HDB trade ideas
R@bbit hole forming for HDFC Bank!!So, TBH I am heavily invested in HDFC bank and looking at the chart status it seems that we might hit the 2022s very soon!
I am myself not selling, but might acquire more at 2022 low levels.
Lets hope that my understanding is wrong, otherwise this would be catastrophic.
HDFC Bank -Buying Opportunity - LongHDFC Bank Ltd Buy: 1388 to 1342
Stop Loss: 1276.70
Target 1: 1537.45
Target 2: 1682.30
Trade and Invest Wisely with your knowledge! Good Luck!
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advice or any recommendations on stock/Forex/Coin buying or selling.
Please do your research and consult with your financial advisor before taking any action.
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HDFC MIGHT TAKE A FAST U TURNHDFC BANK might take a possible u turn for swing or positional trades
After a huge fall HDFC bank sustaining at an imp level.
But this might be a risky trade or will turn out to be a best one once takes a u turn we will be from the beginning of the rally..
So lets keep this simple with a small STOPLOSS and bigger targets
ENTRY - 1410
STOPLOSS - 1395-1400 (BUFFER AS PER THE MOMENT)
TARGETS - 1440, 1450, 1480, 1500++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
HDFC Bank update
Please read the notes on the chart and act accordingly.
Disclaimer:
I am not a registered analyst with any of the national or international regulatory authority. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses. This is only for educational purposes.
Let you grow. May! I follow you.
HDFC : Key Buying Signals RevealedHDFC seems to have established a support zone around 1370 since November 20th. Whenever the market reaches this level, there tends to be an uptrend. My strategy is to consider buying when it reaches this level, as it could be a good opportunity for accumulation. If it breaks the support at 1290, I'll consider buying there as well.
HDFC bank if break 1445 , then buy on dip double bottom On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
EXPECTED IMPORTANT DIRECTIONAL LEVELS FOR THE YEAR 2024NSE:HDFCBANK NSE:BANKNIFTY
Hey Folks..!
I have marked all the important directional level for this year.
All the levels have the description, Bullish movements is expected in bullish range and Downside is expected in the bearish range.
Use the levels either Standalone or Club these levels with your existing trading style & strategy it will surely give you an edge.
Rules are simple , Short trades can work well in the Red / Bearish ranges whereas Long trades can work well in the Bullish ranges.
Also, i have changed the colour combination of the chart along with the candle colour now green candle are white and red candles are black.
All the best Folks!
HDFC Bank short term view On the basis of Pirce Action and Support and Resistance , hdfc bank is near the strong support zone from which it can gives a up move if the 1400 level is sustain and can move till 1550 and then break that resistance and move till 1720 and so .
But if it breaks the level of 1400 then i can probably goes till 1200.
HDFC Bank - Weekly chart
in the weekly chart HDFC Bank is trading above 200 SMA, so patience is required for just two days till the closure of this week; and if price closes above it, nothing to worry for the next week. Upwards movement will begin then and a solid movement will begin from 18th February 2024. Till then, please wait.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
HDFC Bank - Update
Today is RBI Repo policy day supposed to start at 10. Such events create unnecessary hype in the minds of retailers. We do not have to get tempted because of that. Remember only one thing that big fish require liquidity means a lot of shares at lowest possible price and then take price up to be sold again at higher prices. There are three phases as per Wycoff. (1) Accumulation - Trend and Distribution. HDFC is at accumulation stage. Here from, real upward movement has to start. Save your money have patience, a lot of money is going to accrue in the time to come. New rally is just at the beginning in many stocks.
Now, Drawn is a line at 1419.25 at the low of 25th January 2024. Today, we have to wait and check that this is not broken and if broken regained again after retracement then only buy for upwards movement.
I will keep you posted during market hours.
Just on the technical aspect HDFC Bank is trading above 200 SMA in Weekly Time Frame.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.