Here's the chart analysis of HDFC BANK on 4H TF. Please take trade according to the Global cues and Markets sentiment.
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HDFC BANK has been consolidating for a long while near its resistance areas. This is showing that the sellers are losing their grip on the supply zone and buyers are willing to push the stock ahead and change the market structure.
The breakout has not yet happened but the signs look positive hence keep it on your radar.
Disclaimer - Please take positions as...
HDFC Bank has reversed from 1725 third time & it has almost made a bearish engulfing candle on monthly charts could this leader be the laggard of this rally.
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Indiabulls housing finance is buy on dips until it is trading above 100 levels , a higher low in the structure indicating bullishness , can buy on any dips towards 110 levels with SL at 90 for big targets in long term
Keep eye on HDFCLIFE a bullish divergence on weekly time frame is spotted here a bull run will start in hdfclife levels mentioned on charts connect with your advisor also
Daily charts have formed lower lows on closing basis. Very important supports look 1530 (hdfc bank) and 2500 (hdfc).
Clear rejection from breakout levels. View will be invalid if we get a close 1680 and 2800.
Use discretion!!
The banknifty index is stuck in a range from 44150 to 43500 levels , any breakout or breakdown of these levels can give a directional move in the index , on the downside expect banknifty to touch 42800 levels if the range is broken downside ,higher probability trade will be on the upside if all time highs of index ie 44150 levels gets broken , one can enter on...
HDFC BANK looking good for a long , with just 3% of SL max and a good reward if goes as expected , SL is tight and small and am expecting the bank to make new all time highs very sooner
The fall on Friday (5 May 2023) was a news driven event. Need to see the price action and how it shapes up during the week going forward.
Might see price consolidation between 1625 and 1725. Breakout and close above 1725 would be create an upward momentum.
Support around 1560 - 1500.
Bullish over long term. However, always keep a strict stop loss between...
Finally some volatility to keep the bears alive. This entire week the technical analysis was saying keep buying. See how a fundamental change can alter the sentiment.
"MSCI tweaks spook HDFC twins, merged entity may see $150-200 million outflows"
The MSCI news hit just before the start of the day and NSE:HDFCBANK and HDFC were down 5% in pre-open. The...
HDFC bank is looking good for a short , short to medium term swing trade , with small SL just above the candle , need breakdown and price has to sustain below supports of 1670, RR looks good and banknifty looks overheated
Hdfc bank spot cmp 1720
Last two swing high for the counter on weekly time frame are around 1725 and 1722 levels, from where counter have faced some selling pressure .
Current price also in same supply zone, if we get weekly close above 1725 levels, and a follow through, counter can move on to new bullish zone.
If fails to move above 1725 or sustain above 1725...
