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Hdfcbankanalysis

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.
NSE:HDFCBANKLong
by WaveMoku
1
HDFCBANKHDFCBANK :- The stock has tried to break the resistance many times on the daily time frame. Keep an eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:HDFCBANKLong
by AjayDhakad_Keep_it_simple
1
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. _____________________________________________________________________________ Previous Long Term forecast ______________________________________________________________________________ Bank Nifty Medium Term Forecast _____________________________________________________________________________
NSE:HDFCBANKShort
by Neowave-forecast
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.
NSE:HDFCBANKLong
by KaustavHazra
3
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.
NSE:HDFCBANK
by TheMamboMomentum
2
#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
NSE:HDFCBANK
by profitpujari
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.
NSE:BANKNIFTYShort
by viswaram
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
NSE:HDFCBANKLong
by karthikje
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
NSE:BANKNIFTY
by K_Dyadav