my view, take position at your own risk.
We can expect a cooling off leading to retracement in HDFC life tomorrow if the price action is denoting weakness below the marked line then a achievable target should be in place for us .
31982.6 is an important level if bank nifty sustains below it short for the target of 300 to 400 points downside. As it is already below it short with a small quantity and if it retests this level and closes below it add more.
HDFCBANK Marching ahead....... trend and channel marked.........