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HDFC

Huge selling in HDFC. How to trade it tomorrow.One side fall in the stock has impacted the indices too. HDFC bank, is heavy weight in index, fell 140 point or 8.5% created a sell off. It took a retest of 200 ema and has closed below both the averages. It may give another red candle tomorrow. There stock has closed around a support zone and chance of testing 1500 levels are high. Short position can be created below 1535 levels and targets can be trailed if the market remain in red. Support levels:- 1505, 1470-80 The results are not that bad to make the stock fell so much. Some long term investors can accumulate some quantity. Wait for a price action and enter only confirm trades.
NSE:HDFCBANK
by TheMamboMomentum
2
21st Dec ’23 - BankNifty leads from the front, stance is NEUTRALBankNifty Analysis I initially thought the wolf in the sheep’s costume was NiftyIT today spoiling the fun of the Bears. The real culprit was BankNifty - the way it defended its turf today was more than amazing. Even though we had a lower opening, HDFCBANK was staying strong at one end. You know pretty well that HDFCBK alone can drive up/down the index as its weight on the index is manipulatively sizeable. 4mts chart link - click here Just like a Tug-of-War, HDFCBK was at the rear end acting as the anchor. It bolted itself to the ground and ensured BN was not slipping. Somehow it worked. The first thing BN did was to retest the lower end of the ascending channel i.e. between 10.07 to 10.55. Once it broke out - it retested the same line from a support perspective i.e. b/w 13.55 to 14.11. The 2nd test was rejected which gave it massive momentum to break free (upside). The next stop was right at the top end of the channel i.e. b/w 14.47 to 15.19. You might have to see the encircled portion in the chart to know what I am referring to. 63mts chart link - click here Can you believe - All the candles today were GREEN. We started at the lower end of the channel and ended at the top boundary stopped only by the bell. Today’s price action almost nullified yesterday’s move and seeing the way BN fought back, I wish to change my stance to neutral for tomorrow. Will go bearish once 47400 gives away and will go bullish if the ATM is taken out. The options premium did not have any excesses today indicating that a big move may not be expected - will update you via TV minds if I see something interesting tomorrow.
NSE:BANKNIFTY
by viswaram
HDFC BANK Long Trade.Right Time to Invest in HDFC BANK. Buying Range : 1615 to 1620 Stop Loss : @1595 Targets : 1650/1680/1725/1775/1840 ++++++ Reasons to Buy: 1: HDFC bank following a channel from past one year, and now again taking support from the channel low i.e. @1615. So basis idea is that, we will follow the price up to channel high (i.e. @1775-1840). 2: RSI is about to oversold. As observed whenever RSI was found below 35 then the movement was shifted to upside. 3: Good fundamentals 4: Good Risk to Reward ratio. Thanks Disclaimer: This idea is only for the Educational purpose. Trade at your own risk. If you like the idea kindly support.
NSE:HDFCBANKLong
by S_Rawat
How to trade in option market 💸🙏😊 👑Royal Trend👑 Topic Trading Things Topic - Option Trade and Trading 💸💸💸💸👑🤑 #If u Buy stock without stop loss that mean U are weak in Physiology #Train Your self To take small trade with Stop-loss How to make Big Profit💸 With Small Account In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. Technical trader ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
2
Positional_ HDFCKeep track of HDFC. It could provide good positional trade opportunity in future. HDFC tried to break the resistance 2 times (Downward Channel Pattern), now it is already weak. If it tries to break 3rd time, there could be huge momentum or real breakout. We can exit or hold near resistance, depending on various circumstances. Risky traders may hold, safe players may exit. Entry price, SL and targets will be decided afterwards. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes only.
HLong
by UnknownUnicorn7637383
#HDFC monthly chart deep analysis and assumptions(for reference)Greetings Folks, today I have prepared a setup of HDFC on NSE the analysis is as follows- - this is a monthly timeframe chart so do not use this to trade, use for confirmation bias - the price failed to break out of a series of monthly equal highs - the breakout didn't lasted and then the stock began its down trend - the down trend went on for 4 months , and now the price seems to have found a stable support i.e the 50% of fib retracement - the price is likely to consolidate a bit to add liquidity and momentum - i will say it again, do not use this chart to set your entry and exit points don't play with fire, always use a predefined stoploss
NSE:HDFCBANK
by profitpujari
13th Oct ’23 - HDFCBK results may mess up Tech Analysis -BankN50BankNifty Analysis BankNifty was crazier than Nifty today, but because the options premium were not juicy enough, I refrained from taking positions (glad that I did). Open we fell 349pts and never really recovered from it. Till 13.30 BankNifty was showing more intent to fall than Nifty. Then came a quick surge of 248pts ~ 0.56% in 30mts. We closed the gap with this. More importantly, we fell back 360pts from that day’s top. A 0.81% fall in the closing hour has to do something with the results on HDFCBK. Yesterday I went with a neutral view for BankNifty and clearly said would prefer to go bearish if the 44380 level is broken. 44380 from the chart above shows the minor support level on which the double top lands. For Monday, it looks like the technical analysis may not work as news-flow, the results declaration on HDFCBK will mess it up. Still, with respect to the support/resistance levels, I wish to go with a short position if the 44068 gets broken.
NSE:BANKNIFTYShort
by viswaram
HDFCBANK - Near Important Support ZoneNSE:HDFCBANK offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. Positives: Company with high TTM EPS Growth Good quarterly growth in the recent results Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Efficient in managing Assets to generate Profits - ROA improving since last 2 year Increasing Revenue every Quarter for the past 4 Quarters Company able to generate Net Cash - Improving Net Cash Flow for last 2 years Annual Net Profits improving for last 2 years Book Value per share Improving for last 2 years Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Negatives: MFs decreased their shareholding last quarter Decline in Net Profit with falling Profit Margin (QoQ) Declining profits every quarter for the past 2 quarters Weak Momentum: Price below Short, Medium and Long Term Averages NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
NSE:HDFCBANK
by babutaaniket
8