My analysis of HDFCBANK.
05 MAY 2020
INSTRUMENT: HDFCBANK
TIME FRAME: DAY
OTHER TIME FRAMES FOR CONFIRMATION:
4 hr. DAY, WEEK
INDICATORS AND THEIR TRENDS:
PSAR: Bearish
STOCHASTICS: Bearish
SUGGESTED TREND: Bearish
End of day levels
CMP: 911.45
Sell below: 911
SL: 915.30
TARGET 01: 905.58
TARGET 02: 901.77 – 901.38
My Analysis of HDFCBANK is expected to gap down and will mull slowly down giving a sluggish move to sideways trend tomorrow. The problem will start If it stays below 901.38 levels if so then we may see a bearish trend in HDFCBANK for some more time.
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS the views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
INSTRUMENT: HDFCBANK
TIME FRAME: DAY
OTHER TIME FRAMES FOR CONFIRMATION:
4 hr. DAY, WEEK
INDICATORS AND THEIR TRENDS:
PSAR: Bearish
STOCHASTICS: Bearish
SUGGESTED TREND: Bearish
End of day levels
CMP: 911.45
Sell below: 911
SL: 915.30
TARGET 01: 905.58
TARGET 02: 901.77 – 901.38
My Analysis of HDFCBANK is expected to gap down and will mull slowly down giving a sluggish move to sideways trend tomorrow. The problem will start If it stays below 901.38 levels if so then we may see a bearish trend in HDFCBANK for some more time.
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS the views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
My analysis of HDFCBANK on www.tradingview.com
