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Hdfcbanklong

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 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
21st Dec ’23 - BankNifty leads from the front, stance is NEUTRALBankNifty Analysis I initially thought the wolf in the sheep’s costume was NiftyIT today spoiling the fun of the Bears. The real culprit was BankNifty - the way it defended its turf today was more than amazing. Even though we had a lower opening, HDFCBANK was staying strong at one end. You know pretty well that HDFCBK alone can drive up/down the index as its weight on the index is manipulatively sizeable. 4mts chart link - click here Just like a Tug-of-War, HDFCBK was at the rear end acting as the anchor. It bolted itself to the ground and ensured BN was not slipping. Somehow it worked. The first thing BN did was to retest the lower end of the ascending channel i.e. between 10.07 to 10.55. Once it broke out - it retested the same line from a support perspective i.e. b/w 13.55 to 14.11. The 2nd test was rejected which gave it massive momentum to break free (upside). The next stop was right at the top end of the channel i.e. b/w 14.47 to 15.19. You might have to see the encircled portion in the chart to know what I am referring to. 63mts chart link - click here Can you believe - All the candles today were GREEN. We started at the lower end of the channel and ended at the top boundary stopped only by the bell. Today’s price action almost nullified yesterday’s move and seeing the way BN fought back, I wish to change my stance to neutral for tomorrow. Will go bearish once 47400 gives away and will go bullish if the ATM is taken out. The options premium did not have any excesses today indicating that a big move may not be expected - will update you via TV minds if I see something interesting tomorrow.
NSE:BANKNIFTY
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
HDFC Bank: A Good Stock for the Long TermHDFC Bank is the largest private sector bank in India and is expected to report strong earnings tomorrow. The stock is currently trading at a premium to its fair value, but it is still a good stock to own for the long term. Here are some of the reasons why HDFC Bank is a good stock to own for the long term: Strong financials: HDFC Bank has strong financials with a high capital adequacy ratio and low non-performing assets. Good growth prospects: HDFC Bank is well-positioned to benefit from the growth of the Indian economy. Dividend yield: HDFC Bank has a good dividend yield, which provides investors with a steady income stream. Here are some of the risks to consider before investing in HDFC Bank: High valuation: HDFC Bank is currently trading at a premium to its fair value. Regulatory risks: The Indian banking sector is facing some regulatory risks, which could impact HDFC Bank's performance. Interest rate risks: HDFC Bank is exposed to interest rate risks, which could impact its profitability. Overall, HDFC Bank is a good stock for the long term. However, investors should be aware of the risks before investing in the stock. Trading Strategy The following is a trading strategy for HDFC Bank: Entry: Buy the stock at 1640.25. Stoploss: Sell the stock if it falls below 1610.40. Target 1: Sell the stock if it reaches 1670.10. Target 2: Sell the stock if it reaches 1703. This is just a suggestion and you should always do your own research before making any trading decisions.
NSE:HDFCBANKLong
by EntryandExit
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