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 !
HDFC Bank Limited ADR
No trades
Trade ideas
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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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!
HDFC Bank LtdMajor points of HDFC Bank.
Disclaimer: Only for eductaion purpose, do own research before investing in stock market.
Trading in the range and looks bulishThe HDFC banking stock looks quite strong and with little push it can reach Last month high.
The overall chart of HDFC bank is on an upward trend.
The points are marked on the chart.
HDFC Bank Looks BearishAs per Technical Analysis and OI data HDFCBANK Looks bearish if its break support of 1668-1665 level then we can see 1640,1620 level.
if anyone is ready to Take Position then i have identified 2 Entry Level in this.
1) Hedge Position.
Buy HDFCBANK Aug 1700 CE Near 34-35 and sell HDFCBANK Future below 1688, Stop loss 1705, target 1670,60,55
Investment Required - 48000
Maximum Loss - 6800
Profit Upto - 13000
2) Option call
Buy HDFCBANK 1650 PE near 17, SL 13, target 25,27,30
Investment - 9400
Maximum Loss - 2200
Profit Upto - 7150
HDFCBANK is at it’s LTHNSE:HDFCBANK sustains this level or shows a small retracement then it can show 1750 soon. And there is no limit on upside now.
HDFCBANK consolidating in a rangeNSE:HDFCBANK is consolidating in a range for sometime. Good for it. Getting ready for 1725 again.
HDFCBANK - Weekly AnalysisIn the Weekly Chart of HDFCBANK ,
we can see that, it has multiple rejections at 1720 levels.
Much of selling not coming in HDFCBANK .
Expected momentums are shown in chart.
HDFC Bank is extremely Bullish with Cup and HandleActually HDFC Bank results impact is yet to be seen in HDFC Bank share. very beautiful Cup and handle pattern in tact and waiting for huge spikes and higher targets.
