HDB trade ideas
Hdfc Bank Previous resistance is now new support hello dear traders
hdfc bank daily
1500 is previous resistance for hdfc bank
in aug 2022 to nov 2022
look like for now its turn in to a support
mkt take support many time at this 1500
so we can take long position at around between 1460 to 1500
with the stop loss of 1420
for the target of 1700
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Hdfc Bank Giant iS Ready To Move BiGHi Friends, Sharing weekly chart of Hdfc bank, as we can see that price sharing a support spot where both parallel channel and rising trendline adjoined, So two things can happen from here that price can break channel and rising trendline supports after we can see a downfall towards support below Or we can see a support bounce from here. I am sharing weekly chart one can use smaller timeframe for tracking this idea.
Levels Can Arrive Again-
Support Break- I measured channel height in which it consolidate is 9%, so we can see a 9% downside after support break coincidentally a horizontal support is also very well placed there. Good spot to cover short positions.
Support Bounce- After support bounce we can see again a 9% upmove from here and can reach again to the channel height and resistance sharing same spot. Good spot to unwind longs.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
HDFC BANKAn Ascending Triangle in formation. Multiple attempts to break above @1715 were unsuccessful. With broader market in a bullish mode and interest shown in large cap stocks, I expect a breakout for an initial target of 2200.
The vertical distance from the ascending line to the breakout level is added to the breakout level for a target of 2200.
HDFC BANK on the move HDFC Bank as per my analysis in previous post started moving you can expect target of 1950 or 2000 . it will come down a little bit you can buy on dips wait for moving average cross over of blue line crosses from below the red line you can expect spectacular move in a long RUN.
Important Weekly Intraday levels .NSE:HDFCBANK
Hello Folks ..!
I've marked all the expected important levels for the week.
I have marked these levels in two ways, one Horizontal and other in the form of trend channel.
Again, levels are too simple to understand, unless there is a major Gap up or down beyond these levels occur these levels will hopefully help you with your existing trading strategy and experience.
I will try to keep these levels up to date so keep an eye on this.
All the best Folks ! Hope you have a Profitable week.
HDFCBANK : Booked a profit of 5.13% on the invested capitalThe price has reached crucial inflection levels, and concurrent with Bank Nifty also being at levels where sellers may opt to book profits, I made the decision to secure gains and transition to cash positions. I have booked a profit of approximately 5.13% on the invested capital. While I acknowledge the potential for a move of about 6% to the channel highs, I am comfortable adhering to my instincts.
I am open to a potential re-entry if the price retraces to the lower end of the channel. For additional context, please refer to the previous posts related to this position attached below.
HDFC BANK - Long until 1646 is broken
Put a stop loss at 1640 and stay long. 150 and then 300 points of upward movement is possible.
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.
HDFCBANK | Investment Pick📊 DETAILS
Sector: Bank - Private
Mkt Cap: 1,145,858 cr
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector. HDFC Bank is a publicly held banking company, the bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. It is engaged in providing a range of banking and financial services including retail banking, wholesale banking and treasury operations. It is promoted by HDFC Ltd. which has 19.32% stake as on September 30, 2020. Currently, HDFC Bank Ltd. (HBL) is the largest private sector bank in India.
TTM PE : 21.03 (Average PE)
Sector PE : 23.70
Beta : 1.12
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
14.10% away from 52 week high
Underperformer - HDFC Bank down by -2.04% v/s NIFTY 50 down by -0.29% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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🔍 More Analysis & Trade Setups 🔍
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Possible Cup & Handle pattern in HDFC BankHDFC bank share price has formed possible cup and handle pattern. If price decisively breaks above 1700-1710 levels with good volumes then it can cross all time high and go beyond ATH @1757 levels. Price has started trading above 0.62 fib retracement @1643 odd levels of its previous down move. Wait & watch on your list for price breaking out above 1700-1710 levels.
Targets should be 1838-1900.
#Largecaps #HRITIK stocks Over last few weeks, there had been too many posts on SM which were shared about some of the large cap names which have provided zero return over last "x" many months.
That intrigued me to understand the concept of timewise correction.
The composite chart of major large cap of Nifty or as they say HRITIK (+few others) stocks suggest that they have gone through similar timewise correction cycle of of almost 26 weeks where they had provided zero return in back in 2015 to 2017 and from there on the did rallied significantly about 40-50% before showing any sign of major price correction.
The current pattern from 2021 to 2023 is also very similar to what happened back then, and the current weekly closing suggest a big breakout on weekly charts, Will these stock show similar move as they did back in past is only time can tell us but as they say history always repeats itself and also as someone said " Elephants, large caps, take their own time.
And, when they move, only astonishment is left .", So may be time is right for them to start leading the Indian Market
The composite chart contain below stocks in it.
HDFCBANK
RELIANCE
ICICIBANK
TCS
INFY
KOTAKBANK
ITC
AXISBANK
SBIN
HDFC Bank (What Next)
Please read the analysis on Daily Chart of HDFC Bank. William's R% is also showing over bought situation.
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.