Banknifty is looking similar to Nifty . A double top and RSI diversion too.
HDFC bank has broken out on RSI and looks strong for an upside to 1500+ levels. A perfect entry as of now should be around 1390-1400 levels. The view gets negated if the price closes below 1381. The risk to reward ratio = 1:10
Levels on charts with targets n stop loss. #hdfcbank
After a nice move up, the price seems to be stalling. Closing my long position. Wait and watch for the next move.
HDFCBANK CHART Daily Chart till to- 04/12/2020 What You See In This Chart? How to take Trade? Which Type Take Entry (Long / Short)? Which Price For StopLoss? Which Price For Target? Please Comment What You Think About Hdfc Bank Trade!!!!! Disclaimer :- This Chart For Only Educational Purpose, We Can't Give Any Buy Sell Tips or Call, Learn first...
#HDFCBANK has tried to breach its long term trend line four out of five times now and haven't been able to close above it. Price action on 15 minutes chart clearly shows distribution at higher prices. RSI has fallen below 70. It's ready to retrace and test levels of 1300 (to take support at its covid period rising wedge) and even 1260 (retest previous high)
HIGHWAY HAS BEEN CREATED FOR HDFC LIFE ONE CAN MAKE LONG TERM INVESTMENT
HDFC LIFE INSURANCE LONG POSITION REVERSE HEAD AND SHOULDER POSIBLE 4 TIME RESISTANCE TOUCH RESISTANCE WEAK
HELLO EVERYONE! MY VIEW ON HDFCBANK ONAHEAD OF US ELECTION BELOW 1160 CLEAN TREND REVERSAL TARGET WILL BE 1110 IF THAT ASCENDING TRENDLINE BREAKS ON 4TH TOUCH MEANS,THERE WILL BE MORE POSSIBLE TO REACH 1020 ALSO PLAN YOUR TRADES ACCORDINGLY THANK YOU!
-RBI Policy is out today. No change in interest rates -bank NIFTY has given break out. -moratorium issue is about to resolve. OVERALL LOT OF POSITIVE CUES IT MIGHT SHOW SOME CORRECTION AS ALREADY RUN A RALLY BUT STILL LOT TO RUN. PLEASE SEE CHART FOR FURTHER DETAILS TARGET 1: 1300 TARGET 2: 1350 STOP LOSS : 1150 **These are my personal observations. Please...
Summary of behaviour of nifty & banknifty & other stocks after US election voting count as on 4th november 2020.
Critical point for HDB ADR. HDFCBANK India Largest private sector bank of India. Hitting key point. If it breaks through can lead to a massive run up. Invested 50% in the trade.
HDFC bank currently up against a resistance zone. Suitable trading side will be towards SHORT. WIth SL @ 1255. For 1stTarget of 1140. Risk Rs 20 Reward Rs.95 RSI showing neg divergence. One can also go long on short term basis if SP closes above 1255 on 1 hr time frame with SL @ for a target of 1290+