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Hdfcbankanalysis

HDFC Bank Ltd - Breakout OpportunityDate : 2-Aug-2024 LTP : Rs. 1,659.15 Next Resistances: (1) Rs. 1,721 --> (2) Rs. 1,794 --> (3) Rs. 1,921 SL : Rs. 1,532 on daily close basis Technical View: • NSE:HDFCBANK is in it's primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 1,794 on 3-Jul-2024, it has retraced 11% to 1,588.05 level. • Post retracement NSE:HDFCBANK was going through accumulation phase and in last few sessions has given indication of starting a participation phase. • On 26-Jul-2024, NSE:HDFCBANK has broke out from its secondary down trend with high volume. • On 1-Aug-2024, NSE:HDFCBANK has closed above 21 DEMA and 20 DMA. Currently NSE:HDFCBANK is trading above 21 DEMA, 20 DMA and 50 DMA. • RSI has entered buy zone on 1-Aug-2024 and currently trading at 58.16. • MACD has given bullish cross over on 2-Aug-2024 and is trading at 1.09. • Looking good to start a new swing from here. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:HDFCBANKLong
by vikrant_252
HDFC BANK NSEDATE - 12th March 2024. HDFC Bank has breakout today with good amount of candle size and volume too. Applied Concepts Chart P. - Inverted H&S Positive Order Block from Daily Time Frame and Previous OB of Monthly TF as shown in chart. Only OB is not a good option so here we have applied FVG (Fair Value Gap) also, Price Action has successfully reversed from FVG and gave confirmation for potential upside movement. Targets 1st Target as per Chart P. is 1555 Rs. and Further upside Target as per OB and FVG is 1700+. Thank You! Have a Good Day.
NSE:HDFCBANKLong
by KRSCharts
8
#HDFCBANK BREAKDOWN 08/07/2024How to trade HDFC Bank Stock after its Fall 05/07/2024 HDFC BANK the stock is holding above its 50-day moving average, the big traders or specialist remains positive on the other side showing resistance at 1700. After such a sharp decline, HDFC BANK is likely to find support their is high possibility of a bounce back from the mentioned support levels. On the higher side, Immediate resistance is at 1700 and the next crucial resistances are at 1740 and 1790-1800 levels. The overall structure of the stock seems to be bullish, and buying on dips will be the ideal strategy in this counter. Coming to the levels 1600 will be a good bargain price where short-term traders can enter the stock. The immediate targets for the stock are around 1720 on the higher side L E V E L S:- Resistance-1700,1720,1740 Support-1600
NSE:HDFCBANK
by TheGoldenRatio-6
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.
NSE:HDFCBANK
by TheMamboMomentum
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 IIntelligentinvestor
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