HDFCBANK--Drop Base Drop??This stock is now at resistance zone.
price previously a strong fall is noticed from top side @ATH Levels,
price is now in consolidation at support levels...
This is the place again we have to look for continuation or reversal again to test the bottom side demand at 1240 zone of support.
keep an eye on these levels.
Hdfcbankanalysis
HDFC Bank will growHDFC Bank has recently formed a falling wedge bullish pattern, with the price having already breakout. This pattern typically indicates a bullish reversal, suggesting a potential upward trend ahead. Traders may interpret this breakout as a signal to anticipate further price appreciation in HDFC Bank's stock. Monitoring for sustained upward momentum could provide confirmation of this pattern and guide investment decisions accordingly.
HDFC Bank - Is it the end of the fall - Daily chart reversalHDFC Bank Q chart. Top private sector bank. 3Y consolidation and is at the support of the trendline Feb 12. RSI(34) is below 70. Weekly chart formed Lower Low on Feb 12. This chart was previously shared.
Following up with this Quarterly chart, posting daily chart of HDFC bank in comparison with Nifty Private sector bank RSI & MACD. Rate of change of HDFC bank is above 0. While the oscillators showing positive sign, moving averages are yet to give positive sign.
However, if you've noticed quarterly chart, hdfc bank seems to have taken the support of the trendline. Also, in daily chart, white Marubozu candlestick can be seen on Feb 15. And Price is above Parabolic SAR value.
HDFCBANK Analysisprice broken the bearish trendline, while breaking the trendline price leaves a demand zone on bottom side.
so wait until price test the demand zone and go for long entry in HDFCBANK.
Mark the targets on topside every intersection points to the trendline.
If price breaks the bottom side demand zones, by consolidating between the demand and support zone price will breaks the support.
so until it breaks the demand zone look for long side.
HDFC short Bearish Target 700-800HDFC is showing bearish sign after in month of consolation seem in 6 month this share easy Touch down Trendline if 700-800
For quits trader it's time to exit if market below than this level 5% stop less from 700-800 rs easy target
For option trader -- take a PE call 1250 and every reversal book profit and enter in PE till 700-800 zone
For more chart analysis comment me in this post.
HDFCBANK : Possible Views by StoxWarewww.tradingview.com
The weekly time frame shows a range-bound market for this stock, which is favorable for positional and futures traders. The stock is trading near its 52-week low of 1380, which is also a support channel. A break below this channel could trigger a further decline to 1280 or even 1100, which are the next support levels. However, this scenario is unlikely at the moment.
To turn bullish, the stock needs to rise above and sustain 1470, which is a resistance level. A break above this level could open the door for 1550, which is another resistance level. If the stock can overcome 1550, it will face the final hurdle at 1750, which is both the 52-week high and the all-time high. Repeated tests of this level could weaken it and lead to a new high.
HDFCBANK--Drop base Drop?? I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
Great buying opportunity in HDFC BANKPrice is undergoing expanded flat correction.
Good to accumulate around 1200-1300 levels for a target of around 2600 in medium to long term.
Price is heading towards pre covid levels while the revenue & net profit have almost doubled.
Do your own due diligence before taking any action.
Peace!!
Partial entry (Paper Trading) possible in HDFC Bank. HDFC BANK: (Portfolio Stock) : SIP Buying can be started in HDFC Bank. It may go further lower so only partial entry or entry with / for tracking quantity to be initiated now.
We had mentioned earlier that 1369-80 or 1271 can act as a bottom/major support for HDFC Bank. The stock touched 1380 and has reversed. So X/3 or X/4 entry can be taken. If it falls further to 1271 (Which is also possible) You can add again on bounce around those levels. Next X/3 entry should be after closing above 1588. Stop loss Monthly closing below 1270. Targets long term: 1625, 1684, 1721 and 1761+.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
What to do with HDFC Bank Stock now is the question of the hour.My personal view point: (Educational Analysis)(My 2 cents)
1) HDFC Bank Remains a Portfolio Stock.
2) When to Mega Companies combine their forces such results can happen.
3) The momentum of fall can take the stock further down.
4) What HDFC needs to improve their Deposits and work on their Profit Margins.
5) Those who have HDFC Bank can hold it and see if it can bounce from 50 Weeks EMA on a weekly Closing.
6) Further support for the stocks will be at 1369 or 1271.
7) Think of reducing if 200 Weeks EMA is broken on weekly closing.
8) Reduce further if 1369 is broken on a weekly closing.
9) Reduce further if 1271 is broken on a weekly closing.
10) Those who want fresh entry can wait for the bottom formation and bounce thereafter.
11) Pain for 2/3 quarters more might be instore for investors.
12) HDFC remains a Long term investment idea.
The above information and that in the video is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
HDFC Bank simplified! Too much panic.Seems to be correcting in a 3 wave (Zig-Zag) manner after 5 waves up!
Almost at the golden pocket, let's see how the price reacts from there.
Great setup in my opinion with a clear invalidation level.
Nothing much more to say, will update in a few days.
Thanks for reading!
HDFCBANK--Trendline Holds or Breaks??This stock is currently trading near its trendline...
a strong fall is observed from the previous resistance levels...
this is a good opportunity for us to enter long side....
If trendline breaks and retest will go for short side....
look for buying opportunities in this stock.
HDFCBANK : Divergence of Reversalwww.tradingview.com
HDFCBANK : HDFCBANK is about to touch its 52w HIGH level. However, there is a divergence being indicated at RSI on Daily timeframe chart. The similar divergence being indicated at price level as well. We need to be cautious as there are a few Gaps open at near 1640 and 1570.
As per Gap theory, every Gap has to be filled.
If it holds above 1720, it can go till 1800 at immediate next level. Else if it goes below 1700, it can go 1670 and 1550.
HDFC BANK will double till 2027HDFC bank is presently at good levels and the whole market has moved up, but banking sector has not given good returns from the last 3 years. Profit of HDFC bank in 2019 was 22446 crore. The profit didn't decline in 2020 and in 2023 the profit was 46149 crore. The profit doubled but stock price did not This trend will be broken, and the banking sector will give massive returns to cover up the last 3-year performance and will continue with the future growth. HDFC bank will not see 1600 levels in the future under normal circumstances. Can also consider investing in Bankbees. Hope you learned something new. Happy learning, Happy investing.
Short Sellers Can Be In Trouble In HDFC bankIn the given chart we can see that after big fall of two days,on daily price reverse back and close above the low of big red candle,which put short sellers in trouble who shorted on big red bars ,once price keep trading above the low of big red candle they will look for cover which can lead to short covering and also rally will resume
WEEKLY RSI AND DAILY RSI IS ALSO AT 40,SUPPORT EXPECTED
WITH 3 MONTHS BEEN IN FALL NEXT MONTH OR THIS MONTH CANDLE CAN BE GREEN MARK IT FRIENDS.
HDFC Bank about to BreakOutThe idea here is about HDFC Bank.
Mentioned below are the points to be considered
Points as per TA on a Daily & 4H Chart:
1. Awaiting break out of Falling wedge.
2. Butterfly Pattern completed with entry point confirmed.
3. Waiting for close above 20 EMA = 1550 on 1D chart.
4. RSI is at 44.30 on a Daily Chart.
5. MACD crossed above signal line on 11th Sept 2023.
6. Hull Moving Average is a Buy Signal on Daily & weekly chart.
7. Price may retest the breakout point.
Projected target as per Butterfly Harmonic pattern provided in the chart.
Stop Loss: provided on chart.
Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Cheers.