Observations::
------->> It is in a down trend, price is going down after a consolidation stage.
------->> Look for buy we have a strong up move detected in the zone 2635.
keep watch this level for be on the buy side, wait for confirmation before going to buy.
Consolidation + down side = Up move may possible.
keep track this level.
HDFC is moving in this range from 1.5 months.
After breaking out it was unable to sustain above that zone. If it closes below the support zone of 2600 level, the chances of it going almost 100-200 points is possible.
Trade safe. Manage risk. Be profitable.
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HDFC is right at a support level, if the level breaks, then the next level of support is at: 2314
We can take a trade when the stock goes below: 2378.
SL at 2397
1. made evening star hourly candle
2. made double top at breakout /retracement level
3. made triangle pattern now at top
4. weekly pivot R1 matching with double top
5. RSI is making negative divergence on daily time frame
NSE:HDFC
HDFC looking bearish on 1H chart.
In last trading session (28/05/2020) HDFC manage to make a high of 1643.8 which is a resistance level for HDFC you can clearly see the same on a 1H chart too.
After testing a resistance level prices are continuosly rejecting from higher levels which is also visible on last 5 candles of 1H chart.
HDFC already tested...
NSE:HDFC
HDFC looking bearish on 1H chart.
In last trading session (28/05/2020) HDFC manage to make a high of 1643.8 which is a resistance level for HDFC you can clearly see the same on a 1H chart too.
After testing a resistance level prices are continuosly rejecting from higher levels which is also visible on last 5 candles of 1H chart.
HDFC already tested...
NSE:HDFC
HDFC looking bearish on 1H chart.
In last trading session (28/05/2020) HDFC manage to make a high of 1643.8 which is a resistance level for HDFC you can clearly see the same on a 1H chart too.
After testing a resistance level prices are continuosly rejecting from higher levels which is also visible on last 5 candles of 1H chart.
HDFC already tested...
NSE:HDFC
HDFC looking bearish on 1H chart.
In last trading session (28/05/2020) HDFC manage to make a high of 1643.8 which is a resistance level for HDFC you can clearly see the same on a 1H chart too.
After testing a resistance level prices are continuosly rejecting from higher levels which is also visible on last 5 candles of 1H chart.
HDFC already tested...
NSE:HDFC
HDFC looking bearish on 1H chart.
In last trading session (28/05/2020) HDFC manage to make a high of 1643.8 which is a resistance level for HDFC you can clearly see the same on a 1H chart too.
After testing a resistance level prices are continuosly rejecting from higher levels which is also visible on last 5 candles of 1H chart.
HDFC already tested...
NSE:HDFC
HDFC looking bearish on 1H chart.
In last trading session (28/05/2020) HDFC manage to make a high of 1643.8 which is a resistance level for HDFC you can clearly see the same on a 1H chart too.
After testing a resistance level prices are continuosly rejecting from higher levels which is also visible on last 5 candles of 1H chart.
HDFC already tested...
