HDFC Bank Ltd view for Intraday 19th September #HDFCBANKHDFC Bank Ltd view for Intraday 19th September #HDFCBANK
Buying may witness above 1702
Support area 1685. Below ignoring buying momentum for intraday
Selling may witness below 1685
Resistance area 1700-1702
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
HDB trade ideas
Trading opportunity coming up in HDFC bankThe US feds have cut the interest rate by 0.5% triggering pivot for all major central banks.
How ever RBI's stance will depend on inflation levels in india. Even though rates are slashed in near tern by RBI its impact will be seen only in the coming 6-12 months period. HDFC bank has shot up today breaching Rs. 1700/-. Good time to sell call option or maybe a swing spread
HDFC BankImportant points are marked.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
BANK NIFTY - HDFC BANK \ ICICI BANK \ AXIS BANK - IMPACT US Fed Meeting: Rate Cut Expectations Drive Optimism for Indian Banks
As the US Federal Reserve meeting progresses, market experts are increasingly optimistic about an impending rate cut. This anticipated reduction in interest rates is expected to have a ripple effect across global markets, with India standing to gain significantly. Among the biggest beneficiaries could be the Indian banking sector, particularly major players like HDFC Bank, ICICI Bank, Axis Bank, and State Bank of India (SBI).
Why a US Fed Rate Cut Matters
A rate cut by the US Fed signals a shift towards a more accommodative monetary policy. Lower interest rates typically make borrowing cheaper, which stimulates spending and investment. Additionally, a rate cut tends to weaken the US dollar, making emerging markets, including India, more attractive to foreign investors.
Impact on Indian Banks
Indian banks, especially HDFC Bank, ICICI Bank, Axis Bank, and SBI, are likely to benefit from this scenario. Here’s how:
Increased Foreign Investments: A US Fed rate cut could lead to greater inflows of foreign capital into Indian markets. Lower returns in the US often prompt global investors to seek higher returns in emerging markets like India. This capital inflow would strengthen the financial positions of major Indian banks, especially those with strong fundamentals.
Boost to Lending Activity: Lower global interest rates make it easier for banks to borrow at lower costs, which allows them to lend more at competitive rates. This boosts credit growth, which is particularly beneficial for large private banks such as HDFC Bank and ICICI Bank, which are key players in both retail and corporate lending.
Strengthening the Rupee: A potential rate cut may weaken the US dollar, leading to a stronger rupee. This would reduce the cost of imports and help companies dependent on foreign goods or services, potentially reducing non-performing assets (NPAs) for banks.
Positive Market Sentiment: Banking stocks often respond positively to easing monetary conditions. As investor confidence grows, so will the stock prices of prominent banks. Axis Bank and SBI are likely to see an uptick in investor interest, leading to higher valuations.
Expert Outlook
Experts across the financial sector are bullish on Indian banks, given the US Fed's potential move towards lower interest rates. Key points to note include:
HDFC Bank: Known for its strong balance sheet and market leadership, HDFC Bank is expected to see a significant uptick in both stock prices and lending activity.
ICICI Bank: With a solid performance in both retail and corporate banking, ICICI Bank is expected to benefit from an influx of foreign capital, helping it to expand its loan portfolio further.
Axis Bank: Positioned as a major player in the private banking sector, Axis Bank could see a boost in credit growth and profitability with increased foreign investment.
SBI: As India’s largest public-sector bank, SBI’s exposure to various sectors makes it a prime candidate for benefiting from increased lending and a stronger economic outlook.
Conclusion
As the US Federal Reserve inches closer to a potential rate cut, Indian banks stand to gain immensely from the global monetary shift. With strong fundamentals, these banks are well-positioned to attract foreign investment, boost credit growth, and improve overall profitability. Investors and market watchers should keep an eye on HDFC Bank, ICICI Bank, Axis Bank, and SBI as the rate cut looms, potentially leading to a new wave of optimism for the Indian banking sector.
For further reading and real-time updates, you can explore:
Federal Reserve - News and Announcements
HDFC Bank Financial Reports
ICICI Bank Investor Relations
HDFC Bank looking Bullish👑HDFCBANK👑
HDFC Bank looking Bullish. If 1690 level breaks and Sustains,
We Can See 1730, 1760, 1800, 1850 & 1900targets in Coming Sessions.
hdfc bank
Sent by Copilot:
HDFC Bank’s stock is currently trading at ₹1,649.45 on the NSE1. The stock has a 52-week high of ₹1,794.00 and a 52-week low of ₹1,363.552.
For technical analysis, here are some key levels:
Support: Around ₹1,630
Resistance: Around ₹1,650
HDFC Bank Share Analysis:
Fundamental Analysis:
Market Cap: 1270035 crore
ROE: Slightly higher than ideal, indicating strong profitability.
Advance Growth: Significantly improved from the last quarter, a positive sign.
Liquidity Ratio (Credit to Deposit Ratio): Slightly higher than ideal, suggesting potential liquidity concerns.
CASA Ratio: Decreasing since last year, though not critical for liquidity.
Profitability: The bank remains profitable based on its balance sheet.
FII/DII Holding: Slowly decreasing, a negative factor.
Technical Analysis:
All-Time High: 1794
Consolidation Phase: Currently in the range of 1600-1670.
Future Direction: The stock's next move is uncertain, pending a breakout from the consolidation range.
Overall Assessment:
While HDFC Bank shows strong profitability and improved advance growth, concerns arise from its liquidity ratio and decreasing FII/DII holding. The technical analysis indicates a consolidation phase, making it difficult to predict the immediate direction. Investors should closely monitor these factors and consider their risk tolerance before making investment decisions.
Additional Considerations:
Industry Trends: Analyze the overall banking sector's performance and regulatory environment.
Competitor Analysis: Compare HDFC Bank's performance to its peers.
Economic Indicators: Consider factors like interest rates, GDP growth, and inflation.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions.
HDFC Bank.. can this legend gain momentum???Hello 👋
It's a High weightage Nifty 50 stock
* Stock is in strong hands as FII & DII holds major stake
* Currently stock is in tight range of 1620 - 1670 since few weeks
* Monthly/weekly TF classical double bottom pattern made..( any breakout above the previous high which is 1794 stock can gain good momentum..but for that it should be sustain above 1700 as there is supply zone )
* Looks like volumes are growing slowly as it's in accumulation fase
* Rsi inclined also broken previous swing.. another positive point
* Also there is a gap 1724 - 1685
If this one filled with strong Move .. again it's became a good momentum.
Overall HDFC Bank is trading in narrow range since longer period of time.. it's needed a strong comeback to gaining momentum...
It's my view plz DYOA. No buy or sell recommendation 🙏
Please boost my idea if you find it useful 😉
Thank you.
HDFCBANK // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
HDFC Bank (HDFCBANK) on a 1-hour chart
Support Levels: Around 1637.93 and 1633.211.
Resistance Levels: You might want to look at recent highs for potential resistance points, but specific resistance levels weren’t detailed in the sources.
Trend Analysis: Check if there is a clear trend (upward, downward, or sideways). Short-term trends can provide insights into the stock's immediate direction.
Technical Indicators: Utilize technical indicators such as Moving Averages (e.g., 50-hour or 200-hour MA), Relative Strength Index (RSI), or Bollinger Bands to understand momentum and potential reversal points.
Hdfc Bank 1600 level to testHdfc bank is consolidation in this range for long time now tried few times to go above did not show enough strength to sustain.
Expected levels to test in comming days is 1600 area where it can take support with good demand zone also exists there.
Educational purpose only please do your own analysis on it before taking any call on it.
HDFCBANK // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Technical analysis can help identify potentially favorable conditions for a transaction. It can be used to spot trends in an asset's price over a set period of time.
Here's some other information about HDFC Bank:
Support and resistance
According to Invest tech , HDFC Bank has support at 1600 rupees and resistance at 1727 rupees.
Resistance Levels:
R1: ₹1,670.00
R2: ₹1,690.00
R3: ₹1,710.00
Support Levels:
S1: ₹1,650.00
S2: ₹1,630.00
S3: ₹1,610.00
Hdfc Bank Date 09.09.2024
Hdfc Bank
Timeframe : Day hart
Remarks : Looks like ready for breakout
Formed symmetrical triangle at wave 4 retracement & now closing above the pivot (Fibonacci) above S1. Once breaks out the cloud then next target is upper Fibonacci range.
Keep 60 ema as trend based day to day stoploss or trail method.
Regards,
Ankur
HDFC Life Insurance view for Intraday 9th September #HDFCLIFEHDFC Life Insurance view for Intraday 9th September #HDFCLIFE
Buying may witness above 745
Support area 732. Below ignoring buying momentum for intraday
Selling may witness below 732
Resistance area 745Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
HDFC Bank Swing Long Setup- HDFC is currently trading at 1636
- HDFC is setting up and trying to build a base on a 4h TF
- HDFC is setting up a fair range for buyers and sellers according to this base that's what it signifies
- HDFC can take out Sell Side Liquidity before moving up to trap breakout buyers and fomo longs
- Manage risk total risk on this setup is 2% so just manage risk and look to shave 3-4% minimum
HDFCBANK // Levels // 30 Min"Welcome to SkyTradingZone "
Hello Everyone 👋
As of September 6, 2024, HDFC Bank's (HDFCBANK.NS) support and resistance levels are ₹1641.87 and ₹1649.77. If the price crosses the support level, it could indicate a bearish movement, while crossing the resistance level could indicate a bullish movement.
Support and resistance levels are specific price points on a chart where buying or selling is expected to be the highest. The support price is a price where buyers are expected to be more than sellers, while the resistance price is a price where sellers are expected to be more than buyers.
HDFCBANK 30 Min Levels (S/R)# we mark Support and Resistance on the charts so you can check..
Support Levels: Look for recent price points where the stock has repeatedly bounced upwards. These are points where the price tends to find buying interest and does not fall further.
Resistance Levels: Look for recent price points where the stock has reached and then turned downward. These are points where selling pressure tends to overcome buying interest.
1. Stock Exchanges
BSE (Bombay Stock Exchange): HDFC Bank is listed on the BSE under the ticker symbol HDFCBANK.
NSE (National Stock Exchange): It is also listed on the NSE with the same ticker symbol HDFCBANK.
2. Stock Information
Stock Symbol: HDFCBANK
ISIN Code: INE040A01034 (for dematerialized shares)
Industry: Banking and Financial Services
HDFCBANK 4h levels (S/R)# we mark Support and Resistance on the charts so you can check..
When analyzing HDFC Bank on a 4-hour (4H) chart, you’re examining price movements over 4-hour intervals, which is useful for short- to medium-term trading and trend analysis. Here’s how you might interpret 4-hour levels and key aspects to look for:
1. Support and Resistance Levels
Support Levels: These are price points where HDFC Bank’s stock has historically had difficulty falling below. Look for previous lows or areas where buying pressure has emerged.
Resistance Levels: These are price points where the stock has had trouble moving above. Look for previous highs or areas where selling pressure has been significant.