Hdfc Bank
Date 05.07.2024
Hdfc Bank
Time frame : Weekly
Remarks: Look at strong resistance band at 1720, which stock is unable to close above since 2021 on weekly time frame. That gives us big hint that close above this zone on weekly time frame is big breakout, obviously with proper risk management.
The internal resistance/support trendline worked beautifully & for future as well extend that to estimated next resistance zone. There's 50% zone marked for incase any retracement till there then we can try btst trade.
Rsi also worked beautifully the breakout + overbought zone confluence helped in strong rejection.
Regards,
Ankur
Hdfc Bank
Time frame : Weekly
Remarks: Look at strong resistance band at 1720, which stock is unable to close above since 2021 on weekly time frame. That gives us big hint that close above this zone on weekly time frame is big breakout, obviously with proper risk management.
The internal resistance/support trendline worked beautifully & for future as well extend that to estimated next resistance zone. There's 50% zone marked for incase any retracement till there then we can try btst trade.
Rsi also worked beautifully the breakout + overbought zone confluence helped in strong rejection.
Regards,
Ankur
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