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Hdfcbankanalysis

HDFC Cup & Handle PatternWhat Is A Cup And Handle? A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. What Does A Cup And Handle Tell You? As a stock forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days to four weeks, before advancing higher. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities. It is worth considering the following when detecting cup and handle patterns: Length : Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with a sharp "V" bottoms. Depth : Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern. Volume : Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high.
NSE:HDFCBANK
by kiranrshinde
HDFC BANK LTDEveryone is talking about the breaching of 200 DMA. But please don't hate it, rather try to find a opportunity. Let's try to look at it from a different dimension. - It is not the first time it would reach its 200 DMA. - There is a trendline since 2018 where it has tested the trendline and 200 DMA at the same time, it breaks the 200 DMA at times but comes back more aggressively. - Moreover currently HDFC BANK is forming a pattern in between descending triangle & Pennant , which is nothing but a bullish continuation pattern. The chart explains it all, Please have a look. Chart & Analysis - ADARSH DEY
NSE:HDFCBANK
by AdarshDey
8
HDFC Bank - ShortHDFC Bank - Short Trade and Invest Wisely with your own knowledge! Good Luck! You can also see my other stock analysis and the results in my profile ideas. Please follow me , If you would like to see more ideas on winning stocks. **Disclaimer: I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins . ***
NSE:HDFCBANKShort
by pmosesoliver
HDFC Bank - Elliott wave analysis # Complete cycleRecently I have started to analysis some stocks. Most of the stocks are in final leg rally and also Nifty n BankNifty indexes too. After then there may be some corrections (approx. 50% correction). It is an impulse from 2009 and wave 5 is in progress from Mar'20. Now it is about to start its final up-trend. First target : 1650 Second target : 1830 Third target : 1960 Final target : 2090 Invalidate level : 1405 Day TF 1hr TF
NSE:HDFCBANK
by dhinesh_kumar
2
FY21-22 Swing Trade Idea #102: Long on HDFCBANK This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:HDFCBANKLong
by onerighttrade
Will HDFCBANK lead BANKNIFTY back up to 38000?HDFCBANK and BANKNIFTY are in a very interesting position. HDFCBANK has formed a nice continuation candle right at the 20 EMA after a pullback on the weekly timeframe. HDFCBANK has been in a nice uptrend, continuously making higher highs and higher lows. If it continues the up swing, it could carry BANKNIFTY with it back up to 38000. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 30 minutes. LONG ABOVE : 1525 STOP LOSS : 1459 TARGET 1 : 1585 TARGET 2 : 1648
NSE:HDFCBANKLong
by Tradeception_
HDFC Bank - Moving in consolidation channel. Breakout soon! Key Highlights: 1. Potential change in MS underway 2. Descending broadening wedge pattern 3. Trendline breakout 4. Consolidating in parallel channel 5. Ripe for the next impulsive move 6. Target: 1561, 1635 7. Stop loss: 1455 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
NSE:HDFCBANKLong
by johntradingwick
4