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....
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...
Observations:
if demand acts as Supply, fall is going to happen from here.
previous strong bullish from 1680 level, if acts as price turned to be bearish in HDFCBANK.
------->>After trending upwards, a strong breakout is given above 1700 level, with consolidation ,which is previous resistance got broken strongly.
------->>Now with opening a huge gap down, showing...
As per my analysis, here are support & resistance level of NSE:HDFCBANK for upcoming days.
Note: This is my personal analysis, only for learning. Thanks
Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own...
HDFC Bank Futures Key Trading Levels for 27th June 2022
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial...
HDFC Bank
1570-75 Resistance area
This area is multiple time tasted and today the stock is closed 13 points lower from it's high.
Breaking above 1575 will take it up to 1600.
as we can see there is a bearish divergence of Price with MACD and it got its confirmation as the price has fallen and tested the immediate Support Area, and MACD and signal lines has crossed in MACD indicator which is the sign of trend reversal and price correction.
the trend is range bounding in a ascending parallels channel and currently touching the top bond ...
