HDFCBANK
Nifty, Banknifty and top stocks analysis for tomorrow + levelsDespite a considerable gap down opening, the indices were able to recover well in the last half an hour. This was largely thanks to stocks like ICICI Bank, HDFC Bank, Reliance, etc. With Reliance earnings announcement scheduled for today, could the markets be ready for a 'dhamaka' on Monday?
hdfc Bank HDFC Bank Q3 Results: Profit jumps 18% YoY to Rs 10,342 cr on strong revenues
HDFC Bank on Saturday reported a net profit of Rs 10,342.2 crore in October-December quarter; registering an increase of 18 per cent year-on-year as strong growth in the private lender’s net revenues boosted its bottom line.
Net interest income for the quarter under review grew by 13 per cent to Rs 18,443.5 crore, up from Rs 16,317.6 crore a year ago.
The results were broadly in line with market expectations, which had pegged the on-year growth in net profit at 12-18 per cent ..
HDFC Looks very bearish on Chart for short termI am looking for a breakout and will trigger trade after confirmation as it is already fallen very much.
Keep eye on volume formation as the volume are more reliable in such situation.
HDFC is very bearish making inverted flag pattern in 1 hr time frame
Nifty is also at its upper end of the channel which add more safety to this trade .
My advice is that look for a potential entry with small sl. because the recovery in this situation will be very sharp so giving too much on a single trade is not a wise thing.
Again find small SL
Cup & Handle Pattern - HDFCCan be bought Positionally target will be informed as we move ahead. Please take position only after the price ticks above the mentioned levels.
Trade Cautiously. Like & Comment.
Refer some successful ideas attached below.
#107 HDFC BANK BLOCKBUSTER ON THE WAY107 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation. And if you have any queries let me know.
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HDFC BANK HDFC Bank has made a very strong comeback, breaking past above the 200 as well as the 50-day moving average So, HDFC Bank is likely to continue its momentum and start to outperform from the banking space. We would suggest a buy with Rs 1,650 as a momentum target and stop loss could be kept at Rs 1500 mark..
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Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade. We're not responsible for any loss or profits.