HDFCBANK: 1:1.5 SETUPSimple, Neat and Clean.
W pattern formation + volume + good RR.
Weeeeeeeeeeeee.....
Hdfcbankanalysis
HDFC Bank (Bearish Sequence)## We publish bearish sequence in hdfc bank & exactly it happen eventhough bank nifty is recovering but hdfc is not, you can see the chart below.
## Anyway HDFC bank is still developing M2 wave after which it will proceed for downward movement.
## Even though M3 failed but still Longterm wave is still bearish, so hdfc bank will fall again.
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Previous Long Term forecast
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Bank Nifty Medium Term Forecast
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HDFC Bullish Engulfing in 30 minAs we can see HDFC is in support zone . andin 15 min we can see a morning star and in 30 min it create a bullish engulfing pattern. But here we can see volume was low.
NOTE: you can't take any trade based on pattern. you have to focus on volume also. Due to volume the pattern can fail sometime.
Fopr more confirmation we will create a red rectangle. after breaking that rectangle we will take a buying position for 1st target of 1460.
Support: 1434
1st resistance:1460
2nd resistance:1478
In intraday Don't short your position before break of 1434 support .Market may consolidate near support area.
Avoid to take any position between red rectangle.
HDFC BANK Trade Setup Idea - HDFC BANK is currently trading 6.8% from my previous short analysis
- HDFC Bank can soon present a bullish scenario grab some orders and then flush out all the FOMO buyers
- IMO 1100-1250 is a very strong demand zone for HDFC bank
- HDFC bank can soon present an opportunity to bag it at cheap price
- I am still heavily bearish on HDFC
- Demand - 1180-1260, 700-850
- Supply - 1500-1600
HDFCBANK : Likely to form a Symmetric Triangle PatternHDFC Bank is likely to form a Symmetric Triangle Pattern.
Wait for breakout from 1720 level.
#Current Price - 1535
#Expected Target - 2600
#Stoploss - 1650
Pattern is forming on weekly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Please give a Like if you like.
HDFC Bank at Major Support LevelsNSE:HDFCBANK has been hammered by the markets and is currently taking support at 200 Weekly EMA. This level has been touched or breached by the bank only thrice before today in more than 2 decades. This is certainly challenging for the bank and while it looks oversold, I would only buy above the current resistance of ~1700+ as this level has been a very strong resistance. Do not ignore technicals.
Huge selling in HDFC. How to trade it tomorrow.One side fall in the stock has impacted the indices too.
HDFC bank, is heavy weight in index, fell 140 point or 8.5% created a sell off.
It took a retest of 200 ema and has closed below both the averages. It may give another red candle tomorrow.
There stock has closed around a support zone and chance of testing 1500 levels are high.
Short position can be created below 1535 levels and targets can be trailed if the market remain in red.
Support levels:- 1505, 1470-80
The results are not that bad to make the stock fell so much. Some long term investors can accumulate some quantity.
Wait for a price action and enter only confirm trades.
HDFC BANK : Near strong support area Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Ascending Traingle
📌 Symbol/Asset: HDFC BANK
🔍 Description: Stock has is trading in a pattern from last 3 years.
Now Stock is around the support.
We can see good bounce from 1450-1480 levels if support is sustained
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
HDFC View in 30 minFrom last couple of day it's follow a down trend in 30 min timeframe. and now it create a double bottom with good volume and we can see MAX VOLUME is in 1674.05 .
After break trend line with good volume the level of 1690 we can se a good move from 1690-1705 or 1720.
After 1690 level break as expected we can see a bullish divergency at MACD . (as expected just tell this advance )
1704 is a resistance 1
1720.90 is resistance 2
support 1: 1674
Support 2: 1668
HDFC BANK make or break !!!HDFC BANK near resistance !!
major resistance at 1670-1690 this is 7th attempt to break it !!
if good volume break then rally continues or else
previous support at 1450 levels
waiting for a clean break to enter
HDFC LIFE !Trend is neutral
Net Sales of 46,513cr has grown at 56.23%
Pat has grown at 20.84%
PE is too hot and high at 93.43%
mutual fund stake has increased from 4% to 4.66%past quarter
stock is a good buy at 520-560
Wait for the dip
#HDFC monthly chart deep analysis and assumptions(for reference)Greetings Folks,
today I have prepared a setup of HDFC on NSE
the analysis is as follows-
- this is a monthly timeframe chart so do not use this to trade, use for confirmation bias
- the price failed to break out of a series of monthly equal highs
- the breakout didn't lasted and then the stock began its down trend
- the down trend went on for 4 months , and now the price seems to have found a stable support i.e the 50% of fib retracement
- the price is likely to consolidate a bit to add liquidity and momentum
- i will say it again, do not use this chart to set your entry and exit points
don't play with fire, always use a predefined stoploss
HDFCBANK at the verge of a short term break outIn the 3 hour Time Frame HDFCbank is about to give a short term break out, Target 1586
CMP 1548
4th Oct ’23 - HDFC spoils the expiry today- BankNifty PostMortemBankNifty Weekly Analysis
Between the last expiry and today, BankNifty has only fallen 291pts. That fall coincides with a strong support level break - which may bring in additional pain for the long-only traders. It is also significant that BankNifty broke the crucial level ahead of Nifty reiterating its position as a leading indicator.
BankNifty Today’s Analysis
I was pretty much disappointed today with the BankNifty’s expiry. Not because I couldnt make any money out of it, but because the premiums were all good for nothing. Even after a 450+ points fall in the opening 10mts - the implied volatility did not move an inch.
Usually OTM premiums spike when BankNifty moves above 1% - but today there was absolutely nothing. 900 points lower strike 43000 PE was trading at Rs2 in the morning session. These are the premiums of strikes we see for 2000 to 2500 pts away from ATM. Most interestingly when BN was at 43880 levels by 12.30, 43500 PE was trading for Rs2.6. There is a solid reason why this happened and I will explain it in detail.
HDFC Bank is the main culprit. It went up 2.53% between open and 10.30. If you look at the daily candle - HDFC shows bearishness. Two strong double tops and then a lower high formation. The true free float weightage is 40.9% - source. Which means a small trigger could change the game.
Ideally, we should have had a strong down day. BankNify ended the day with cuts of 435pts ~ 0.98% - but due to the optimism on HDFCBK, the options premium were pricing in the information that further downside may be limited. The news broke today “HDFC Bank Q2 Update: Advances up 58% YoY, deposits rise 30%”.
On the 1hr TF we have broken the support of 44068, yesterday’s bearish call worked out well despite the misadventure from HDFC. I would like to see if BN can cross this resistance level in the forenoon session. I still maintain the bearish stance with the next target being 43827 and then 43732.
HDFC Bank - Final supportHello Investors,
All these two years HDFC bank share had tough time for investors. Now I did a monthly time frame analysis with the trend line and horizontal price engagement area meeting the trend line.
Hope this could be the final swing to come low for HDFC bank.
What are the support levels ?
1505, 1500, 1498, 1480
From any of these price point it will bounce and will have a pleasant rally, why ? FII buying in HDFC Bank has increased from the june quarter and the DII as well showing interest.
Thanks
HDFC bank fake or real breakdown HDFC Bank has given triangle pattern breakdown.
Volume has not given the confirmation, current week volume is less than previous week.
Expecting breakdown retest and their after validation of the breakdown.
Bank Nifty has retraced its 50% retracement level after up move in last couple of weeks.
HDFCBANK: 3 Year Triangle BreakdownHDFCBANK broke down of its 3 year long Ascending triangle with a big red candle and high volumes this week. Can head down if the down momentum continues. Or it could bounce back next week and come back into the triangle to break upwards.
BankNifty movement will be decide by HDFC Bank!!!!Bank Nifty again at important levels because of HDFC Bank & ICICI Bank. These 2 will decide in which direction this index move. I sense HDFC Bank will be in side ways or move in range till it's result. After result market will decide that merger HDFC Bank is hit or flop till than some negative & sideways move will be there. Do not forget US market also they will do something crazy in coming time.
HDFC Bank range from last year 1500-1720 (strong support 1500-1520)
ICICI Bank support 920-944 negative below 920 only
Trade with stoploss. Happy Trading
HDFC BankHere, is the daily time frame chart since we are tracking from last year....
and Had a fruitful results....
What's your view on HDFC bank?
HDFC Bank Analysis Stock has given BO after downtrend channel, volume build up seen, follow chart for proper support and resistance levels. Today's fall in small cap and mid cap stocks will result rise in large cap stocks.
HDFC BANK Reversal W pattern Weakly Time frame
Reversal W pattern
Top price 1720-1760
1600 Line breakout
Resistance 1600-30
First Target 1535
2nd Target 1385
3rd Target 1280
HDFC AMC - Seems Bullish with cup and handleHDFC AMC is making long term cup and handle pattern. Wait for the handle to break out for an amazing target.
Currently banks and financial services setor is doing great. Some stocks gace over 50% return in last one year. Keep an eye on RBI policy announcement..
HDFC Bank: A Good Stock for the Long TermHDFC Bank is the largest private sector bank in India and is expected to report strong earnings tomorrow. The stock is currently trading at a premium to its fair value, but it is still a good stock to own for the long term.
Here are some of the reasons why HDFC Bank is a good stock to own for the long term:
Strong financials: HDFC Bank has strong financials with a high capital adequacy ratio and low non-performing assets.
Good growth prospects: HDFC Bank is well-positioned to benefit from the growth of the Indian economy.
Dividend yield: HDFC Bank has a good dividend yield, which provides investors with a steady income stream.
Here are some of the risks to consider before investing in HDFC Bank:
High valuation: HDFC Bank is currently trading at a premium to its fair value.
Regulatory risks: The Indian banking sector is facing some regulatory risks, which could impact HDFC Bank's performance.
Interest rate risks: HDFC Bank is exposed to interest rate risks, which could impact its profitability.
Overall, HDFC Bank is a good stock for the long term. However, investors should be aware of the risks before investing in the stock.
Trading Strategy
The following is a trading strategy for HDFC Bank:
Entry: Buy the stock at 1640.25.
Stoploss: Sell the stock if it falls below 1610.40.
Target 1: Sell the stock if it reaches 1670.10.
Target 2: Sell the stock if it reaches 1703.
This is just a suggestion and you should always do your own research before making any trading decisions.
