The HDFC Bank extended decline today, after marking its biggest single-day drop since March 2020.In the last two days alone, HDFC Bank has corrected more than 12%.
This decline is fine but there's another picture to it which no one is talking about.
While there is so much panic among investors and traders but this panic can be a good investment opportunity.
There exists a curve resistance at long term charts around 1700-1720 levels which HDFC respected this time also and fell from that level.
On the other hand, If we talk about technical patterns, There is a clear Inverse Head & Shoulders pattern in making at long term charts. Such long term chart patterns don't fail most of the time.
HDFC current market price is 1500 and It is trading at a support zone of 1480-1500 & valuation is good at cmp.
Inverse Head & Shoulders pattern breakout level is 1690-1700.
Breakout of this pattern will take it to 2200 levels which is approximate 46-47% upside from current level. Incase It falls further, then It can be added more at 1450-1420-1400 levels.
This could be a great investment for long term investors.
This decline is fine but there's another picture to it which no one is talking about.
While there is so much panic among investors and traders but this panic can be a good investment opportunity.
There exists a curve resistance at long term charts around 1700-1720 levels which HDFC respected this time also and fell from that level.
On the other hand, If we talk about technical patterns, There is a clear Inverse Head & Shoulders pattern in making at long term charts. Such long term chart patterns don't fail most of the time.
HDFC current market price is 1500 and It is trading at a support zone of 1480-1500 & valuation is good at cmp.
Inverse Head & Shoulders pattern breakout level is 1690-1700.
Breakout of this pattern will take it to 2200 levels which is approximate 46-47% upside from current level. Incase It falls further, then It can be added more at 1450-1420-1400 levels.
This could be a great investment for long term investors.
Zlecenie aktywne
CMP 1477I have invested 60% allocation in HDFC and created long position just now.
I am ready to invest more at 1450-1420 levels if comes.
Zlecenie aktywne
CMP 1448Invested 20% more just now.
Can be added more if 1420-1400 arrives.
Zlecenie aktywne
Invested last 20% at 1388 today.Fully 100% Invested now!
Zlecenie aktywne
CMP 1470Zlecenie aktywne
CMP 1447Still trading above my average buying price and trading in a small range.
Zlecenie aktywne
Still trading in a good demand zone & consolidating.Zlecenie aktywne
CMP 1447Zlecenie aktywne
Still trading within 1420-1450 range.trading at my buying price.
Zlecenie aktywne
CMP 1460Zlecenie aktywne
CMP 1528Investment position 100 rupees in profit.
Zlecenie aktywne
CMP 1552124 rupees in profit.
Zlecenie aktywne
CMP 1530It gave breakout from 1420 - 1450 accumulation zone, touched 1555 resistance & then retraced and now heading back up. I think it will make a W pattern & will enter to advancing phase.
Zlecenie aktywne
CMP 1458Zlecenie aktywne
CMP 1540Zlecenie aktywne
CMP 1665Investment position 237 rupees ~ 18% in profit.
Zlecenie aktywne
CMP 1780352 rupees in profit.
Uwaga
CMP 1600Another attempt to breakout resistance zone failed.
One more chance to accumulate at lower levels for investors.
Zlecenie aktywne
CMP 1785357 rupees in profit.
25% up from my investment level
Trading isn’t a gamble. When skill meets discipline - profit becomes the natural outcome.
Join me, I'll guide you to PROFITABLE TRADING.
Connect with me directly on WhatsApp: +91-9915885550
Join my free Telegram group: t.me/akshit_official
Join me, I'll guide you to PROFITABLE TRADING.
Connect with me directly on WhatsApp: +91-9915885550
Join my free Telegram group: t.me/akshit_official
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
Trading isn’t a gamble. When skill meets discipline - profit becomes the natural outcome.
Join me, I'll guide you to PROFITABLE TRADING.
Connect with me directly on WhatsApp: +91-9915885550
Join my free Telegram group: t.me/akshit_official
Join me, I'll guide you to PROFITABLE TRADING.
Connect with me directly on WhatsApp: +91-9915885550
Join my free Telegram group: t.me/akshit_official
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.