HDB trade ideas
hourly triangle Bottom line is a fresh buy in HdfcBank Hello dear traders
i am presenting this time
Hdfcbank Hourly chart
there is a falling expended triangle running currently
so expecting in case price comes near the bottom line of the triangle
is a good buy
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in to recent earning posted by at 16-10-2023
HDFC Bank Q2 earnings: Net profit rises 50% to Rs 15,976 crore
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so its a buy between 1460-1480
stop loss below 1420 on hourly closing basis
for the target of upper line of the falling expended triangle
which is currently around 1640
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i am not a Certified registered analysist
this is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade
HDFC Bank - What Next
1. In my previous ideas on the stock, I recommended buy on the stock at 1480 with a target of 1509-21 and the 1560. So, in all 80 points in all for the month of November have been achieved.
2. What next: I could have drawn a harmonic pattern on 30 minutes chart and presented the analysis but, drawn some horizontal and trend lines for every one of us to understand.
3. Detailed analysis with price levels has been provided on the chart it self on the chart divided in three sections viz A, B & C. Price levels have also been provided.
Time Level: Candle of 9:16 a.m. in the last trading day provided resistance. Now, candle for tomorrow is 12:47 p.m. is important. Buy only when price is above high of both of these candles.
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 Looks cool for a multi year bull rallyLong term trend channel of HDFC bank suggest a crucial support levels have been achieved. volumes are found to be heavy in current up move and historically it has been seen such volume growth at trend channel bottom has lead to multi year bull rally with huge returns. Latly, 200 Volume weighted moving average retest is another confirmation of reversal as observed historically. Looks fit for a 4000+ targets.
P.S - Given is only information sharing based on publically available data & is not any buy or sell tip. Please consult your registered financial advisor before making any trade or investment.
HDFC BANK Long Trade.Right Time to Invest in HDFC BANK.
Buying Range : 1615 to 1620
Stop Loss : @1595
Targets : 1650/1680/1725/1775/1840 ++++++
Reasons to Buy:
1: HDFC bank following a channel from past one year, and now again taking support from the channel low i.e. @1615.
So basis idea is that, we will follow the price up to channel high (i.e. @1775-1840).
2: RSI is about to oversold. As observed whenever RSI was found below 35 then the movement was shifted to upside.
3: Good fundamentals
4: Good Risk to Reward ratio.
Thanks
Disclaimer: This idea is only for the Educational purpose. Trade at your own risk.
If you like the idea kindly support.
HDFCBANK 40% upside, don't miss!After Multi-year consolidation and great numbers, chart and technical analysis suggest a good Box upside of 38.5% (490) points after retesting recent high of 1757 with target of 2247 in 9-12 months timeframe. Stock shows good volumes emerging and ready for breakout anyday!
Positional_ HDFC BankKeep track of HDFC Bank, it is nearing its daily support. Good positional trade opportunity. Will let you know the entry price, SL and targets afterwards.
Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes only.
HDFC Bank buy on dip only till recent low not break 1700 Target 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
HDFC Bank - Update
Buy only above white horizontal line drawn with corresponding red Diamond showing High of previous candle. Today's important time candle is 11-22-23 12:32 PM (Set your trading view time to UTC + 5:30)
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
1. Watch out the levels provided on the chart.
2. The pivotal candle for today is 11-21-23 9:56 AM
3. The other candle for today is 11-21-23 2:22 PM
4. Criterial for trading today will be in the order of Yesterday's candle 11-20-23 11:47 AM should provide support. Then price should remain above 11-21-23 9.56 a.m. and finally sell on or before 2:22 PM. 9:56 candle is most important and will decide future trend of the stock.
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
HDFC Bank has crossed major hurdle of 1500. Now the levels to be watched are 1501 and 1503. If remain above this, nothing to worry at all. Major resistance is at 1530. Major support and resistance levels have been drawn on the chart. In between we can have swing trades. Today's pivotal candle is 11-20-23 11:47 AM.
Mark candles of 11-17-23 12:52 PM and 11-20-23 11:47 AM and buy above these only and treat them as resistances, if price remains below these and support if price trades above.
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.