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HDFC BANK LIMITED

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HDB/N trade ideas

Will it rally or succumb.Hdfc bank has much better chart than bank nifty or nifty. In bank nifty after december 22 there are series of overlapping of waves only pointing to corrective waves till now. it is not sure whether correction has ended or not. But in case of hdfc bank the impulsive rise is clearly visible after june 22. It appears third 3rd of wave has been completed and there is expanded flat correction for 4 th of 3 rd wave. This 4th of 3 rd wave seems to be completed.In lower time frame it is visible. But unfortunately we can see there is h&s type of break down at the top whose neck line is already broken.and the target of this break down if matterilizes may result in overlapping of waves here too 1 and 4 of wave 3 of 3rd wave. Not in all h&s shoulder break down hits the target, But it is a major of concern as this bank is a heavy weight componment of bank nifty. Now hdfc bank has major role to play. will it succumb to to the ungoing banking crisis though not in india. We can observe hdfcbank nifty closely to gauge in which direction bank nifty is going to perform. Connect with me by liking my post and follwing me. Pleae go through my recent posts in trading view.
NSE:HDFCBANK
by bijoy2526
HDFC Bank: Is it in a downtrend?Technical Analysis: Note on HDFC Bank chart: 1. Over the past 5 months, HDFC Bank's price has been moving within a certain range. 2. Currently, the price is hovering around its support level, but is trading below its 20-day moving average. While there are several support levels, all of them seem weak at the moment. 3. The 1500 level appears to be a strong support level, as it has high open interest. 4. On the other hand, 1600 is a strong resistance level that is currently holding up well. Traders should keep an eye on these levels, as they could provide important signals for the direction of the stock's movement in the near future.
NSE:HDFCBANK
by DevabratAcharya
Cash flow statement or Three great riversToday we're going to start taking apart the third and final report that the company publishes each quarter and year - it's Cash flow statement. Remember, when we studied the balance sheet , we learned that one of the company's assets is cash in accounts. This is a very important asset because if the company doesn't have money in the account, it can't buy raw materials, pay employees' salaries, etc. What, in general, is a "company" in the eyes of an accountant? These are assets that have been purchased on credit or with equity, for the purpose of earning a net income for its shareholders or investing that income in further growth. That is, the source of cash in a company's account may be profits . But why do I say "may be"? The point is that it's possible to have a situation where profits are positive on the income statement, but there is no money physically in the account. To make sense of this, let's remember the workshop I use in all the examples. Suppose our master sold all of his boots on credit. That is, he was promised payment, but later. He ended up with a receivable in assets and, most interestingly, generated revenue. The accountant will calculate the revenue for these sales, despite the fact that the shop hasn't actually received the money yet. Then the accountant will deduct the expenses from the revenue, and the result will be a profit. But there is zero money in the account. So what should our master do? The orders are coming in, but there is nothing to pay for the raw materials. In such circumstances, while the master is waiting for the repayment of debts from customers, he himself borrows from the bank to top up his current account with money. Now let us make his situation more complicated. Let us assume that the money borrowed he still does not have enough, and the bank does not give more. The only thing left is to sell some of his property, that is, some of his assets. Remember, when we took apart the assets of the workshop , the master had shares in an oil company. This is something he could sell without hurting the production process. Then there is enough money in the checking account to produce boots uninterrupted. Of course, this is a wildly exaggerated example, since more often than not, profits are money, after all, and not the virtual records of an accountant. Nevertheless, I gave this example to make it clear that cash in the account and profit are related, but still different concepts. So what does the cash flow statement show? Let's engage our imagination again. Imagine a lake with three rivers flowing into it on the left and three rivers flowing out on the right. That is, on one side the lake feeds on water, and on the other side it gives it away. So the asset called "cash" on the balance sheet is the lake. And the amount of cash is the amount of water in that lake. Let's now name the three rivers that feed our lake. Let's call the first river the operating cash flow . When we receive the money from product sales, the lake is filled with water from the first river. The second river on the left is called the financial cash flow . This is when we receive financing from outside, or, to put it simply, we borrow. Since this is money received into the company's account, it also fills our lake. The third river let's call investment cash flow . This is the flow of money we get from the sale of the company's non-current assets. In the example with the master, these were assets in the form of oil company stock. Their sale led to the replenishment of our notional money lake. So we have a lake of money, which is filled thanks to three flows: operational, financial, and investment. That sounds great, but our lake is not only getting bigger, but it's also getting smaller through the three outgoing flows. I'll tell you about that in my next post. See you soon!
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NSE:HDFCBANKEducation
by Be_Capy
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