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HDFCBANK

HDFC BANK NSEDATE - 12th March 2024. HDFC Bank has breakout today with good amount of candle size and volume too. Applied Concepts Chart P. - Inverted H&S Positive Order Block from Daily Time Frame and Previous OB of Monthly TF as shown in chart. Only OB is not a good option so here we have applied FVG (Fair Value Gap) also, Price Action has successfully reversed from FVG and gave confirmation for potential upside movement. Targets 1st Target as per Chart P. is 1555 Rs. and Further upside Target as per OB and FVG is 1700+. Thank You! Have a Good Day.
NSE:HDFCBANKLong
by KRSCharts
8
IndusTower looking good to BOOM💥; 40% swingAdd this to watchlist and wait for entry.👁️‍🗨️ 2024-2025 For short term investment ; Leave a " Like If you agree ".👍 . Wait for small retracement & daily candle to close above - "340". Avoid Trade untill PROPER ENTRY level. . Entry: 340 target: 400- 420- 478 sl: 315 major stoploss/ support: 290 . . Enter only if market Retrace and Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer our old ideas attached below for Backtesting
NSE:INDUSTOWERLong
by TheNuraTrading
#HDFCBANK BREAKDOWN 08/07/2024How to trade HDFC Bank Stock after its Fall 05/07/2024 HDFC BANK the stock is holding above its 50-day moving average, the big traders or specialist remains positive on the other side showing resistance at 1700. After such a sharp decline, HDFC BANK is likely to find support their is high possibility of a bounce back from the mentioned support levels. On the higher side, Immediate resistance is at 1700 and the next crucial resistances are at 1740 and 1790-1800 levels. The overall structure of the stock seems to be bullish, and buying on dips will be the ideal strategy in this counter. Coming to the levels 1600 will be a good bargain price where short-term traders can enter the stock. The immediate targets for the stock are around 1720 on the higher side L E V E L S:- Resistance-1700,1720,1740 Support-1600
NSE:HDFCBANK
by TheGoldenRatio-6
HDFC Bank Tanks, Drags Bank Nifty & Nifty Ends at a New ATHNifty 24324/+0.09%/5-7-24 The Open Price was -89 (83) points compared to the closing price of the previous session, giving a negative start to the day. Nifty made a low at 24169 )24281) which is a downward shift to the lower base and is not a positive sign . The Close Price was 111 (-68) as compared to the open price which is a positive sign. The Close - High difference was 39 (99) points which is also a positive sign - Nifty jumped up sharply in the last half an hour. Nifty’s range for the day was 194 (120) points. Nifty made a lower high, a lower low, and a higher close. The price action is bullish. Bank Nifty 52660/-0.83%/5-7-24 The Open Price was 392 (268) points compared to the cloning price of the previous session giving a positive start to the day. Bank Nifty made a low at 52290 (52816) which is a significant downward shift to the lower base and a negative sign. The Close Price was 100 (-254) points from the open price which is a positive sign. The Close - High difference was 158 (254) points and this mainly due to the fact that the high was hit at the open itself and there was late recovery in the index. Bank Nifty’s range for the day was 528 (542) points. Bank Nifty made a lower high, a lower low, and a lower close. The price action is tentatively bullish. Insights for 5-7-24 India Vix ended at 12.70/-1.24%. Nifty Lifters 38 Reliance, SBI, and LT. Nifty Draggers 52 HDFC Bank, Titan, and M&M. Bank Nifty Lifters 324 SBI, Kotak Bank, and Axis Bank. Bank Nifty Draggers 832 HDFC Bank In yesterday’s post I had mentioned that holding on to 52800 on a closing basis is very crucial for Bank Nifty. And the session’s high was 52817. Bank Nifty was under extreme pressure as HDFC Bank tanked almost 5% and contributed over 800 points fall in the index. Bank Nifty was able to recover in the last half an hour but it was not enough to take it above 52800. On the other hand, Nifty made a sharp recovery in the last half an hour of price action and ended at an All Time High close. This was possible mainly on account of short-covering in Infosys and HDFC Bank. The indices were volatile, but the India Vix is not reflecting the same and it ended with a decline. FIIs bought 1241 Crs DIIs Sold 1651 Crs Net -410 Crs What May Happen Next Week The next week may start seeing Q1 results getting released so the indices are likely to swing in line with what the traders/investors interpret of the numbers. For Bank Nifty, 52800 is a key resistance level and unless it opens gap up, and HDFC Bank does not fall further, the index may stage a recovery towards 53000. Nifty has shown resilience around 24200 and it appears that there are a good number of buyers around that level. So as long as it trades above 24200-250, the up move is more likely to continue.
NSE:DAVANGERE
by AVENUESOFINVESTMENT