HDFC Bank Fails the breakout: Importance of Following DisciplineNSE:HDFCBANK has failed its breakout. This is why it is important to wait for confirmation/follow your discipline. Do not rush in trades. Always maintain stop loss and respect price.
HDFCBANK
Coffee Day :: A Good Buy RangeI decided to invest in Coffee Day as it appears to be within a good buying range.
Disclosure : I am not SEBI registered. The information provided here is for education purposes
only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor before taking any decisions
HDFC Bank retesting the break out zone, looks bullish.
The stock looks bullish as per the price action. There was a consolidation and a break out after a gap up opening creating a gap.
It has retest the break out zone and the gap is filled.
HDFC Bank has taken a good support from 1480-90 zone as there is a confluence of 200 ema, retest and fib retracement levels.
Entry :- Above 1528
Possible Targets :- 1556, 1588
Swing/positional targets in the stock are even more. As the entry in the stock will be created the targets will be revised with trailing the SL/.
Wait for the price action on the bullish side for the entry.
HDFC Bank - Bullish Flag chart patternBullish flag chart pattern has formed in HDFC Bank and also we have seen the breakout yesterday.
During the flag formation, we have observe the volume is going down, indicating that the bullish trend will continue.
Breakout of bullish with volume indicate a good sign and also RSI is above 60 so the momentum is also available.
Levels are mentioned on chart, For target use measurement rule.
Trail your SL is the key of saving capital along with profit is the good gesture of traders.
Is HDFC Bank aiming to hit 2200+ in the coming months?Reason for going long on HDFC:
Ichimoku:
HDFC stock has been sideways for years but is slowly turning bullish after hitting strong Ichimoku cloud support at 1350. It is now crossing the Tenkan-sen (TS) and Kijun-sen (KS) on the monthly chart.
Fibonacci + Fib Channel:
When we draw the Fibonacci channel and Fibonacci extension of swings, it looks like HDFC is set to hit 2200 in the coming months.
Buy on Dip:
The current market price (CMP) is 1604. Any good dip near 1450-1520 presents a great buying opportunity for the long term.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Go long on HDFC Bank after break out of 1750!!!T1-1800
T2-1900
T3-2000
With in 3months
Its only for Education purpose.
HDFC BANK - Consolidation phase, is it calm before the storm?Overview & Observation:
1. Solid consolidation happening since 2020.
2. Better to just watch it for now
3. Prices have started moving slowly from the demand zone.
4. PA structure is currently bullish forming HH-HL.
5. Overall strength and momentum are lacking.
D TF:
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
State Bank of India can show momentum outside the narrow Range Stocks to Keep in Radar for Next Week
⏩ SBIN
⏩ NMDC
⏩ BHEL
⏩ DLF
SBIN is consolidating in narrow range from past many sessions
If decisively sustains outside the Box range, directional movement could be possible
However in case of Bearish pattern at upper end of range
it may come back to prev week's range
Important downside support is around 800 zone
whereas upside hurdle is aroud 845/850 level
*Election Results can create Volatility in the Maket
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Bank Nifty showed Recovery today & closed with gains Bank Nifty showed opposite direction movement as compared to NIfty index today
The Index bounced sharply from 48300 level after market opening & remained in
positive zone.
A Positive candle is formed on daily chart
The imp upside hurdle is placed around 49100 level
whereas downside support is around 47300/200 zone
Track for price to form Price Action Patterns at Imp Levels,
However market may show volatility during the last phase of elections
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
HDFC Bank is BullishBank is seen taking steps to reduce its employee cost and in chart pattern is indicating bullish pattern and price taking support with big range indicating bigger move on upside any time based on accumulation
LTTS at Good Support NSE:LTTS This Guy Falls Almost 16.3% in Last 20 - Days Now at Support Zone ( Previous Resistance acts as Support Now ) Wait For Weekly Closing and Enter any Reversal confirmation.
ASTRAL 1 Year - Consolidation Break-out NSE:ASTRAL This Break the 1 Year Consolidation Zone Wait For Weekly Closing How Weekly Candle Closing
Fundamental Picks - Stock PE < 20 (NIFTY BANK)📊 Script: BANKBARODA
⏱️ C.M.P 📑- 254
🎯 PE 🏆 - 6.98
📊 Script: FEDERALBNK
⏱️ C.M.P 📑- 159
🎯 PE 🏆 - 9.33
📊 Script: BANDHANBNK
⏱️ C.M.P 📑- 187
🎯 PE 🏆 - 10.12
📊 Script: SBIN
⏱️ C.M.P 📑- 817
🎯 PE 🏆 - 11.43
📊 Script: INDUSINDBK
⏱️ C.M.P 📑- 1410
🎯 PE 🏆 - 12.66
📊 Script: HDFCBANK
⏱️ C.M.P 📑- 1437
🎯 PE 🏆 - 16.07
📊 Script: IDFCFIRSTB
⏱️ C.M.P 📑- 76
🎯 PE 🏆 - 17.13
📊 Script: PNB
⏱️ C.M.P 📑- 123
🎯 PE 🏆 - 17.89
📊 Script: ICICIBANK
⏱️ C.M.P 📑- 1117
🎯 PE 🏆 - 18.44
📊 Script: KOTAKBANK
⏱️ C.M.P 📑- 1627
🎯 PE 🏆 - 18.49
Formula to calculate PE = MVP/EPS
MVP - Market Value Per Share (Stock Price)
EPS - Earning Per Share
Industry(NIFTYBANK) PE - 15.7
Always Compare Stock PE with Industry PE for Better Understanding.
LOWER THE PE MORE ATTRACTIVE THE COMPANY.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
HDFC Bank could see surprise up moveHDFC Bank is at the tail end of D wave completion and could take support any time. And price is also at near next line breakout after inverted head and shoulder pattern. I do not see much downside further unless any major reason for more sell off. At key levels big players made vice decision to buy back or buy reliance at key support levels. so similar support and spikes can be expected in HDFC Bank any time since this is also FIIs and DIIs favorite.
HDFC BANK Levels 8 May 2024 - 10 May 2024HDFC BANK Levels 8 May 2024 - 10 May 2024
- based on trend & technical analysis.
Bank Nifty is at Support - S1As on 6th May EOD closing chart, BN is holding on to support area. BN is strong with positive news from ICICI, Kotak, Axis and average results from HDFC. Just a draft proposal from RBI on its new policy had to see some sell off from SBI which was very bullish. Trade on 7th may to be based on opening and breaking of S1 or R1 etc
HDFC Bank is showing Bullish patternHDFC results given some profit booking but chart pattern is holding to support line and side way indicating build up with big players. so far chart do not show any down trend in charts.
HDFC Bank is clear buy and getting ready for big moves on upside.
HDFC Bank - Turned Bullish after Kotak news - Target 1620HDFC Bank seems to be trend changed due to Kotak Bank restrictions by RBI. Based on follow up buying HDFC Bank could see 1620 to 1630 levels.
HDFCBANK APR 1510 PE - OptionsAfter a nice rounding bottom expecting this to move as desired.
Levels are provided.
Your risk Your stoploss.
HDFC Bank mostly will fall once support line is brokenHDFC Bank mostly will fall once support line is broken. NO analyst or Media giving actual view on HDFC Bank Q4 results because they all hold holdings and they want exit first and not guiding the public about poor results from HDFC Bank. I am expecting a bigger fall in this bank leading the BN and N to fall as per pending wave on down side.
Right time to accumulate this stock for swing tradingCompany:- Infosys Ltd.
Sector:- IT (Information & Technology)
M Cap :- 6.14T
Technical Analysis:- The stock has experienced a notable decline of 15% from its recent peak. Delving into the intricate dynamics of its price movements, an examination of the hourly chart reveals a completion of correction within wave 12345. Furthermore, a meticulous observation of the daily chart showcases the emergence of an inside candle, signaling a potential breakout imminent in today's trading session.
Of particular note is the breakout of bullish divergence coupled with a period of consolidation evident on the hourly chart. This confluence of indicators suggests a compelling trajectory for the stock, with a projected upward movement towards the levels of 1575 and subsequently 1620 in the foreseeable future.
Disclamer:- Before taking any trade or investment do your own analysis or cunsult your financial advisor.
