Corrective Phase to Begin for HDFC BankOn hourly chart HDFC Bank has completed impulsive phase, its corrective phase is to begin, we can expect the target of ~1650
Divergence on RSI is also visible
HDB/N trade ideas
HDFCBANK - Weekly AnalysisIn the Weekly Chart of HDFCBANK ,
we can see that; after the failure of Cup & Handle, it has now reached the same level.
It might respect it once again and retest it next week.
Let it retest and then enter with SL and Target.
Expected momentum is shown in chart.
HDFC Bank: Black Swan Pattern & Trendline SupportIn this analysis, we will delve into the chart of HDFC Bank on a daily time frame and examine key indicators and patterns to provide insights into the stock's current situation. Notably, we will explore the presence of a potential black swan harmonic pattern, trendline support, RSI trendline support, and the stock's current RSI reading.
Black Swan Harmonic Pattern:
The black swan harmonic pattern (in red color) is a specific pattern based on Fibonacci ratios that traders use to identify potential price reversals or trend continuations. It is important to clarify that the term "black swan" in this context refers to the name of the harmonic pattern and is not related to the concept of unforeseen events. The black swan harmonic pattern is characterized by specific Fibonacci retracement and extension levels and can indicate potential turning points in the price of a security. There is a presence of Gartley in blue color.
Trendline Support:
On the chart of HDFC Bank, we observe a robust trendline support. Trendlines, drawn by connecting significant lows or highs, often act as areas of support or resistance. The presence of reliable trendline support suggests that the stock has historically found buying interest at these levels, potentially providing a cushion against future price declines.
RSI Trendline Support and Reading:
The Relative Strength Index (RSI) is a widely used momentum indicator that measures the speed and change of price movements. In the case of HDFC Bank, the RSI exhibits a supportive trendline, indicating consistent buying interest that helps maintain the stock's momentum. Additionally, with the daily RSI hovering around 41, it suggests that the stock is neither oversold nor overbought, leaving room for potential further price movement.
Trade Setup:
Based on the analysis of the chart and the potential black swan harmonic pattern, a possible trade setup could be as follows:
Entry: 1603
Target 1: 1641
Target 2: 1690
Stop Loss: 1575
Conclusion:
In conclusion, the detailed analysis of HDFC Bank's chart on a daily time frame reveals several notable aspects. The presence of a potential black swan harmonic pattern, combined with trendline support and RSI trendline support, suggests a unique trading opportunity. It is important to clarify that the term "black swan" in this context refers to the name of the harmonic pattern and is not related to unforeseen events. Traders should use this pattern along with other technical and fundamental analysis tools and implement proper risk management strategies to make informed trading decisions.
Hdfc Bank Long WeeklyHdfc Bank Weekly Chart..Forming Perfect Cup n Handle Pattern..Still breakout is pending for upside..Buy expecting it to break on upside in coming weeks ..Once Breakout confirms than the stock can move upto 2000-2100..Portfolio and SIP stocks to add on every Dips....Hdfc bank being the highest weightage in Bank Nifty can pull Bank Nifty more upside from here..Target of Bank Nifty is 50000...Hdfc bank to contribute good in it
HDFCBANK is looking bearishHDFCBANK can be shorted here as it broke the trend line and price is below vwap too. Even, oi suggests same. 1640 ce has 11 lacs contracts and 1640 pe has 6.1 lacs
HDFC BANKENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
HDFC level for tommrow Hdfc is looking week on daily basis
if it goes below then it will go 1630 level
HDFCBANK Trendline Breakout in 15 minsHDFC Bank is expected to go up, as there is chance of trendline breakout in 15 mins. RSI is also hovering above 60. One can look for BUY in near time
HDFC BANK UPSIDE /DOWNSIDE TARGET in comming days/monthHDCF failure HH. and making double top
If sustain above lower trendline it may touched upper trendline & target will be 1840
Note: HDFC bank break out lower trendline & it make comes at 1542-1500 level in comming days/weeks. short time may go for retest of lower trend line than will go for downside.
This is only educational purpose only
HDFC BANK Long entry- PositionalHDFC BANK has taken support at 1600
Levels marked Trend line BO.
Use at your own discretion. Analysis is only for educational purpose
HDFC Bank trendline support & triangle patternHDFC Bank taking support at same trendline from last 1 year & making triangle pattern if give close above 1620 in coming days then can see some move in HDFC BANK.
But HDFC Bank & HDFC merger will be there in next month around 20 July if some negative news comes or selling from funds then HDFC Bank will not move in upward direction at all
HDFC Bank in correction mode, wait for the right moment to shortHDFC Bank has started the correction, we are about to complete the first leg of correction, however what we gonna see next is a sharp X wave towards up and then another leg of correction. I haven't marked all the details on the chart, since I use other charting software where I have marked step by step details on each wave count and how we reached there. For now wait for the wave X to be completed and then let the next leg of correction kicks off, where you will have the opportunity to short. As far as the targets towards downward movement is considered I see first target as 1470 if the wave Y turns out to be traingle, if Wave Y turns out to be Zig-zag then expect further downfall to 1470. Good Luck!
If you are interested in learning Elliott waves contact me at 8wavestosucessatherategmaildotcom. Planning to start my first batch of Technical Analysis using Elliottwaves soon.
Regards
Sachin
HDFC Bank - Weekly Flag PatternBanks looking to have a big breakout and HDFC Bank should lead the way.
HDFCBANK Intraday Analysis: 14-Jun-23HDFCBANK imp zones mentioned on chart and expected direction and reversal points on chart
Buy>1613 SL: 1595
Target : 1623,1640,1675
Buy>1595 SL: 1612
Target : 1580,1560
Wait for Proper Rejection :
@Support : Bullish
@Resistance : Bearish
Any query do comment
*All views for educational purpose only
HDFC bank triangle patternintraday traders:Can plan for intraday
Shortterm traders:Can plan for shortterm trade on side of breakout
HDFC BankIt seems that it is break down from the channel support and there is high probability that BNF will fall more than NF in coming days
HDFC Bank "Ascending triangle" HDFC Bank is forming an ascending triangle for the past year. Soon will reach to new high in 1 or 2 months. If you see last few months volume is increasing and bull players are more aggressive. Fundamental also good and there is no negative news about banking sector.
Target 1--1800
Target 2--2000
Please consult your financial advisor before investing in the stock.
Research/analyse and invest.
HDFCBANK intraday 1640 Possible on 15 mins chartHDFCBANK can move to 1640 in 2-3 days
LTP 1614
SL 1604
Targets 1640+
Timeframe 2-3 days
HDFCBANK INTRADAY ANALYSIS 05-JUN-23HDFCBANK imp zones mentioned on chart
Buy > 1610 SL: 1595, Target: 1627,1640,1670
Sell <1590 SL 1605 Target : 1575,1565
Wait for Proper Rejection :
@Support : Bullish
@Resistance : Bearish
Any query do comment
*All views for educational purpose only
HDFC 1D TFHere's the chart analysis of HDFC BANK on 4H TF. Please take trade according to the Global cues and Markets sentiment.
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