HDFC Bank Under pressure if Break out below 1370 expect more fall H&S pattern break down
Buy and hold hdfc bank above 1530. Target is 1570. Breaking above 1575 will give H&S pattern breakout will take it up to previous all time high.
The scrip is currently taking dual support on 20 week MA as well as pandemic lows trendline. Also the company is about to declare its result on the weekend , so it can be a good buying @ support levels for above mentioned targets with prescribed stop losses
Hdfcbank looking good to go long, stock's wave structure suggests that the stock is in wave 5, and within wave 5, wave (2) appears to be completed, and now Wave (3) of 5 should play out, the daily macd indicator turned bullish and done positive crossover and rsi above 50 with uptick, one can go long at these levels or in dips with mentioned key levels in chart....
Hdfc is in a good channel pattern and has shown good strength near its demand zone if tomm it break the green trendline we can go long for a good target as RBI has also released good FSR July 2021. Be a smart trader not a horny one, wait for breakout of green line and let it retest or show show good volume Follow for More Chartings
HDFC BANK has seen a very good trending move yesterday and it also went above and also closed above the supply zone (1415-1425), which would now act as a demand zone, hence any dip in the stock would most likely be absorbed soon, as long as stock is trading above 1410 levels. Immediate resistance is around 1480-1490 levels. This trade offers a good risk-reward...
HDFC Bank - 12-22 POINTS PROFIT TRADE
HDFCBANK POSITIONALLY LOOKING GOOD FOR 1025 CMP 929.75 SL 880
* Price Is In Demand Zone . * Price Touching Lower Leg Of Triangle. Price Rejected From Demand Zone . 75 Min Chart Attached Below High Vol. Buy Initiated :- 854 Happy Leaning .
SPOT: 1-2 DAY: BUY HDFC BANK ABOVE 1135, SL 1115, TARGET 1152+
Hey Everyone, HDFC bank also made low in their H&S neck line. but still we need more confirmation because this is the support area too . yesterday low and high both important and we will setup our trade on it. Buy above 1256 sl : 1240 and sell if 1240 broken sl is same closing basis