HDFC - Will it take U-Turn ? - Close from 1800 Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers! Can you hear them?...........
Will the Giant Take a U-Turn after achieving all the targets 1555 was the first in the series ....
Possible Reasons for Next Expected Move
Possible Double Top at 1794 ( Will be valid until holds below 1800)
Pattern Thrust from 1630's - Key level
Elliott Wave - Corrective Sequence could be completed from the support zone 1375 - 1390 to 1800 approx highs .or about to end .mentioned in the connecting 1st idea published on 27th Jan 2024 - The Bullish Gartley
Bullish Gartley Idea ( 1375 - 1800..) - 1st Idea of the Series in Jan 2024
Enjoying Target 1 - 1555 in April 2024
Nifty at 26000 - We are almost close to 27600's Target ...Can we achieve the dream run or we correct & later push towards
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Good Night
HDFC Bank Limited ADR
No trades
Trade ideas
HDFC BANK ( Looking goog to invest); small stoploss is enough;For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "1650".
Trade carefully untill ENTRY level.
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Entry: 1655 / 1640
target: 1675- 1700- 1750
sl: 1640 / 1630
major stoploss/ support: 1600
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
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Refer old posted idea attached below.
HDFC Bank will Breakout from 1722-1800 Range??HDFC bank trading in its upper range 1722-1800 which always acted as resistance.
In Weekly charts Cup & Handle Pattern is complete & also given breakout above 1722-1744 levels but as this range always acted as resistance so will wait for any correction or will buy after breakout of 1722-1800 range. Target will be 2222-2333 range. Trade with proper Risk Management & Happy Trading Thank You.
HDFCBANK Support & Resistance support and resistance levels for HDFC Bank (HDFCBANK).
Support Levels:
1. Support Level 1: 1600 INR
2. Support Level 2: 1640.57 INR
Resistance Levels:
1. Resistance Level 1: 1727 INR
2. Resistance Level 2: 1669.98 INR
These levels can be used by traders and investors to analyze potential entry and exit points for HDFC Bank's stock based on market movements. It's important to note that these levels are not guaranteed and may change based on market conditions.
HDFCBANK - Weekly AnalysisIn the Weekly Chart of HDFCBANK ,
we can see that, it has become very Bullish.
1700-1720 has been major resistance for very longer time and now it has given breakout.
Let it retest and then enter with SL and Targets & be ready for very First target of 2000.
Expected momentums are shown in chart.
HDFC BANK WEEKLY BREAKOUTAs per weekly chart set up, HDFC Bank is looking for consolidation channel breakout. The stock was trading in a range from 1300 to 1750 levels wef 2021 to 2024 almost 4 years. The stock has come into uptrend from consolidation. So, one can look for 2100 and 2400 target in next coming weeks.
A Classic Breakout in HDFC BANKA classic breakout has happened in HDFC bank. It was a multiple times resistance near 1700 price range with more than one year time span.
Also, its like CUP AND HANDLE pattern breakout in weekly basis.
Price may reach upto lifetime high and pattern's target.
Price may retest upto Handle's Low below which price is negative on sustaining basis.
Follow and Stay tuned for more content.
Disclaimer: This is an opinion by me for educational purpose only and is not a recommendation :-) :-)
HDFC BANK Swing Long Update- HDFC Bank is currently trading at 1742
- HDFC bank followed my plan exactly the way I had predicted and anticipated it to play out
- HDFC Bank is now approaching a decent supply zone where we can possibly see a reaction from 1764
- HDFC Bank has printed and pulled Indexes too once this starts to cool off market might give a sudden downturn move watch out
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,
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






















