HDFC BANK Levels // 2 HoursHello Everyone 👋
Overview:
HDFC Bank is one of India’s leading private sector banks.
It provides a wide range of banking and financial services, including retail banking, corporate banking, and treasury operations.
The bank was founded in 1994 and is headquartered in Mumbai, India.
Branches and ATMs:
You can find HDFC Bank branches and ATMs across India. Here are a few locations in New Delhi:
Connaught Place: 2nd Floor, 44 Regal Building, Connaught Place, New Delhi - 110001.
Barakhamba Road: Ground Floor, DCM Building, IOH Block, Barakhamba Road, New Delhi - 110001.
Gole Market: No. 6, No. 104 Baird Road, Block 90, Gole Market, New Delhi - 110001.
Connaught Circus: H-69, Outer Circle, Connaught Circus, New Delhi - 110001.
Kasturba Gandhi Marg: 209 to 214 & 26, Kailash Building, Kasturba Gandhi Marg, New Delhi - 110001.
Janpath: 72, Ved Mansion, Janpath, New Delhi - 110001.
Bengali Market: Shop No. 43 to 46, Plot No. 1, Ground Floor, Block No. 205/C, Bengali Market, New Delhi - 110001.
HDB trade ideas
HDFCBANK Levels For Intraday or swing TradingChart Overview:
Current Price: ₹6,735.851.
Recent Performance:
1 day: -0.20%
5 days: +0.53%
1 month: +1.98%
6 months: +16.73%
Year to date: -4.06%
1 year: +4.82%
5 years: +45.74%
Support and Resistance Levels:
Pivot Points:
Resistance 1 (R1): ₹6,650.37
Resistance 2 (R2): ₹6,684.38
Resistance 3 (R3): ₹6,712.77
Pivot Point: ₹6,621.98
Support 1 (S1): ₹6,587.97
Support 2 (S2): ₹6,559.58
Support 3 (S3): ₹6,525.57
Fibonacci Pivot Points:
R1: ₹6,645.82
R2: ₹6,660.55
R3: ₹6,675.28
HDFCBank - Inventory Analysis using Market Profile - 14 Aug 2024Hope you all are well and HDFCBank is showing signs of inventory accumulated around 1600. In this video i am sharing my process, how i use TradingView's inbuild TPO - Market Profile and Volume Profile indicators to understand the inventory development and how smart money is accumulating their positions in this stock.
1600 is the line in sand and there are less transactions happening below 1600 - Question you should ask is why?
Price is nicely chopping in a 1 month range of 30 points
Below 1600 is where i am looking for responsive buying
Target 1 is 1650, followed by 1700 and the gap fill above 1700, and looking to acquire positions till 1500 in this stock.
This is a long term stock where Market Profile is helping me to understand how positions are being created based on the transactions that are happening.
Disclaimer : Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, do not forget to hit like and follow me, and please do share your thoughts in below comment box, as your response will help me strengthen my market understanding.
Thank you.
HDFC Bank 1D Price Action BehaviorHDFC Bank chart, on 1 Day timeframe, shows a healthy uptrend with periods of consolidation and correction. The repeated base formations and subsequent upward moves suggest that the stock has strong support levels, and the resistance zone around 1650-1673 INR will be a key area to watch for determining the next direction of the trend.
The price is currently within the resistance zone, indicating a critical level where the traders might be watching for either a breakout or a reversal. If the stock breaks through this resistance, it could indicate a continuation of the uptrend. If not, it may consolidate or retrace to the support zone.
HDFC BANK Elliot wave based predictionsAs per Elliott WAVE theory if the HDFC bank is running impulsive WAVE 3 and then it is yet to form wave (v) of wave 3. For that it need to move higher than recent high of 1681 and as there is trendline resistance around 1687 so most likely HDFC bank will face lots of resistance in the range of 181-1700 and will come down a little bit in the form of WAVE ABC - impulsive WAVE 4. Post that if starts to create impulsive WAVE 5 then it will target LTH of 1760 and possibly can break it too, There it might again face lots of resistance and then can move to correction phase of WAVE ABC but as long as it remains above 1680 after completion of Elliot wave correction phase then it might restart a new Elliott WAVE but that we can only see post current Elliott wave is finished.
Long Term View :
If said happens then consider retracing back to 1680-1700 level from 1760+ area is retesting and post that HDFC bank can enter to long run for a longer time. But it if fails to hold the levels then it might come down 1 more time towards 1400 range.
* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade at your own risk.
** The waves must be seen on 1/2 minute chart which I can use to publish - minimum 15 min chart is allowed.
HDFCBANK 1 hour Levels for swing Traders #Option's Certainly! Here are the intraday trading levels for the HDFCBANK :
Intraday Trading Levels:
For intraday trading in HDFCBANK , consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Elliot Wave based entry and target in HDFC BankElliot Wave based entry and target in HDFC BankElliot Wave based entry and target in HDFC BankElliot Wave based entry and target in HDFC BankElliot Wave based entry and target in HDFC BankElliot Wave based entry and target in HDFC BankElliot Wave based entry and target in HDFC Bank
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HDFC Bank Ltd - Breakout OpportunityDate : 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 retracement NSE:HDFCBANK was going through accumulation phase and in last few sessions has given indication of starting a participation phase.
• On 26-Jul-2024, NSE:HDFCBANK has broke out from its secondary down trend with high volume.
• On 1-Aug-2024, NSE:HDFCBANK has closed above 21 DEMA and 20 DMA. Currently NSE:HDFCBANK is trading above 21 DEMA, 20 DMA and 50 DMA.
• RSI has entered buy zone on 1-Aug-2024 and currently trading at 58.16.
• MACD has given bullish cross over on 2-Aug-2024 and is trading at 1.09.
• Looking good to start a new swing from here.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.