HDFC BANK GANN ANALYSIS HOW TO TRADE IT NOW ON 26 JULY 2024HDFC Bank has taken ressitance at the level of 1771 seen on charts. It started its recovery journey with swing low at 1433 on chart. Actual high and low will differ due to lost motion. momentum seen above 1640.95. Below this cetre of gravity seen at 1537. Moentum level on downside seen at 1433. As per Gann Analysis consolidation seen between 1640.95 and 1433. Any move below 1433 does not auger well for the stock. Momentum buyers can look to buy on cross of 1640.95 level.
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HDB trade ideas
HDFC Bank
"HDFC Bank Analysis:
- **Support Level**: 1625
- **Target**: 2000
Given the current market conditions, HDFC Bank is expected to find strong monthly support around 1625. If this support holds, we could see a potential rise to the target level of 2000. Investors should monitor this stock closely for any signs of momentum!
#StockMarket #HDFCBank #Investing #TechnicalAnalysis"
HDFC BANK NSEDATE - 12th March 2024.
HDFC Bank has breakout today with good amount of candle size and volume too.
Applied Concepts
Chart P. - Inverted H&S
Positive Order Block from Daily Time Frame and Previous OB of Monthly TF as shown in chart.
Only OB is not a good option so here we have applied FVG (Fair Value Gap) also, Price Action has successfully reversed from FVG and gave confirmation for potential upside movement.
Targets
1st Target as per Chart P. is 1555 Rs.
and Further upside Target as per OB and FVG is 1700+.
Thank You!
Have a Good Day.
HDFC BANKresults where not as but come as expected not analyst estimate the predict the values based on financial modelling which has no co relation with trading the current price and levels decide the psychology of buyers and sellers so i think the stock will go up either monday or on budget day so best to take a ce of it on monday at 10 am/ buy positions target is not decide as i think the up trend is for short time.
1670 target can be consider otherwise
HDFC BANK ready to shootHDFC Bank demonstrated its potential last month by regaining its previous high levels. Currently, it is retracing to previous highs, indicating a confirmed buy zone. The buying levels are indicated on the chart. It is anticipated to begin a rally towards the 1900 target from this point. Investments are generally safe when made at the correct buying levels. By buying and holding for 1-2 months, returns of 18-20% are expected.
HDFC bank bought at 1398 booked at 1750 down Target 1570, 1530Disclaimer -
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
BANKING MAJOR COMPLETES RETEST.India's biggest bank finally broke out after months of correction and consolidation. Lot of news and investment expectations boosted the stock for new breakout but a green candle was nowhere to be found for strong close after huge gap ups and hence stock corrected down to its supports. NSE:HDFCBANK is finally ready to continue its upmove after completing its retest.
HDFC BANK: Need to hold the range 1600-1675After sharp selling from YH3 1790 , drawdown of -182 i.e -10.25%, NSE:HDFCBANK need to hold the range 1608-1675 and trade above 1675 for buullish momentum to continue.
Failing to hold 1600-1608 can see intermediate support of 1545/1525 downside. If took support from 1545-25 and trade above 1675 ,will be a better confirmation to continue bullish momentum..
With Union Budget to be presented on July 23 2004 ,it may consolidate in between 1608 and 1675.
Also need a positive Q1 result , that is likely to be announce on July 20-22.
Repeating patterns, Wave Theory, Conclusions I have made efforts in Explaining the Wave Theory how we decoded it
We made efforts in decoding the wave theory in way that suits us always in the winning trades
I have explained part of it here in order to give you an understandable visual pattens
The data what we work as Technical analysis have to be understood in all aspects of market and
economy too
I hope this small video gives you insights of how market makes people to lose their focus and then play the Game
If you have any Questions i will try to answer it
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#HDFCBANK BREAKDOWN 08/07/2024How to trade HDFC Bank Stock after its Fall 05/07/2024
HDFC BANK the stock is holding above its 50-day moving average, the big traders or specialist remains positive on the other side showing resistance at 1700.
After such a sharp decline, HDFC BANK is likely to find support their is high possibility of a bounce back from the mentioned support levels.
On the higher side, Immediate resistance is at 1700 and the next crucial resistances are at 1740 and 1790-1800 levels.
The overall structure of the stock seems to be bullish, and buying on dips will be the ideal strategy in this counter. Coming to the levels 1600 will be a good bargain price where short-term traders can enter the stock. The immediate targets for the stock are around 1720 on the higher side
L E V E L S:-
Resistance-1700,1720,1740
Support-1600
Hdfc Bank Date 05.07.2024
Hdfc Bank
Time frame : Weekly
Remarks: Look at strong resistance band at 1720, which stock is unable to close above since 2021 on weekly time frame. That gives us big hint that close above this zone on weekly time frame is big breakout, obviously with proper risk management.
The internal resistance/support trendline worked beautifully & for future as well extend that to estimated next resistance zone. There's 50% zone marked for incase any retracement till there then we can try btst trade.
Rsi also worked beautifully the breakout + overbought zone confluence helped in strong rejection.
Regards,
Ankur