HDFC Bank LtdHope all are good. Important points marked for HDFC Bank. Currently HDFC is downward trend and seeing a gap in the chart. Strong stock good time to acquire more stocks, it will go down to marked points and will reverse.
If you are planning to hold for long collect in all dips.
Current issues are not a problem for HDFC Bank.
Disclaimer: Only for education purposes do own research before investing in equity market.
HDFC Bank Limited ADR
No trades
Trade ideas
HDFCBANK - Near Important Support ZoneNSE:HDFCBANK offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side.
Positives:
Company with high TTM EPS Growth
Good quarterly growth in the recent results
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Increasing Revenue every Quarter for the past 4 Quarters
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Annual Net Profits improving for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Negatives:
MFs decreased their shareholding last quarter
Decline in Net Profit with falling Profit Margin (QoQ)
Declining profits every quarter for the past 2 quarters
Weak Momentum: Price below Short, Medium and Long Term Averages
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
HDFC Bank Simple Price Action AnalysisNSE:HDFCBANK has created a Bearish Diamond Pattern in the Weekly Chart.
Ideally, the Price should go down once the nearest Support Breaks and retracement happens.
But trading in futures and Options is inherently Risky and one should avoid it.
This analysis is for educational purposes only.
Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
Crucial Level - HDFC BANKHi Investors..
Today we seen huge fall in HDFCBANK almost 5%
If you are an opportunist, I think you should not miss the Ganesh Chaturthi offer where we are getting flat discount on India's largest bank share price.
Important Levels
CMP 1563
Support1 - 1540
Support2 - 1480
Upside Level - Again 5-10%
% of Deliverable Quantity to Traded Quantity 77%
HDFC Bank - Short below 1661
HDFC is bearish below 1961, Let the hourly candle close below this and then sell. Buy again whenever it retraces back above 1603.75. Both the levels have been marked by white horizontal lines on the chart.
Please refer to my previous coverage on HDFC Bank. Link provided.
This is just for educational purposes. I am not a SEBI Registered Analyst. Consult your financial advisor before making any decision.
Better to book profit now and accumulate in the range 1611to1581The price is in the monthly supply zone 1668.45 to 1651.2. The priced has moved up beyond Fib Extension 2.618 (Please see the wave marking on the chart and plot Fib extension from 5.3-5.4/1-5.5/2). Better to book profit now and accumulate in the range 1611to1581; This is Fib retracement between 0.7 to 0.786 (Considering yesterday's top 1670 to the low of 25-Aug-23, 1558.4)
HDFC BANK institutional buying zone HDFC bank has been in this range since about 300 days and has always bounced back from
this institutional buying zone where big players accumulate.
It has approached this range again giving a beautiful risk to reward ratio of 1:3 and more.
As seen in the past, on the break of this minor downward trend, the market rallies to the resistance zone hence we should follow the past.
Position Sizing is recommended...
What is position sizing?
It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct.
Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on.
Hence, if one does go long, I personally am buying as close to the zone as possible and then will be adding more as the trendline breaks.
Volume isn't a key indicator here since it has been high in the past as the market approached this zone and still rallied upwards.
Targets marked on the chart.
Keep It Simple
HDFC BANK Positional / Swing Trade / Short-term Trade "Big Idea"Here please refer the chart and under stand the pattern which is showing bounce back from the current levels.
As per chart : HDFC BANK trading in a range of 1550 to 1700 since Nov'22 means from last 10 months this stock trading in a range. We can use the consolidation term for this. stock being sideways from last 10 months.
Big Idea
Always give some to technical analysis and spend time to understand maximum points visible on single chart, and please note points. who much time you spend over chart reading you will found more new things and your view would be more clear.
Now we learn new things:
We are creating a condition:-
I have done technical analysis over chart of HDFC Bank.
and as my view is bullish as well as I'm confident over my analysis. Then what I will do??
Obviously I will buy this stock. But if have insufficient capital to buy 500 shares.
Capital required for buy 550 qty (550 x 1612 (cmp)) = 8,06,000/-
Now I have my analysis so I'll go for buy IMT Option (in the money) ie HDFC 1600 CE CMP = 33
(Cost for Buy 1600 CE would be 33 x 550) = 18,150/- only.
So By trading in options you can take advantage of more qtys.
Disclaimer:
I'm not SEBI certified analysist the information I'hv shared it's just for information and education purpose only. I'm not recommending any buy or sale here. I would be not responsible for any kind of loss or profit.
HDFC BANK LTDHello & welcome to this analysis
India's largest bank has had a dream for around 24 years. This video is an analysis of it post the merger of HDFC LTD with it.
Short term resistance is between 1660-1700 above that 1755 and then medium to long term at 2000-2100-2500. Short term support is between 1620-1600 below that 1550 and then medium to long term at 1400.
It remains in an uptrend overall but with immediate short term resistance.
Happy Investing






















