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HDFCBANK - Extended Retracement Phase 📊 HDFC Bank – Daily Chart Update | Extended Retracement Phase Timeframe: 1D Trend Context: Medium-term correction within a broader structure Current Price: ~₹925 🔍 What Changed from Previous Analysis? (Important Update) Earlier, we discussed an ABC correction nearing completion around the ₹960–965 zone. 📉 Price failed to hold that zone, leading to a deeper, extended retracement. Now the structure has evolved into an extended Fibonacci retracement, where buyers may re-emerge, but with higher risk. 📐 Fibonacci-Based Structure (Educational) From the prior swing low → swing high: 113% Retracement: ~₹928 127% Retracement: ~₹916 ➡️ This ₹916–928 zone is now marked as a “Best Buying Try” area, not blind buying. 📘 Extended retracements often invite short-covering + value buying, but confirmation is mandatory. 📌 Key Levels to Watch (Updated) 🟢 Support / Demand Zones Primary Demand: ₹916–928 Major Breakdown Level: ₹857 🔴 Resistance / Recovery Zones First Swing Target: ₹971 (50% retracement) Second Swing Target: ₹999 (78.6% retracement) Major Supply: ₹1,018–1,020 🟢 Bullish Scenario (Conditional Recovery) If price: Holds ₹916–928 Forms a base / reversal structure (daily close improvement, higher low) Then: First bounce toward ₹960–971 Sustained strength can extend toward ₹995–1,000 📈 This would be a relief rally, not trend reversal yet. 🔴 Bearish Scenario (Risk Case) If price: Breaks below ₹916 with daily close Then: Extended correction likely Downside opens toward ₹880 → ₹857 📉 Below ₹916, buyers lose positional control. 🎓 Educational Insights Extended retracements = high reward but high patience trades Buying zones ≠ buying signals Daily timeframe requires confirmation, not anticipation Strong trends correct deeper before resuming 🧠 Options Trading View (Educational Only) 🟢 Near ₹916–928 (Only After Confirmation) Bull Call Spread (ATM + OTM) Put Credit Spread for range-bound recovery 🔴 If ₹916 Breaks Bear Put Spread Call Credit Spread near ₹960–980 ⚠️ Avoid naked option selling in falling markets. ✅ DOs ✔ Wait for daily confirmation ✔ Trade zones, not emotions ✔ Use defined risk strategies ✔ Reduce position size during deep corrections ❌ DON’Ts ❌ Don’t average blindly ❌ Don’t assume every dip is the bottom ❌ Don’t ignore Fibonacci extensions ❌ Don’t overtrade volatility 🧾 Conclusion HDFC Bank is now in an extended corrective phase. The ₹916–928 zone is a potential demand area, but only confirmation will decide whether this becomes a base or a breakdown. 📌 Patience here is more profitable than prediction. ⚠️ Disclaimer This analysis is for educational purposes only. I am not a SEBI registered analyst. Markets are risky, and I may be wrong. Please consult your financial advisor before trading.
NSE:HDFCBANKLong
by LiveTradingBox
HDFCBANK — 1H Technical Analysis Timeframe: 1 Hour Structure: Intermediate ABC correction within a broader uptrend Current Price Zone: ~₹963 Trend Context: Higher-timeframe trend remains positive, short-term corrective phase in progress 🔍 Market Structure & Price Action (Educational View) Price is currently forming an Intermediate corrective ABC structure after facing rejection near the ₹1,018–1,020 resistance band. Wave (a): Sharp impulsive decline from the top Wave (b): Retracement toward resistance, failed to make a new high Wave (c): Ongoing decline, approaching a high-probability demand zone This is a classic corrective pause, not a trend reversal unless key supports fail. 📌 Key Levels to Track Major Resistance: ₹1,018–1,020 Reclaim Level (Trend Continuation): ₹975–980 ABC Completion / Demand Zone: ₹961–965 Critical Invalidation Level: ₹957 Breakdown Support (Risk Zone): ₹916 💡 Corrections often end where institutions previously accumulated — zones matter more than candles. 🟢 Bullish Scenario (Primary Plan) If price holds above ₹961–965 and shows stabilization: Confirmation signals to watch: Bullish engulfing / strong rejection wick Higher low on 15m–1h Volume expansion on green candles Upside Roadmap: ₹975 → ₹990 → ₹1,010 Sustained move above ₹980 opens doors for fresh highs over time 📘 This would confirm ABC completion and resumption of the larger uptrend. 🔴 Bearish Scenario (Risk Case) If price breaks and sustains below ₹957: ABC structure fails Selling pressure may accelerate Downside opens toward ₹930 → ₹916 📉 Below ₹957, probabilities shift from “buy-the-dip” to “protect capital”. 🎓 Educational Takeaways Corrections are healthy pauses, not immediate sell signals Always trade levels + confirmation, not hope Bigger trend remains intact above ₹957 Sideways + choppy price = option sellers’ playground 🧠 Options Trading Strategies (Educational Only) 🟢 Bullish (Support Holds) Strategy 1: Bull Call Spread Buy ATM Call Sell OTM Call (₹980/₹1000 zone) Defined risk, lower theta decay Strategy 2: Cash-secured Put (Aggressive) Sell ₹960 PE only if price stabilizes Suitable for experienced traders 🔴 Bearish (Support Breaks) Strategy 1: Bear Put Spread Buy ₹960 PE Sell ₹920 PE Risk-defined downside play Strategy 2: Call Credit Spread Sell ₹980 CE Buy ₹1020 CE Works best in breakdown + consolidation ⚠️ Avoid naked options near support zones. ✅ DOs ✔ Trade near key levels, not in the middle ✔ Use defined SL (₹957) ✔ Reduce position size during corrections ✔ Wait for price confirmation ❌ DON’Ts ❌ Don’t panic sell near demand zones ❌ Don’t over-leverage options during volatility ❌ Don’t assume every dip is a buying opportunity ❌ Don’t ignore higher-timeframe trend context 🧾 Summary & Conclusion HDFC Bank is undergoing a controlled intermediate correction within a broader bullish structure. The ₹961–965 zone is crucial — holding above this keeps the bullish roadmap intact, while a breakdown below ₹957 increases downside risk. 📌 Patience + confirmation = edge. ⚠️ Disclaimer This analysis is for educational purposes only. I am not a SEBI registered analyst. Markets are risky, and I may be wrong. Please consult your financial advisor before taking any trade.
NSE:HDFCBANKLong
by LiveTradingBox
HDFC BANK : 45-50% upside possible in 1.5 Years. BODHi friends, Targets are mentioned in the self explanatory chart . HDFC Bank is the largest private sector bank having all time high profitability & sells . It has well controlled gross and net NPA compared to its peers . There is a very good probability for the stock to reward its investors with ~50% return . Its a BOD (BUY ON DIPS) as per my analysis . Please feel free to comment or share your views on my analysis . Note : I am not SEBI registered advisor . Please consider my analysis for education purpose only .
NSE:HDFCBANKLong
by yadkr11
Margin Concerns Weigh on HDFC Bank Shares, Down 2.2%◉ HDFC Bank's Quarterly Update HDFC Bank, the largest constituent of the Nifty 50 index, has released its quarterly performance update, highlighting a notable divergence in deposit and loan growth. Specifically, the bank reported a 15.8% year-on-year increase in deposits, significantly outpacing the 3% year-on-year growth in loans. ◉ A Cloud of Uncertainty Experts believe this gap could negatively impact the bank's net interest margin, possibly reducing its net profit. ◉ Investors Take a Step Back This news caused a stir in the market, leading to a 2.2% drop in the share price yesterday (Jan 06). ◉ Technical Observations ● The stock price has fallen below its trendline support and is currently trending downward. ● A minor support is anticipated around ₹1,700. ● If the stock price drops below this level, the next support is projected to be close to ₹1,600.
NSE:HDFCBANK
by GoodluckCapital
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
#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
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
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