"HDFC Bank Swing Trade: Key Levels & 3-Month Investment Plan"

A investment idea for HDFCBANK with a holding period of up to 3 months (till Q1). Here’s the analysis based on the marked levels:

Key Levels and Strategy:

1. Entry Point:

1,719.00: Recommended entry level.

2. Take Profit (TP) Targets:

TP 1: 1,778.55

TP 2: 1,818.70

TP 3: 1,906.55 (longer-term target).

3. Stop-Loss (SL) Levels:

SL: 1,697.25 (first risk level, can act as minor support).

Strict SL: 1,671.95 (final stop-loss level to limit risk).


Observations:

Risk-Reward: This strategy provides a well-defined risk-to-reward ratio, with three potential profit levels.

Support Zone: The area around 1,697.25 - 1,671.95 is critical. It might act as strong support if the price drops further.

Resistance Levels:

1,778.55: Could face selling pressure as it aligns with prior resistance.

1,818.70: A stronger resistance where bulls need momentum to break through.



Recommendation:

If the price moves to the entry level (1,719.00), ensure to set your stop-loss and gradually book profits at the mentioned TP levels.

Reassess market conditions if it approaches strict SL (1,671.95) to avoid excessive losses.

Disclaimer:
"I'm not SEBI registered. Please take any trade at your own risk. Market securities are subject to market risks. This is for educational purposes only.

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