HDFC Bank Showing can go upto 2000 and above.

22. Sept.

HDFC Bank has been in a consolidation phase between the range of 1300 and 1700 for a long time (3-4 year).
It has finally closed above the key resistance level of 1710 and trading around the level of 1740.
It is also forming reverse head and shoulders pattern and have given the breakout above its neck which is another sign for its bullish momentum.
It is a good time to add some quantity in your portfolio for good risk to reward ratio.
For conservative traders or investors, they can wait for a retest of the level of 1710 and buy some quantity with the stoploss given in the chart.

23. Sept.

Anmerkung

HDFC Bank touched 1766.35 and closed on 1759.80. If you have bought some quantity already then good luck, if not wait for the retest and look for the level of 1710 to buy more.

27. Sept.

Trade ist aktiv

Price is on a pullback after a rally to 1788. It may or may not retrace to the the support at 1700 for retest. Buy in parts. Good opportunity to buy with stoploss below 1580.

28. Sept.

Anmerkung

Will be monitoring the price action on lower time frames to enter the long🚀. I will update here if something comes up.

30. Sept.

Anmerkung

Important update: As the market is becoming volatile fundamentally, I will be looking for a bullish confirmation to enter the trades to minimize the risk and strictly follow and trade according to the levels mentioned above.