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
Hdfcbanklongtermview
HDFC Bank will Breakout from 1722-1800 Range??HDFC bank trading in its upper range 1722-1800 which always acted as resistance.
In Weekly charts Cup & Handle Pattern is complete & also given breakout above 1722-1744 levels but as this range always acted as resistance so will wait for any correction or will buy after breakout of 1722-1800 range. Target will be 2222-2333 range. Trade with proper Risk Management & Happy Trading Thank You.
HDFC BANK Swing Long Update- HDFC Bank is currently trading at 1742
- HDFC bank followed my plan exactly the way I had predicted and anticipated it to play out
- HDFC Bank is now approaching a decent supply zone where we can possibly see a reaction from 1764
- HDFC Bank has printed and pulled Indexes too once this starts to cool off market might give a sudden downturn move watch out
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.
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.
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/
HDFCBANK LONGHadfcBank Breakout from long term downline and give strong weekly closing.
Bullish Momentum looks good
Time to invest
Disclaimer/ disclosure
I am does not provide any tips/recommendations/advice
All updates/posts/discussions are only for education and learning purpose.
Do Consult your financial advisor before taking trades or investment decisions
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 - Taking good support🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
HDFC Bank is on the verge of Support LineLook at HDFC Bank Chart, on Friday had taken support from it's trendline and able to close his day above the trendline successfully. But on tomorrow, need to look at that level again because if breakdown will happen then we can see share price trading near by 1400 level.
Hdfc bank analysis - Logic and PlanEXPLANATION : This is a 30 min time frame chart of HDFCBANK . It has been in a consolidate for days and has formed triple top pattern . If give a strong breakdown and broke its Demand zone with high volumes and retest the same , I am bearish on HDFCBANK . If taken support from Demand zone , I am bullish on HDFCBANK . Enter as per your setup .
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Levels for - 11 Oct 2021EXPLANATION : This is a 30 min time frame chart of HDFCBANK . It has formed Triple top pattern breakout & retest , If stock give a breakdown and broke it's trendline support , I am bearish on HDFCBANK . If stock bounce back I am bullish on HDFCBANK .
If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
HDFC Ready To Shoot And Pull Nifty to New HighsHDFC Ready To Shoot And Pull Nifty to New Highs.
Buy - Above 2560
Sl - 2440
Target - 2750 2835 2965
It can be traded in intraday also.
Once we tried to enter but came down immediately.
HDFC BANK1)We can also bet on (29 JUL 2021 1500CE) for 20-50% returns in next week
-------------------------POSITIVES--------------------------
1) More than 2 week consolidation
2) Volumes are not dry
3) Todays action in such a patchy market shows strength, holding bank nifty single handedly
4) If HDFC BANK will go up then Bank Nifty will also go up
5) Volumes are greater than yesterday
6) It's HDFC Bank
-------------------------Negatives------------------------------
1) Call writers on upper band of Bank nifty
--------------------------THANT'S ALL-------------------------