Range-Bound Between Key Supply & Demand Zones🏦 HDFC Bank Ltd – Range-Bound Between Key Supply & Demand Zones 📊
Timeframe: 15-Minute | Exchange: NSE | Date: May 6, 2025
CMP: 1,929.00
🔴 Retested Supply Zone: 1949.60 - 1958.40
This zone previously acted as resistance after a sharp fall.
Price revisited the zone but was rejected, indicating potential selling pressure.
A breakout above this level could trigger bullish continuation.
🟢 Possible Demand Zone: 1898 - 1891.80
Price rebounded from this zone earlier, showing possible accumulation by buyers.
Not confirmed yet with multiple tests, but worth watching for potential support.
Breakdown below this may open the door to further downside.
📌 Current Price Action
HDFC Bank is currently consolidating between these two zones.
No clear trend yet; price is oscillating sideways.
Volume is decreasing, indicating lack of momentum in either direction.
📈 Levels to Watch
Breakout Zone: 1,959+
Breakdown Zone: 1,890-
🔍 Observational Bias
Bearish Bias: If price revisits 1949.60 - 1958.40 zone and shows rejection, potential short setups may emerge.
Bullish Bias: If price retests 1898 - 1891.80 with bullish confirmation, long trades may be considered.
Hdfcbanklevels
Falling Wedge Breakout with Bullish Structure | 15-Min Chart🏦 HDFC BANK LTD – Falling Wedge Breakout with Bullish Structure | 15-Min Chart
📅 Date: April 25, 2025
📈 Timeframe: 15-Minute
🔍 Stock: HDFC Bank Ltd (NSE)
📌 Technical Overview:
HDFC Bank is showing signs of a potential bullish reversal on the 15-minute chart, forming a falling wedge pattern, which is typically known for reversal setups. Price action suggests a breakout from the wedge structure, with strong volume support.
🧩 Chart Pattern:
A clear Falling Wedge is identified using two converging trendlines (red).
Within the wedge, price completed a potential AB=CD harmonic structure, bottoming out near ₹1,891.
The breakout candle has closed above the upper trendline, signaling early strength.
🔍 Key Price Levels:
Support Zone: ₹1,891.80 (marked in red)
Immediate Resistance: ₹1,933.00 (green horizontal line)
CMP: ₹1,917.70
A sustained move above ₹1,933 may open room for further upside, potentially towards the ₹1,960–₹1,980 range as per the chart projection.
📊 Volume Analysis:
Noticeable pickup in green volume bars on the breakout candle.
This confirms growing interest and participation from the bulls.
🧠 Observational Bias:
As long as the price holds above ₹1,891 and sustains the breakout, the short-term trend appears to be tilting in favor of buyers. A retracement or retest of the wedge breakout zone may offer additional confirmation.
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.
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.
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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.
Simple Trade Setup | HDFCBANK | 13-04-2022 [INTRADAY]NSE:HDFCBANK
Trade Setup for 13-04-2022
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.
HDFC BANK Analysis April 2022We see perfectly an indecision candle on daily time frame
In 15 min candle we can clearly see double top formation at "1524.60"
We can see there are 2 gaps pending & that has to fill sooner so we are ready for long trade.
Buy Activate when price taken out @1535 & keep on pyramiding until it refill 1602.
HDFC bank gives a break out.HDFC bank has finally given a break out and moved today.
It might be a good signal for the markets as this heavy weight has given a break out. Totally a positive sentiment for the markets.
The stock has closed above its 20 & 200 ema on different time frame.
Hdfcbank may give good opportunity for intraday and swing trades,
Support :- 1456, 1415-6.
Resistance :- 1472-74, 1490.
Wait for the price action near the levels for confirmation.
HDFC bank simple candlestick patternHdfc bank on a daily timeframe has formed a bullish engulfing pattern with volume confirmation.
It is the basic candlestick pattern with shows the reversal in trend.
Support:- 1300(round number)
resistance:- 1327, 1357
The pattern is bullish.
Trade only when the price sustains above 1327.
Simple Trade Setup | HDFCBANK | 02-02-2022 [INTRADAY]NSE:HDFCBANK
Observations:
1) On 15min time frame, we can see it has been rejecting from the resistance channel and also it is having immediate resistance at 1500 level. Breakout of it can give easy 20 points up move and can also give another 20 points till 1540 level.
Please refer below chart : 15 min Time Frame.
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Trade Setup for 02-02-2022
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.
Simple Trade Setup | HDFCBANK | 29-12-2021 [INTRADAY]NSE:HDFCBANK
Observations:
1) On 1 day time frame, it closed just above 10DMA and still trading below 200DMA.
Please refer below chart : 1 day Time Frame.
2) Also on daily time frame, it made doji candle.
If it trades above today's high then it will be quick buy trade.
And if it trades below today's low then it will be quick short.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 29-12-2021
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.
Simple Trade Setup | HDFC BANK | 23-11-2021 [ INTRADAY]NSE:HDFCBANK
Observations:
1) On 1day time frame, it closes below 200DMA.
But it has tendency to trade very less period of time below 200DMA.
Will it be a fake breakdown or it will jump from here tomorrow?
200DMA is placed at 1521.29.
Please refer below chart : 1 day Time Frame.
2) On 1 day time frame we can see level 1550 is major breakout level.
1500 is immediate support and immediate resistance is at 1525 level.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 23-11-2021
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.