HDFC Bank - Very Bullish above 1526
Last Low and levels for 9th October have been marked on the chart itself. 1526 is a very crucial level for HDFC marked by sky blue horizontal line. Please mark 2:01 P.M. candle on 9th October and it is going to dictate the future. Sell below and further levels together with Buy above and further levels have been mentioned on the chart itself. Previous ideas on HDFC Bank are linked for your better understanding. Please adhere to proper price and time levels.
I am not a SEBI Registered Analyst. This is only for educational purposes. Please consult your financial advisor before making any decision.
HDB trade ideas
HDFC Bank Update
Levels of HDFC Bank have been marked on 1H Chart. Please mark high and low of the candle of at the time mentioned in the chart itself. It was mentioned in my earlier discussion also. Buy only when that is broken upside. 1506 is yesterday's low by mistake mentioned as close in the chart.
HDFC Bank - Final supportHello Investors,
All these two years HDFC bank share had tough time for investors. Now I did a monthly time frame analysis with the trend line and horizontal price engagement area meeting the trend line.
Hope this could be the final swing to come low for HDFC bank.
What are the support levels ?
1505, 1500, 1498, 1480
From any of these price point it will bounce and will have a pleasant rally, why ? FII buying in HDFC Bank has increased from the june quarter and the DII as well showing interest.
Thanks
HDFC Bank at Demand ZoneHDFC Bank at demand zone watch this areas 1530 to1500 price action any positive price action zoom into lower time frame to get early entry here i have posted daily chart if held here can long this stock to 1550,1575 and 1600 evels again .
1500 Below price voilates long invalid .
HDFC Bank - Total buying in todays candle 7.72M so far
HDFC Bank looks to have gone graves. But, preparing for huge pull back. It seems the bulls have got the control and now recovery may come soon.
Will attach 1H Chart as well.
But, dont be in hurry at all. Let the levels come after 4th and remember the time of candle I share in the last post. Adhere to proper price and time. I am sure of your success.
Levels to watch:
Todays low 1523.7
Sell below and levels 1504.2452 1484.9154 1465.7106 1446.6308
Buy above and levels 1528.58 1533.47 1543.28 1562.98 1582.81 1602.76
HDFC Bank - A pictorial view - Live Market
Dear Followers:
Lets understand the concept of market which is applicable every where.
1. The so called, smart money or the big players require liquidity; means when retailers or small investors have the majority of stock with them i.e. (stock is overbought) prices will be brought down and when opposite happens, i.e. (stock is oversold) prices are taken up.
2. How would we (the retailer know that it is oversold/overbought)? Through RSI or Williams R%. How, they have to be set properly, we will discuss in some other chart.
3. I think (out of my experience) apart from these two others are only lagging indicators and have not to be used at all.
4. We check only price on the graph and that too the horizontal view and not the circular aspect of the relationship between time and price. (I would take up this with also with some other chart.
5. Price action we all use but probably no one knows the meaning of price action. It is not only checking only high and lows but to match horizontal and circular, vertical supports and resistances.
I am presenting here the basic glimpse of how the circular and horizontal resistances and supports work with the help of 1 H Chart of HDFC Bank. All the high and lows have also been marked with red and blue diamonds respectively.
We will discuss all these aspects in detail in charts to be discussed in future; one by one. Till then keep track of the timings, date and prices mentioned by me in all the charts and adhere to that.
Thank you
HDFC Bank Daily chart analysis || Long term BuyHDFC and Reliance are charting distinct paths compared to the broader Indian market, exerting a direct influence on the Nifty and Sensex indices. The recent drop of almost 10% from their all-time highs, coupled with the breach of key support levels, raises significant concerns for these indices.
The absence of immediate support levels suggests that the upcoming month could witness heightened volatility and increased difficulty for stocks in identifying robust support zones for a rebound. For those considering long-term investment, the present moment presents an opportune time to buy, as the downside risk is limited to less than 5%
HDFC Bank - Wait till 29th September
HDFC Bank is still bearish. As per my previous coverage, will have to wait :
1. Levels to be formed on 29th September 2023. (Not likely to go below 1510).
2. Whatever low is made on 29th September 2023 has to be watched.
3. On 2nd October we have a holiday.
From 4th it is likely to be bullish. Don't be in hurry at all.
4. Meanwhile candles to be watched. (These are the candles likely to reverse the trend existing then).
(a) 10/1/23 11:07 AM
(b) 10/4/23 9:59 AM
Please adhere to the time and price levels mentioned here and trade in consonance with other indicators.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision.
Breakout expected.Its 4 th wave pull back over which was a complex correction.
It is likely to take out 3 rd wave high which is at 1708
and move higher.
Due to tech weightage adjustment in FTSE. expected inflows of $650 million in to hdfc bank.
The chart is in weekly time frame.
Do ike this post if it helps you.
follow me to get updates.
Please go through my previous posts