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HDFC BANK LIMITED

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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!
NSE:HDFCBANKLong
by Gjain75
9
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
NSE:HDFCBANKShort
by PrachiMetha
HDFC BANK BREAKOUT ON MONTHLY CHART HDFC Bank has given a breakout on the monthly chart, and there are chances for more upside. This analysis looks at the technical indicators and the broader market conditions to assess the potential for further gains. Analysis: The monthly chart for HDFC Bank shows a clear breakout from a consolidation pattern that has been in place since 2020. The breakout was accompanied by a strong volume spike, which is a bullish sign. The price is now trading above the 200-day moving average, which is another bullish indicator. The broader market conditions are also supportive of further gains for HDFC Bank. The Indian stock market is in a bull market, and the banking sector is one of the leading sectors. HDFC Bank is the largest bank in India, and it is well-positioned to benefit from the growth of the Indian economy. Key Trends: Breakout on monthly chart Strong volume spike Price above 200-day moving average Bullish market conditions Targets: 1725 1800 1900 Risks: The market could correct in the short term. HDFC Bank could report weak earnings. There could be political or regulatory changes that could impact the banking sector. Conclusion: The technical indicators and the broader market conditions are supportive of further gains for HDFC Bank. However, there are some risks that investors should be aware of. Overall, HDFC Bank is a good stock to consider for investors who are looking for exposure to the Indian banking sector.
NSE:HDFCBANKLong
by TRADING-NASA
HDFC Bank - Bullish sentimentsThis is a continuation form the previous HDFC bank trade which have given an exceptional return. Congratulations to all who followed. So here it seems that HDFC Bank is following a channel & is in a continuous upward trend. Given the fundamentals & market scenario it should touch the last month high fairly quickly. Needless to say, there is a possibility of breaking down within the channel, most likely to the lows of last 2 months (either) and then bouncing back to ATH.
NSE:HDFCBANKLong
by Akshay_bansal