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Double Rounding Bottom | HDFC BANK1️⃣ News on HDFC Bank 📍IPO Launch: ₹12,500 crore IPO for its subsidiary, HDB Financial Services 📍Profit Growth: 5.3% increase in net profit for the last quarter 📍Stock Surge: HDFC Bank shares have risen nearly 20% in three months 📍Market Position: High market cap and favorable investor sentiment 2️⃣Technical Analysis ⭕️Support around ₹1,500; important for maintaining upward momentum. ⭕️Breakout above ₹1,700 for potential buy signals. ⭕️Moving averages indicate bullish momentum. ⭕️Overbought territory suggests potential short-term corrections. ⚠️Conclusion Strong fundamentals, including solid revenue growth The merger with HDFC Ltd. enhances its market presence, but it faces some margin pressures. Overall, it’s a good time to buy HDFC Bank stocks for long-term stability and growth, while keeping an eye on potential short-term volatility. ✅Check out my TradingView profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:HDFCBANK
by ReviveTraders
SBI: A Bullish TriangleUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept at the point of completion of wave-e (conservative approach) or to the breakout level of wave-d to get the target of this pattern (aggressive approach). Trading strategy: Buy on CMP 642, add on dips, keeping the SL of 627 look for the target of 660/680-85
NSE:SBINLong
by TradingSutra
Neat & Clean breakout seen in Axis BankProper Neat & Clean Breakout seen in Axis bank, Price is above 200 Daily EMA. RSI and MACD both showing a positive reversal in price. Chances are very very high we can see Axis Bank 915+ levels. So accumulate here at current price 880 and go for target which i placed on Chart. Please follow strict stop loss. For option lover:- Buy Axisbank May 800 Put option at 3.4 & Sale Axisbank May 900 Put at 32 stop loss 65 Chances are very high we can reach target till first week of may month. Please use proper stop loss to long this trade.
NSE:AXISBANKLong
by TraderRahulPal
IDFCFIRST BANK short Term SetUp .1. IDFCFIRST BANK forming Falling Channel which is going to Breakout Sooner Or Later . 2. Can Possibly Test Fib 0.382 Level Before Breaking Out . So First Buying Zone Will be Fib 0.382 Level (details given in chart). 3. Fib 0.50 Level is coinciding with Important Support Level Of 46.50 ( which will be our second buying zone ) . if you get chance Buy here . 4. Place Sell order After buying @ 60 and Enjoy the Profit. 5. Mandatorily Use Trailing Stoploss to secure your Profits. Signal Duration - 10 days to 45 days NSE:IDFCFIRSTB Disclaimer :- Please DYOR before Investing.
NSE:IDFCFIRSTBLong
by Disruptive_Me
BANK NIFTY INTRADAY SETUP FOR 03-02-2023Hello mates as we can see on 15 minute time frame chart it consolidate in a parallel channel whole day today so I am expecting it can give a crazy move tomorrow so for that I find out key support and resistance levels for it ideas sharing below BUY IDEA-: If the price will sustain above the resistance of 40785 and give a close on above that on 15 minute candle so we can go for long for the target of 41370 levels stop loss must close below the resistance price on same time frame. SELL IDEA-: If the price will sustain below the support of 40073 and give a close on below that on 15 minute candle so we can go for a sell for the target of 39480 levels stop loss must close above the support price on same time frame. Idea based on simple price action ✌🏽✌🏽 NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
NSE:BANKNIFTY
by AMIT-RAJAN
Risk hai to ishq hai Bandhan bank se i have already posted my observation on bandhan bank earlier i have been watching this stock from 300 levels and have been waiting for this price have purchased small quantity will add more on both sides on up also and down also if trend changes from here then i will add on every dips and i will add on 220 210 levels if gets there my idea is for investing not trading on bandhan bank price is going down fii dii both have increased holding regularly and now the scare is created in stock price for public to get there attention away i dont see price going below 200 so there is a good investment idea i will not add below 200 my last buying price will be 225 and 210 i have bought some at 235 will add 2 times more and leave for 2/3 years atleast
NSE:BANDHANBNK
by Tradegainer