HDFC BANK, GUNNING FOR GROWTH!!!BUY - HDFC BANK
CMP - Rs. 1643
Target - 1: Rs. 1913
Target - 2: Rs. 2192
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Technicals - Ascending Triangle
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This is just a view by an expert analyst, please invest at your own risk.
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HDB trade ideas
hdfc at crutial level watch and waittrend line brekout
hdfc bank at support adn its holding now wait and watch , which ever way the trend goes go with the trend
HDFC Bank: A Good Stock for the Long TermHDFC Bank is the largest private sector bank in India and is expected to report strong earnings tomorrow. The stock is currently trading at a premium to its fair value, but it is still a good stock to own for the long term.
Here are some of the reasons why HDFC Bank is a good stock to own for the long term:
Strong financials: HDFC Bank has strong financials with a high capital adequacy ratio and low non-performing assets.
Good growth prospects: HDFC Bank is well-positioned to benefit from the growth of the Indian economy.
Dividend yield: HDFC Bank has a good dividend yield, which provides investors with a steady income stream.
Here are some of the risks to consider before investing in HDFC Bank:
High valuation: HDFC Bank is currently trading at a premium to its fair value.
Regulatory risks: The Indian banking sector is facing some regulatory risks, which could impact HDFC Bank's performance.
Interest rate risks: HDFC Bank is exposed to interest rate risks, which could impact its profitability.
Overall, HDFC Bank is a good stock for the long term. However, investors should be aware of the risks before investing in the stock.
Trading Strategy
The following is a trading strategy for HDFC Bank:
Entry: Buy the stock at 1640.25.
Stoploss: Sell the stock if it falls below 1610.40.
Target 1: Sell the stock if it reaches 1670.10.
Target 2: Sell the stock if it reaches 1703.
This is just a suggestion and you should always do your own research before making any trading decisions.
Potential Ascending triangle upside breakout in the makingHDFC Bank chart parting is suggesting a ascending triangle formation. Since price is forming higher lows after every rejection from same resistance, the probability of an upside breakout is increasing.
HDFC Bank Two possibilities if it shows rejection at supply zone then it will come down to demand zone
HDFCbank Getting Ready for 1680 Levels ?HDFC bank has created inverse H&S in 15 Mins TF .
Breakout has already happened if retests and gives buy should go toward 1680
Keep an eye on
HDFC bank on the verge of a breakout !!The chart speaks for it self. keep holding, its in a continuation pattern, might give an explosive breakout to 2000 levels. keep adding more here. Cheers !
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 04 AUG 202304 Aug 2023
WORLD MARKETS
1. World markets are looking bearish an dtrading in red.
INDIA VIX AND GIFTT NIFTY
1. India VIX is above 11 indicating high volatility and fear.
2. GIFT nifty is flat as of 2000 Hrs.
INDEX HEAVY WEIGHTS
1. HDFC Bank has resisitance at 1640. Any break of 1640 will take us to 1643. Strong support can be seen at 1620.
2. ICICI Bank is bearish. 971 is a strong resistance. Support can be seen at 958.
3. Reliance has strong resistance at 2488.Break of 2460 is very bearish.
ANALYSIS
1. World markets are looking bearish.
2. India VIX is above 11 indicating fear.
3. Index heavy weights are also looking bearish indicating more downside in indices.
TRADING PLAN
1.NIFTY OPEN FLAT: Any rally to 19450 is a sell . However if nifty settle between 19350 - 19400, then no trade.
2.NIFTY OPEN GAP UP: Any gap up to 19450 and weakening is a sell for a tgt of 19350 - 19300.
3. NIFTY OPEN GAP DOWN: Any gap down below 19300 is bearish for a tgt of 19245.
4. BANK NIFTY OPEN FLAT: Any rally to 44750 and weakening below 44700 is a sell for a tgt of 44300.
5. BANK NIFTY GAP UP: Any gap up above 44900 is bullish.
6. BANK NIFTY GAP DOWN: Any gap down to 44300 and break below 44050 is a sell for a tgt of 43765.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
HDFC SHOULD REBOUND HDFC has taken a crucial support at 1628 level and can given good returns it does not breaks the support
HDFC BANK (D) Currently Nifty, Banknifty and Major stocks are trading near to its demand zone.
Buy on Dips
SL 1625
For education purpose
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Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
what is option ?
Options are a type of derivative product that allow investors to speculate on or hedge against the volatility of an underlying stock. Options are divided into call options, which allow buyers to profit if the price of the stock increases, and put options, in which the buyer profits if the price of the stock declines.
RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai laken wo Backup bhi ready kr rhe hai take 2023 kese wjh se krab bhi jaye to economy
pe zada Farak na pade..
HDFC bankTime frame - 3 month chart
HDFC bank following the channel from more than 20 years.
Right now near the bottom of channel
Also 1710-1720 resistance zone.
Not able to break this zone in 3 attempts.
HDFC BANK Next target 1625As per the DAY CHART OF HDFC Bank and two Red candle under day chart, next level to be watched is around 1625 to 1630 before any Retracement or bounce in the stock
HDFCBANK seems running towards 1630 levelsNSE:HDFCBANK does not look good to me. It has broken a good level and now running towards 1630.
Selling in HDFCBANKBearish wolf way in progress
it may get support 1620 and below that 1550-1530
View negated above 1705
HDFC bank to take longHDFC is to take long above 1688 for the next target of 1730-1750 with a small SL 1660. Good risk to reward trade. This is for your educational purpose only.
HDFCBANK 1780 Targets coming in next 5-8 daysHDFCBANK 1780 Targets coming in next 5-8 days.
HDFC Hourly Chart shows Bullish pattern with 4% upside in next 5/8 days time frame.
Expecting Gap up opening on Wednesday 26th July & uptrend to continue.
LTP - 1696
SL - 1675
Targets - 1780
Timeframe - 5-8 Days.
Happy Investing.
HDFC Bank Looks Promising HDFC Bank is yet to perform compared to NIFTY in the last 3 years.
Fundamentals aren't yet reflected in the stock price. Revenue, Profits have grown multifold in the last 3 years.
Good Stock of Price going up in coming quarters.
HDFC Bank near to BOUpper levels have be tested many times and the consolidation on the top levels awaits a BO with good volumes .
Closing above the resistance or traingular BO can give good moves
HDFC Bank - on its next strong waveHDFC Bank is preparing itself for a major breakout of previous failed breakout of resistance. Near term target of 1774 (CMP 1681) in 15 days (5.5% gain) and 2089 (24% gain) by 20 Jun 2023. The recent results were decent. Institutions are accumulating at around 1600 levels to ride the next big wave which is underway with increasing momentum and high volumes. Single ticks volume data suggesting that banks are accumulating big long positions in stock. Its a tactics to spread rumours in market that the results are bad, if you deep dive into financials, its better than expected. Expenses of new branches loaded, which are negative contribution earners in first year, and yet the EPS estimates are almost flat. Impressive! without those preliminary expenses, the profits would have been higher. Further, merger of HDFC and Bank would create a very strong mammoth offering synergies of scale, economies of scale and cross selling resulting into a stronger and more valuable entity.
Positive outlook is confirmed by detailed Elliott Wave Analysis, Technical Indicators and Fundamentals.
It might look contrarion approach, but I am bullish on the counter!
