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HDFCBANK

Classical Cup & Handle Breakout in HDFC BANKHDFC Bank Ltd shows a classic cup and handle pattern on the weekly timeframe, suggesting a bullish continuation signal. Hereโ€™s a technical analysis: Cup and Handle Pattern: The chart displays a well-formed cup and handle pattern, which is a bullish technical formation. This pattern often precedes an upward breakout and is considered a strong bullish signal. Resistance Levels: The stock has broken out above key resistance levels drawn at around โ‚น1,760โ€“โ‚น1,780, confirming the pattern. This breakout suggests potential upside movement with increased buying interest. Volume: There is a significant increase in volume during the breakout, which validates the strength of the breakout. High volume on a breakout indicates strong investor confidence in the upward move. Target Projection: The target projection based on the depth of the cup is approximately 20% above the breakout level, aligning with the level marked around โ‚น2,100. Stop Loss: A suggested stop-loss level is placed just below the handleโ€™s low (around โ‚น1600) to manage risk in case of a pullback. Moving Averages: The stock is trading above key moving averages, which reinforces the bullish trend and confirms upward momentum.
NSE:HDFCBANKLong
by Profit_Trader25
1
HDFC BANK next move as per PriceActionOn Monday Earnings & Revenue report came out and it opens gap up above it's strong resistance level which is now good and strong support and now from last 3 sessions its trying to breach its other resistance zone of 1743.10 to 1748.15 in the last session it striked again to this zone but unable to break it and closes at 1736.20 s for the the upcoming sessions we've to watch the behaviour of price at resistance zone if it succesfully breach this zone then we've to go long till next zone of 1780-1788 and should place our SL below the zone of 1748.15-1743.10, wait for the price stablization and look for continuation candlestick pattern or after breaking of zone it's better to enter on pullback.
NSE:HDFCBANKLong
by NobleFalcon
18th Oct 2024ย - Sensex will replace BankNifty for Algo strategyBankNifty Stance Neutral โžก๏ธ In last week's report, I did mention that we would be forced to exit the bearish position if we get a close above 51713. The fact is that we went above these levels by 15th October itself i.e. day 2 of this week. On Thursday, we melted and then on Friday, we saw the short covering that propelled us to close at 52138. The short covering could entirely be because of HDFC and KOTAK bank quarterly results and the short-sellers would have panicked. I would like to inform you that the results are in-line and no major surprises. If the Bears are trying to get back into the game, they may do so in the opening hours of Monday 21st. To change my stance to bearish, we would need to close below 51713 now. Meanwhile, I was backtesting and analyzing SENSEX in the hope that it could replace BankNifty for my intraday Algos. After 4 days, of analysis I have the following observations. Margin requirements for Sensex are much better than BankNifty. Exchange charges are much lower for Sensex. BSE will benefit a lot more as more traders will dump NSE. The reward to risk ratio is better for Sensex than BankNifty. The liquidity is lower and Bid/Ask spread is higher for Sensex than BN, I hope this will normalize once BN weeklies come to an end. I strongly believe my algos could run on Sensex from December month onwards.
NSE:BANKNIFTY
by viswaram
HDFC BANK - AN INVESTMENT PICK AT MOUTHWATERING VALUATION?The HDFC Bank extended decline today, after marking its biggest single-day drop since March 2020.In the last two days alone, HDFC Bank has corrected more than 12%. This decline is fine but there's another picture to it which no one is talking about. While there is so much panic among investors and traders but this panic can be a good investment opportunity. There exists a curve resistance at long term charts around 1700-1720 levels which HDFC respected this time also and fell from that level. On the other hand, If we talk about technical patterns, There is a clear Inverse Head & Shoulders pattern in making at long term charts. Such long term chart patterns don't fail most of the time. HDFC current market price is 1500 and It is trading at a support zone of 1480-1500 & valuation is good at cmp. Inverse Head & Shoulders pattern breakout level is 1690-1700. Breakout of this pattern will take it to 2200 levels which is approximate 46-47% upside from current level. Incase It falls further, then It can be added more at 1450-1420-1400 levels. This could be a great investment for long term investors.
NSE:HDFCBANKLong
by akshit_official
17
HDFC BANK ( Looking goog to invest); small stoploss is enough;For short term investment ; Leave a " Like If you agree ".๐Ÿ‘ . Wait for small retracement & daily candle to close above - "1650". Trade carefully untill ENTRY level. . Entry: 1655 / 1640 target: 1675- 1700- 1750 sl: 1640 / 1630 major stoploss/ support: 1600 . . Enter only if market Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.๐Ÿ“ˆ๐Ÿ“‰ Keep it " simple, focus on consistency " ๐Ÿ’น Refer our old ideas for accuracy rate๐Ÿง‘โ€๐Ÿ’ป Follow for daily updates๐Ÿ‘ . Refer old posted idea attached below.
NSE:HDFCBANKLong
by TheNuraTrading
Macrotech developers Ltd (LODHA)All important points are marked. ๐ƒ๐ข๐ฌ๐œ๐ฅ๐š๐ข๐ฆ๐ž๐ซ: ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ ๐ข๐ง ๐ฌ๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ข๐ž๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž ๐ฌ๐ฎ๐›๐ฃ๐ž๐œ๐ญ ๐ญ๐จ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ซ๐ข๐ฌ๐ค๐ฌ, ๐ซ๐ž๐š๐ ๐š๐ฅ๐ฅ ๐ญ๐ก๐ž ๐ซ๐ž๐ฅ๐š๐ญ๐ž๐ ๐๐จ๐œ๐ฎ๐ฆ๐ž๐ง๐ญ๐ฌ ๐œ๐š๐ซ๐ž๐Ÿ๐ฎ๐ฅ๐ฅ๐ฒ ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐ข๐ง๐ . ๐’๐ญ๐จ๐œ๐ค๐ฌ ๐ฌ๐ฎ๐ ๐ ๐ž๐ฌ๐ญ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ ๐ซ๐จ๐ฎ๐ฉ ๐š๐ซ๐ž ๐Ÿ๐จ๐ซ ๐ž๐๐ฎ๐œ๐š๐ญ๐ข๐จ๐ง ๐ฉ๐ฎ๐ซ๐ฉ๐จ๐ฌ๐ž. ๐–๐ž ๐๐จ๐ง๐ญ ๐ฆ๐š๐ค๐ž ๐š๐ง๐ฒ ๐ฉ๐ซ๐จ๐Ÿ๐ข๐ญ๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐œ๐จ๐ฆ๐ฆ๐ž๐ง๐๐š๐ญ๐ข๐จ๐ง๐ฌ ๐ž๐ฏ๐ž๐ซ๐ฒ๐ญ๐ก๐ข๐ง๐  ๐ฌ๐ก๐š๐ซ๐ž๐ ๐ก๐ž๐ซ๐ž ๐š๐ซ๐ž ๐œ๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž๐ฅ๐ฒ ๐จ๐Ÿ ๐Ÿ๐ซ๐ž๐ž ๐จ๐Ÿ ๐œ๐จ๐ฌ๐ญ.
NSE:LODHALong
by sreekumars
5
HDFC BankImportant points are marked. ๐ƒ๐ข๐ฌ๐œ๐ฅ๐š๐ข๐ฆ๐ž๐ซ: ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ ๐ข๐ง ๐ฌ๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ข๐ž๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž ๐ฌ๐ฎ๐›๐ฃ๐ž๐œ๐ญ ๐ญ๐จ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ซ๐ข๐ฌ๐ค๐ฌ, ๐ซ๐ž๐š๐ ๐š๐ฅ๐ฅ ๐ญ๐ก๐ž ๐ซ๐ž๐ฅ๐š๐ญ๐ž๐ ๐๐จ๐œ๐ฎ๐ฆ๐ž๐ง๐ญ๐ฌ ๐œ๐š๐ซ๐ž๐Ÿ๐ฎ๐ฅ๐ฅ๐ฒ ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐ข๐ง๐ . ๐’๐ญ๐จ๐œ๐ค๐ฌ ๐ฌ๐ฎ๐ ๐ ๐ž๐ฌ๐ญ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ ๐ซ๐จ๐ฎ๐ฉ ๐š๐ซ๐ž ๐Ÿ๐จ๐ซ ๐ž๐๐ฎ๐œ๐š๐ญ๐ข๐จ๐ง ๐ฉ๐ฎ๐ซ๐ฉ๐จ๐ฌ๐ž. ๐–๐ž ๐๐จ๐ง๐ญ ๐ฆ๐š๐ค๐ž ๐š๐ง๐ฒ ๐ฉ๐ซ๐จ๐Ÿ๐ข๐ญ๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐œ๐จ๐ฆ๐ฆ๐ž๐ง๐๐š๐ญ๐ข๐จ๐ง๐ฌ ๐ž๐ฏ๐ž๐ซ๐ฒ๐ญ๐ก๐ข๐ง๐  ๐ฌ๐ก๐š๐ซ๐ž๐ ๐ก๐ž๐ซ๐ž ๐š๐ซ๐ž ๐œ๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž๐ฅ๐ฒ ๐จ๐Ÿ ๐Ÿ๐ซ๐ž๐ž ๐จ๐Ÿ ๐œ๐จ๐ฌ๐ญ.
NSE:HDFCBANKLong
by sreekumars
HDFCBANK // Levels // 1 hour "Welcome to SkyTradingZone " Hello Everyone ๐Ÿ‘‹ Technical analysis can help identify potentially favorable conditions for a transaction. It can be used to spot trends in an asset's price over a set period of time. Here's some other information about HDFC Bank: Support and resistance According to Invest tech , HDFC Bank has support at 1600 rupees and resistance at 1727 rupees. Resistance Levels: R1: โ‚น1,670.00 R2: โ‚น1,690.00 R3: โ‚น1,710.00 Support Levels: S1: โ‚น1,650.00 S2: โ‚น1,630.00 S3: โ‚น1,610.00
NSE:HDFCBANKLong
by SkyTradingZone