HDFC Bank - Swing Trade

3月20日

HDFCBANK is looking Super Strong on the Daily time frame after forming a perfect base today it broke out and closed significant levels with MACD and RSI Trending Upwards it Can retest its ATH Levels soon.

About:
HDFCBANK is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024.

As of April 2024, HDFCBANK has a market capitalization of $145 billion, making it the third-largest company on the Indian stock exchanges. It is India's one of 3 systemically important banks with a 15% market share in the banking sector’s advances and a 37% market share in the private sector banks’ advances as of FY24.

F&O Activity:
Short's Getting Covered in Futures with decreasing OI with 1740 CE OI covering Significantly.

Trade Setup:
Buy on Dips if Possible Near Base Levels or Start with a Few Qty to see the momentum if continues further Sharply or Consolidates.

Target(Take Profit):
Ideally around ATH Levels near 1860 to 1880 Levels

Stop Loss:
Entry Candle Low for Swing Traders and Swing Low Base Formed as Mentioned for Positional and Buy on Dips Traders.

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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.

3月25日

交易進行

Swinged to 1843, Good Profits for Swing Traders, Can Book
Positional should Trail SL.

4月15日

註釋

Up 3% Today, Keep Booking Timely Profits or Trail SL