HomePrice Action TradingHDFC Bank - Swing trading analysis | Crazy pump and dump!

HDFC Bank – Swing trading analysis | Crazy pump and dump!

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HDFC Bank - Swing trading analysis
  • The price seems to be bouncing off the 200 weekly MA.
  • There is a good volume buildup.
  • If you observe, the price is sitting at an important confluence of swing level and 200 MA.

HDFC Bank – Swing trading (Update: 17 May)

HDFC Bank - Swing trading analysis
HDFC Bank - Swing trading analysis
  • The initial idea turned out to be great. We had a bounce of 27%.
  • There was a huge pump and dump after the merger news.
  • The price seems to be stalling around 1300, which is also an important weekly flip level.
  • The weekly 200MA cluster lies somewhere near 1250 and may act as good support.
  • Fresh longs should only be opened above 1405 (on daily closing basis).

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Rajat Kumar Singhhttps://tradingwick.in
Hi, my name is Rajat and I have an immense love for charts. I hold a Bachelor’s in Engineering in IT and am currently working as the community manager (India) for TradingView. Join me in my journey to become a better trader! ❤️

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