Date : 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...
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...
NSE:HDFCBANK can short hdfc bank till fresh support level and wait for it to be broken for further fall, best to book at fresh support and re enter short position once it gets retested as resistance , target can be last tested support area, avoid short if current resistance is broken.
Important Trendline Breached & Gap has been filled today, Volume wise I can see strength,
Important day for tomorrow. I Will wait for the follow-up candle Then then take action...
Volume & OI is important as always...
HDFC Bank Given Good Move Today.
Formed Head and Shoulders Pattern and Given breakout of Narrow Range of 7 sessions.
Expecting 1556 to 1600 levels in this month.
We 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 📉
This Stock Broke out from a Downtrending Trendline Zone after testing four times with a strong green candle.
Bias - Long
Target - 1566, 1688
SL - 1429
RR- 1 : 2.5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult...
Description : HDFC Bank at lower levels following support area and a trendline zone as well.
Support Area : Support at 1420-1450
Resistance Area : Resistance at 1550-1575 if broke above it then 1675-1700 Zone to watch for.
Along With Nifty Banknifty Is Not Falling Just Because Of HDFC Bank But Tomorrow We Can See 20-25 Points Downside Movement In HDFC Bank Also Which Trigger In BAnknifty Along With Nifty
HDFCBANK trading in Pennant Pattern signaling sideways action for 10-01-21. Avoid trading HDFCBANK until it breaks the Pattern. If price breaks above the pattern then we can see 1575 and 1600 levels, break below of the pattern can take price to 1500.
As per daily chart of HDFC Bank, it looks good for intraday above 1485 with stop loss of 1461. Those who are looking for long term investment, they can buy HDFC Bank with closing basis stop loss of 1412. HDFC bank has given break out in the daily time frame.
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...
🔴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...
![HDFCBANK: Simple Trade Setup | HDFCBANK | 29-12-2021 [INTRADAY]](https://s3.tradingview.com/y/yXrslIr4_mid.png "Simple Trade Setup | HDFCBANK | 29-12-2021 [INTRADAY]")
