Trading HDFC Bank’s Descending TriangleThe descending triangle pattern in HDFC Bank shows a strong horizontal support at 1710 and a descending resistance around 1740-1750.
Bearish Trade Setup
Entry: Sell if the price breaks below 1710 with high volume.
Profit Target: 1690 (20 points below support).
Stop Loss: 1740-1750 (above recent highs).
Bullish Trade Setup
Entry: Buy if the price breaks above 1740-1750 with strong volume.
Profit Target: 1770 (20 points above resistance).
Stop Loss: 1710 (below recent lows).
Wait for a confirmed breakout with volume to validate the trade direction. This descending triangle leans bearish, but a breakout above resistance could indicate a bullish reversal. This approach balances risk and reward by following the pattern's typical breakout behavior.
Disclaimer: This analysis is for educational purposes only and should not be considered financial or investment advice. I am not a registered financial advisor or broker. Trading stocks and other financial instruments involves risk, and you should consult with a certified financial professional before making any investment decisions. Always conduct your own research and consider your risk tolerance before engaging in any trades.
HDB trade ideas
HDFCBANK Long Base BO [Weekly]HDFCBANK is finally showing a pattern I like to see in a tough market that too. Its in range of <8% from 50 DMA as well so in case it turns, we can keep that as SL level.
Did come in the momentum basket screener last week as well. Among the Pvt sector Banks, ICICI and HDFC are the ones holding in overall market volatility.
My guess is HDFCBANK might give good returns if this support is sustained and Nifty improvement kicks in.
Its the cycle, when Index recovers, some new scrips take the lead and money flows there.
Long Trade---HDFC farming Cup & handle in daily TimeframeLong trade - Below are the confirmation points
1. Monthly & Weekly : MACD = Buy
2. Daily : RSI and Stochastic = Strong buy
3. Volume = Average
4. EMA = Positive Crossover
5. Chart pattern = Cup & handle
6. FIB = N/a
7. Divergence = Bullish Divergence
If the Cup & handle Breaks out then it will give most consistent returns. Keep watching...
Please do share and Subscribe to my Trading view Account for more Updates.
Classical Cup & Handle Breakout in HDFC BANKHDFC Bank Ltd shows a classic cup and handle pattern on the weekly timeframe, suggesting a bullish continuation signal.
Here’s a technical analysis:
Cup and Handle Pattern: The chart displays a well-formed cup and handle pattern, which is a bullish technical formation. This pattern often precedes an upward breakout and is considered a strong bullish signal.
Resistance Levels: The stock has broken out above key resistance levels drawn at around ₹1,760–₹1,780, confirming the pattern. This breakout suggests potential upside movement with increased buying interest.
Volume: There is a significant increase in volume during the breakout, which validates the strength of the breakout. High volume on a breakout indicates strong investor confidence in the upward move.
Target Projection: The target projection based on the depth of the cup is approximately 20% above the breakout level, aligning with the level marked around ₹2,100.
Stop Loss: A suggested stop-loss level is placed just below the handle’s low (around ₹1600) to manage risk in case of a pullback.
Moving Averages: The stock is trading above key moving averages, which reinforces the bullish trend and confirms upward momentum.
Database Option Trading #TradingviewOption chain data is the complete picture pertaining to option strikes of a particular stock or index in a single frame. In the Option chain frame, the strike price is at the centre and all data pertaining to calls and puts on the same strike are presented next to each other.
HDFC BANK next move as per PriceActionOn Monday Earnings & Revenue report came out and it opens gap up above it's strong resistance level which is now good and strong support and now from last 3 sessions its trying to breach its other resistance zone of 1743.10 to 1748.15 in the last session it striked again to this zone but unable to break it and closes at 1736.20 s for the the upcoming sessions we've to watch the behaviour of price at resistance zone if it succesfully breach this zone then we've to go long till next zone of 1780-1788 and should place our SL below the zone of 1748.15-1743.10, wait for the price stablization and look for continuation candlestick pattern or after breaking of zone it's better to enter on pullback.
HDFC Bank: Ready for Liftoff or Just a Little Too Caffeinated? 🚀 HDFCBank : Ready for Liftoff or Just a Little Too Caffeinated? ☕️
HDFC Bank is currently chilling at 1,738, but don't be fooled by its calm demeanor. It’s like that one friend who says, “I’ll just have one coffee” and then ends up bouncing off the walls.
In this case, HDFC is eyeing some pretty ambitious levels — 1,957 and, if the caffeine really kicks in, maybe even 2,257! 😲
Now, before you start ordering party hats for the 2,000+ celebration, let's keep our feet (and stop-losses) on the ground. HDFC might look like it’s ready for a moonshot, but it could just as easily decide to hit the snooze button and take a detour back to reality. 🌙🛌
But hey, for those brave enough to hold on for the ride, keep your seatbelts fastened and your espresso shots ready — this could be a wild one. 🚀
If HDFC can hit 1,957, I’ll personally send a "thank you" note to my broker. And if it hits 2,257, I might even upgrade from instant coffee to the fancy stuff. After all, we deserve a treat for believing in this banking giant’s caffeine-fueled ambitions! ☕💸
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
HDFCBank retesting the range- Best Buying zone in.tradingview.com
Daily timeframe tells us it brokeout from the range and moved all the way to previous high/sell zone/liquidity. It is retesting back to the breakout area which also has order block (11th sep candle).
From Price action, breakout is usually followed by retest confirming the bullish trend by forming new higher low.
If it reverses from the from this zone/yellow line then it is most likely to form a new higher high.
Caution: The selling momentum in the last week has been strong and hence, substantial buying pressure from institutions is needed to halt and reverse the direction. If the momentum continues and breaks the bottom of the range, then the range will act as resistance and bearish change of charaacter will be established.
HDFC as said yesterday 1625-1620 Target there is no buy signal Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
HDFC Bank looks promising on the daily chart
#HDFCBANK
HDFC Bank looks promising on the daily chart, with
a potential breakout and retest scenario unfolding.
The overall structure is bullish, and the price
range of 1,670 - 1,640 presents a strong buying
opportunity. For both positional traders and long-
term investors, HDFC Bank is a screaming buy.
Don't miss out on this stock.