HDFC Bank LTD - Analysis - Refer the Link
HDFC Bank Ltd reached the script high of 1496.9 on 13th Jan 2021.
This High was not yet broken till now.
On 14th Jan 2021, the stock has high 1488.00 and touched day low 1456 and Closed 1474.
on 15th Jan 2021, the stock breaked the day low of 14Jan21 which turned to be the turing point and stock taken the support of 1hr time frame at 1445 which turn to be day low & Closed at 1466.65.
On Monday, Trading Stratergy:
CPR will be (Expected):
Pivot - 1461.10
Bottom CPR - 1458.35
Top CPR - 1463.90
If Script Closes above 15th Day high 1472. Go for Long.
Target - 1488
Support will be CPR
or
If the script break the CPR - then short;
Target - 1445.
Disclaimer: Kindly do your own analysis before executing the trade.
This High was not yet broken till now.
On 14th Jan 2021, the stock has high 1488.00 and touched day low 1456 and Closed 1474.
on 15th Jan 2021, the stock breaked the day low of 14Jan21 which turned to be the turing point and stock taken the support of 1hr time frame at 1445 which turn to be day low & Closed at 1466.65.
On Monday, Trading Stratergy:
CPR will be (Expected):
Pivot - 1461.10
Bottom CPR - 1458.35
Top CPR - 1463.90
If Script Closes above 15th Day high 1472. Go for Long.
Target - 1488
Support will be CPR
or
If the script break the CPR - then short;
Target - 1445.
Disclaimer: Kindly do your own analysis before executing the trade.
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