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Hdfclong

Is HDFC Bank aiming to hit 2200+ in the coming months?Reason for going long on HDFC: Ichimoku: HDFC stock has been sideways for years but is slowly turning bullish after hitting strong Ichimoku cloud support at 1350. It is now crossing the Tenkan-sen (TS) and Kijun-sen (KS) on the monthly chart. Fibonacci + Fib Channel: When we draw the Fibonacci channel and Fibonacci extension of swings, it looks like HDFC is set to hit 2200 in the coming months. Buy on Dip: The current market price (CMP) is 1604. Any good dip near 1450-1520 presents a great buying opportunity for the long term. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:HDFCBANKLong
by WaveMoku
1
HDFC: Welcome the Third Wave RallyFrom the bottom of Mar'20 of 1473 stock has rallied to 3000 odd levels in an impulsive manner which can be counted as clean impulse pattern of five distinct waves. This impulsive rise can be designated as our primary wave-1. After placing a high of 3021 in Nov'21 stock has undergone into a complex correction WXY in the primary wave-2 which was concluded in Jun'22 at the price level of 2026. Subsequently prices have bounced back and started rallying again in an impulsive manner. This rise can be assumed that stock is continuing its trend in a third wave rally. Maintaining the key level at 2026 one should remain bullish for long term investment and look for the usual third wave target of 4045 which is the Fibonacci 161.8% extension level. Investment Strategy: Buy in the zone of 2580-2630 and maintaining SL of 2026, look for the target of 4045 and later 5140.
HLong
by TradingSutra
HDFC: Inverse H&S BreakoutInverse Head and Shoulders This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head. The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above. The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline. TRADING STRATEGY: Buy near 2450 zone with SL of 2230 and look for the target of 2650/2800-2850 zone.
HLong
by TradingSutra
3
HDFC WAVE STRUCTURE ( INVESTMENT PICK )HDFC is looking good for investment purpose as per waves analysis. First price should give breakout above current 0-X Trendline. Wave structure says everything, Let price say something aligned with it, then its confirmed Investment pick. Overall structure can be unfold as below Unfolded waves structure let price breakout this line Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
HLong
by RK_Chaarts
📊 #HDFC Swing Trade Opportunity 🎯NSE:HDFC 📌It can Reverse From CMP As Well, but if activate pattern then that would be good for healthy up move. 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
HLong
by linesandlevels