HDFC Bank Limited ADR
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Trade ideas
Hdfc bank chart studyHdfc bank spot at 1720
Weekly time frame
Symmetrical triangle pattern
Horizontal resistance as per previous life high reversal levels,
over here life high levels would play an important role,
going ahead keep watch on daily price action, if not able to break above life high levels and sustain counter can give good retracement, of 5-7-10%
counter have already give good rally from 1460 to 1720 levels around 20%
keep watch, above life high levels if we see consecutive close than the view gets invalid and below that we can play it accordingly
HDFC BANK CHART STUDYHdfc bank spot cmp 1673
Hourly time frame.
Head and shoulder pattern formation,
neckline support around 1669 levels
once counter breaks below 1669 and sustain for 15-20 mins breaks down can be confirmed.
hourly candle closing below 1668 levels would be best scenario.
down side counter can slide to levels of 1616-1600 as per chart pattern theory.
its conditional view, so study will be active only if condition are full filled.
keep watch
HDFC bank 1470 Target hit 1530 resistance 1450, 1390 next TargetOn 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 ascending triangle support levelhuge fall even though the result was good
already it crossed pivot support level S1 and the trendline lower side
but anytime the stock get reversal because the stock has good fundamental.
it is good time to consider the stock.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
hdfcbank longhdfcbank is in weekly demand zone and monthly demand zone,, whci means that big financial instituy\tions were willing to buy the this stock at the current prices.. so that there must be pending buy orders left over in this zone.. there is high possiblitity that price might bounce from here.. mindful of the fact that this is a n aggressive trade .. its only for educational purpose
HDFC BANK : Near strong support area Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Ascending Traingle
📌 Symbol/Asset: HDFC BANK
🔍 Description: Stock has is trading in a pattern from last 3 years.
Now Stock is around the support.
We can see good bounce from 1450-1480 levels if support is sustained
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
HDFC bank next Target 1470 sell recommended at 1700 in big proftOn 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
This is the time to buy on dip HDFC Bank 2000 to 2023- 6000% ROIHDFC BANK
In 2000 HDFC was @25 and same in 2003
👉2000-2003: 0 Return
2009 HDFC Price 115 same in 2009
👉2007-2009: 0 Return
2011 to 2012 @250
👉2011-2012: 0 Return
2013 to 2014 @350
👉2013-2014: 0 Return
2021 to 2023 @1500
👉2021-2023: 0 Return
☝️This is called Consolidation
After Consolidation 👇👇
2003-2007: 300% 🚀
2012-2013: 50% 🚀
2014-2021: 350% 🚀
2000-2021: 6000% 🚀🚀
HDFC Bank on the cusp of a major breakoutToday HDFC Bank will come out with its quarterly results post mkt. The stock is all positioned to rise substantially from here. In my view the mkt will react extremely positively to the results. This also will give phillip to other banking stocks like SBI and ICICI which look very strong and in turn will give a big push to BNF. Choose ur pic for tomorrow coz tomorrow will be the day of the banks.
HDFCBANK HOURLY GANN LEVELS CHART RESULT DAY TRADE 16/01/2024HDFCBANK will announce its results today on 16/01/2024. How to trade it today. Before trading it we need to analysis with our Gann Retracement method to know its vibrations.
Hourly chart show the growth cycle start from 04 Dec 2023 on cross of 3.000 marked on chart at 1579.50. Momentum was to be seen above 1614.55 on chart. We tested this level 3 times on hourly chart giving us ample time to enter this stock. Target was 1649.55 on chart where profit booking was expected as per Gann Rules.
After hitting first target we came for the third time to 1614.55 which was the final chance to enter this stock on 13 Dec 2023 9 am candle. Target of this move was 1672.00 and 1684.60. This target was achieved on 21 Dec 2023 at 15 pm candle. So again profit booking was expected here.
The profit booking was short with small range on downside seen on chart which showed strength of the scrip for further move higher. This move target was 1719.65 after cross of 1684.60 on chart. It was a momentum move where we reached the 50% of the range target advocated by W. D. Gann, God Bless His Soul for giving this single rule which works in all wakes of Life.
From here we can see the reverse move happening on this scrip. Target down was 1672.00 and 1684.60 which was achieved on 04 Jan 9 am candle. 05 Jan 2024 was a last ditch effort by the scrip to move higher but if fell miserably and breached the 1672.00 support earlier after oscillating between 1672.00 and 1684.60 for the last time.
Below this the target was 1649.55 which was achieved three times recently as seen on chart.
We saw a decent bounce to 1672.00 and 1684.60 yeaterday on gap up move of Bank Nifty Index which was contributed by this scrip.
How to trade now is the million dollar question today ???
To trade you need to watch 1672.00 and 1684.60 levels for further clues if they breached on upper side or lower side.
I have explained the move in details. Its your duty to study the scrip and trade as per levels provided here.
Happy Trading !!!
N.B. Not an Trading advice. Use your discretion. With all usual disclaimers aplpicable to this platform's reach.






















