HDFC BankAfter huge fall in the HDFC Bank....
Here, is the updated chart for the same and it has taken the support at the trendline ....
What's your view? Can it Hold the further fall and rise from there?
HDB/N trade ideas
HDFC Buying opportunity at support zone marked on chart .This could be last fall before starting its next rally. Good to buy at support level marked.
Watch for positive signs of candle sticks printing at support for taking trade .
HDFC Bank - Support Zones BuyGood Opportunity for buying at the levels
Stock entering good demand zone from 1503-1456 - should invest 20% here.
Taking Support at 1420 Invest 40%
Taking Support at 1371 Invest 40%
Target 1655-1721
Green Arrows are places where it might take support and bounce.
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% 🚀🚀
HDFCBANK NSE INDIANSE:HDFCBANK
Support Levels are shown clearly . It is doesn't comes back run for cover
Fundamentally Private financials are pricey in India compared to Global counterparts( may be growth reasons )
HDFC Bank AnalysisHDFC Bank: Though HDFC might have come down after the result. It might have been bad result in a long time but still it isn't negative. NII is at 28%. So, don't expect the market to go down. I expect market to rebound after the initial shock. So be +ve and don't be surprised.
HDFC BANK RESULT TARDEits in channel and at higher level of trendline and today is result also so as per result it will react and banknifty move is also majorly depend on hdfc bank reult
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.
HDFC Bank needs to join the Party with ICICI BankOnce HDFC Bank gives a Bullish 15 min Breakout from Previous Week's High, it can cause a Huge Rally on the upside and combined with ICICI Bank, will propel Bank Nifty to new All Time Highs.
HDFC BANK, Rounding TopHDFCBANK shows Rounding pattern indicates bear move in short term, be careful while going long.
HDFC BANK BULLISH VIEWHdfc bank looking is very bullish. we have to invest in cmp . it is farming channel pattern . my first target @1670 and second target@1735 we have to maintain stop loss@1490 ( sl is closing candle daily basses)
HDFCBANK showing weaknessNSE:HDFCBANK
HDFCBANK showing weakness and is in downtrend, and approaching near Demand zone, which is hurdle for banknifty to move up side smoothly... Lets see
LONG TRADE IN HDFC BANKHello everyone, based on trend, fib and market structure, HDFC bank could be a potential buy as per above tool placed in graph.
HDFC bank will fall till 1632 sell recommended near 1700On 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
Investment Idea - HDFC Bank CMP 1632Investment Idea -
HDFC Bank cmp 1632
Estimated mortgage mix to rise to 33% by FY26
Estimated CAGR 22% in net earnings FY24-26
25% Upside Potential in Short term.
HDFC View in 30 minFrom last couple of day it's follow a down trend in 30 min timeframe. and now it create a double bottom with good volume and we can see MAX VOLUME is in 1674.05 .
After break trend line with good volume the level of 1690 we can se a good move from 1690-1705 or 1720.
After 1690 level break as expected we can see a bullish divergency at MACD . (as expected just tell this advance )
1704 is a resistance 1
1720.90 is resistance 2
support 1: 1674
Support 2: 1668
HDFC bank, as said today morning profit comes from 1700 , we getOn 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 sel near 1695-1700 SL 1730 Target 1665, 1630On 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 buy for hdfc bank from 1702 level looking good for 1 wave upside
1.for 1715
2 for 1728
with stop loss 1689
HDFC bank - What next ?Today, HDFC Bank is down by more than 4% due to some news of target reduction.
As HDFC Bank is a market mover, a big fall in HDFC bank can trigger a correction in broader Indian markets, especially banking sectors.
However, news based moves are mostly a trap for retail investors.
Weekly TF analysis of HDFC bank shows formation of ascending triangle pattern since 2020. The immediate support below the trendline for HDFC bank is 1520 which can be best buy levels.
Lets wait and watch what is unfolding in HDFC bank.
HDFC Analysis for 2nd January 2024HDFC follow a trendline as per I draw.
Nearest strong Support at :1696
If tomorrow price break the trend line then your buying entry will be available after price settle up 1705.
Next Support area 1684.55
MACD and RSI is indicate bearish for intraday.
In a day timeframe Log term HDFC is bullish . If you are an investor then you can buy on dip.
