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Hdfcbankidea

HDFC Bank cmp 1766.30 by Weekly Chart viewHDFC Bank cmp 1766.30 by Weekly Chart view - Weekly Support at 1705 > 1622 > 1550 with the Resistance only at ATH 1794 - Stock seems trying to sustain above trading price range 1270 to 1735 since September 2024 by breakout attempts - Stock attempted New ATH 1788 on 26-Sept-2024 yet again failed to sustain and broke down within trading range - Stock attempted the New ATH 1794 in the 1st week of July 2024 but again failed to sustain and price broke down - Stock attempted to cross ATH 1757.50 in the 1st week of July 2023 and failed to sustain, came back in price range - Stock was trading within the price range 1270 to 1735 mostly since November 2020 with some breakout attempts seen
NSE:HDFCBANK
by PIYUSHCHAVDA
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 vicky252
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 Mambotrade
HDFC Bank forming flag and pole pattern.HDFC Bank has been halting on the higher levels and is consolidating in a 3% range. The stock has been forming a flag and pole pattern on weekly time frame. The stock has closed near the resistance zone and is trading above the 20 DMA. Banknifty has been forming new highs and HDFC has the high percentage in the index. Trade can be carried in this stock for either side. Bullish Target :- 1710 Bearish Target :- 1540 Stop loss should be less than 5-7 points. Wait for the price to crosses and close outside the consolidation zone i.e. 1592-1638. Swing, intraday and positional trade can be carried in this stock.
NSE:HDFCBANK
by Mambotrade
HDFC BANKWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:HDFCBANKLong
by Rvkachhadiya
HDFC Bank Swing trade !HDFC Bank has made a double bottom on weekly time-frame, and has also given a break-out. The stock is taking support from 200EMA of daily time-frame, you can go long once you see a good bullish candle on 1D time-frame. It could be a long-term swing trade (Positional Trade). Suggested targets 1480Rs, 1511Rs. You can also make this as an investment opportunity because it is almost 15%-16% down from its 52Week High time high. :warning: Place Stop-loss logically // Trade with your own risk // Trail your stop-loss once it reaches 50% of the target/
NSE:HDFCBANKLong
by Rehan_sharif
Simple Trade Setup | HDFCBANK | 23-05-2022 [INTRADAY]NSE:HDFCBANK Observations: 1) On 15min Time frame, we can see it gave breakout of resistance trendline. Please refer below chart : 15min time frame. Also we can see that range of 1330-1335 will be a neutral range if price is trading above it then it will be provide support and if price is below it then it will work as resistance. Please refer below chart : 15min time frame. ------------------------------------- Trade Setup for 23-05-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HDFCBANK
by Trading_hawk