Analysis of Moving average stock (15/Nov/2024)Analysis of Moving average stock (15/Nov/2024)
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H1DB34 trade ideas
HDFC Bank On the verge of Breakouthello Everyone HDFC bank about near lifetime high and resistance of trendline good Inverse head and shoulder pattern in making price is above 50 EMA RSI showing strength supported by volume.
HDFC Bank cmp 1766.30 by Weekly Chart viewHDFC Bank cmp 1766.30 by Weekly Chart view
- Weekly Support at 1705 > 1622 > 1550 with the Resistance only at ATH 1794
- Stock seems trying to sustain above trading price range 1270 to 1735 since September 2024 by breakout attempts
- Stock attempted New ATH 1788 on 26-Sept-2024 yet again failed to sustain and broke down within trading range
- Stock attempted the New ATH 1794 in the 1st week of July 2024 but again failed to sustain and price broke down
- Stock attempted to cross ATH 1757.50 in the 1st week of July 2023 and failed to sustain, came back in price range
- Stock was trading within the price range 1270 to 1735 mostly since November 2020 with some breakout attempts seen
HDFC Bank Ltd - Base consolidation setup on a weekly timeframe Amidst the broader market volatility, HDFC Bank among the large cap has formed a flat base consolidation with price nearing breakout zone on a weekly timeframe.
Ideal to keep a close watch on this stock.
The stock price is trading above the 30 weekly moving average.
An up-move could be seen if it breaks out above 1800.
Stop loss at 5-8% is ideal.
Target: Initial target 20-25% for positional trade. Post that, trailing stop loss at higher level.
Note: Not a buy/sell recommendation. Please consult your advisor.
Will HDFC ever succeed in a breakout?Underperforming since 2021. Trying to break out of the consolidation, several attempts were made and failed. Will it succeed this time??
✅Forming inverted Head and Shoulder pattern in DTF
✅Consolidating in a tight range right above 50 DMA.
✅Trading right below ATH.
✅Consolidating with narrow-range candles.
✅Bullish engulfing on 5 Nov.
❗️Underperformer.
❗️Risk of fakeouts.
▶️Market Cap---₹ 13,41,213 Cr.
▶️Current Price---₹ 1,755
▶️Stock P/E19.4
▶️ROCE7.67 %
▶️ROE17.1 %
Watch for a breakout above 1795 for an Entry. Low risk setup. Risk is in the range of 6-8%. Please study the chart and do your research. This is not a buy/sell recommendation.
Technical Analysis Part - 1An RSI divergence occurs when price moves in the opposite direction of the RSI. In other words, a chart might display a change in momentum before a corresponding change in price. A bullish divergence occurs when the RSI displays an oversold reading followed by a higher low that appears with lower lows in the price.
The RSI provides immediate signals for buying and selling, helping you understand whether an asset is overbought or oversold. RSI readings below 30 signal buy opportunities, indicating the asset is undervalued. Conversely, RSI readings above 70 signal sell opportunities, suggesting the asset is overvalued.
Long HDFC BankBreaking range in correcting market.
broke previous days high.
good fundamentals and good future growth
cmp 1759
target 1940
sl 1660
Trading HDFC Bank’s Descending TriangleThe descending triangle pattern in HDFC Bank shows a strong horizontal support at 1710 and a descending resistance around 1740-1750.
Bearish Trade Setup
Entry: Sell if the price breaks below 1710 with high volume.
Profit Target: 1690 (20 points below support).
Stop Loss: 1740-1750 (above recent highs).
Bullish Trade Setup
Entry: Buy if the price breaks above 1740-1750 with strong volume.
Profit Target: 1770 (20 points above resistance).
Stop Loss: 1710 (below recent lows).
Wait for a confirmed breakout with volume to validate the trade direction. This descending triangle leans bearish, but a breakout above resistance could indicate a bullish reversal. This approach balances risk and reward by following the pattern's typical breakout behavior.
Disclaimer: This analysis is for educational purposes only and should not be considered financial or investment advice. I am not a registered financial advisor or broker. Trading stocks and other financial instruments involves risk, and you should consult with a certified financial professional before making any investment decisions. Always conduct your own research and consider your risk tolerance before engaging in any trades.
HDFCBANK Long Base BO [Weekly]HDFCBANK is finally showing a pattern I like to see in a tough market that too. Its in range of <8% from 50 DMA as well so in case it turns, we can keep that as SL level.
Did come in the momentum basket screener last week as well. Among the Pvt sector Banks, ICICI and HDFC are the ones holding in overall market volatility.
My guess is HDFCBANK might give good returns if this support is sustained and Nifty improvement kicks in.
Its the cycle, when Index recovers, some new scrips take the lead and money flows there.
Long Trade---HDFC farming Cup & handle in daily TimeframeLong trade - Below are the confirmation points
1. Monthly & Weekly : MACD = Buy
2. Daily : RSI and Stochastic = Strong buy
3. Volume = Average
4. EMA = Positive Crossover
5. Chart pattern = Cup & handle
6. FIB = N/a
7. Divergence = Bullish Divergence
If the Cup & handle Breaks out then it will give most consistent returns. Keep watching...
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Classical Cup & Handle Breakout in HDFC BANKHDFC Bank Ltd shows a classic cup and handle pattern on the weekly timeframe, suggesting a bullish continuation signal.
Here’s a technical analysis:
Cup and Handle Pattern: The chart displays a well-formed cup and handle pattern, which is a bullish technical formation. This pattern often precedes an upward breakout and is considered a strong bullish signal.
Resistance Levels: The stock has broken out above key resistance levels drawn at around ₹1,760–₹1,780, confirming the pattern. This breakout suggests potential upside movement with increased buying interest.
Volume: There is a significant increase in volume during the breakout, which validates the strength of the breakout. High volume on a breakout indicates strong investor confidence in the upward move.
Target Projection: The target projection based on the depth of the cup is approximately 20% above the breakout level, aligning with the level marked around ₹2,100.
Stop Loss: A suggested stop-loss level is placed just below the handle’s low (around ₹1600) to manage risk in case of a pullback.
Moving Averages: The stock is trading above key moving averages, which reinforces the bullish trend and confirms upward momentum.
Double Rounding Bottom | HDFC BANK1️⃣ News on HDFC Bank
📍IPO Launch: ₹12,500 crore IPO for its subsidiary, HDB Financial Services
📍Profit Growth: 5.3% increase in net profit for the last quarter
📍Stock Surge: HDFC Bank shares have risen nearly 20% in three months
📍Market Position: High market cap and favorable investor sentiment
2️⃣Technical Analysis
⭕️Support around ₹1,500; important for maintaining upward momentum.
⭕️Breakout above ₹1,700 for potential buy signals.
⭕️Moving averages indicate bullish momentum.
⭕️Overbought territory suggests potential short-term corrections.
⚠️Conclusion
Strong fundamentals, including solid revenue growth The merger with HDFC Ltd. enhances its market presence, but it faces some margin pressures. Overall, it’s a good time to buy HDFC Bank stocks for long-term stability and growth, while keeping an eye on potential short-term volatility.
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VIEW ON HDFCBANKGood weekly chart
Even after market correction in this week HDFC Bank has performed well
Stock has given a close above 1724 which was very crucial for weekly basis
target 1820/1940
Stop loss 1675
I am just representing my views
For educational purpose only.
HDFC BANK next move as per PriceActionOn Monday Earnings & Revenue report came out and it opens gap up above it's strong resistance level which is now good and strong support and now from last 3 sessions its trying to breach its other resistance zone of 1743.10 to 1748.15 in the last session it striked again to this zone but unable to break it and closes at 1736.20 s for the the upcoming sessions we've to watch the behaviour of price at resistance zone if it succesfully breach this zone then we've to go long till next zone of 1780-1788 and should place our SL below the zone of 1748.15-1743.10, wait for the price stablization and look for continuation candlestick pattern or after breaking of zone it's better to enter on pullback.
VIEW ON HDFCBANKGood chart structure
If it sustains above 1700 then it can again form a new high
Target 1785/1800/1850
Stop loss 1710
I am just representing my views
For educational purpose only.
HDFC Bank: Ready for Liftoff or Just a Little Too Caffeinated? 🚀 HDFCBank : Ready for Liftoff or Just a Little Too Caffeinated? ☕️
HDFC Bank is currently chilling at 1,738, but don't be fooled by its calm demeanor. It’s like that one friend who says, “I’ll just have one coffee” and then ends up bouncing off the walls.
In this case, HDFC is eyeing some pretty ambitious levels — 1,957 and, if the caffeine really kicks in, maybe even 2,257! 😲
Now, before you start ordering party hats for the 2,000+ celebration, let's keep our feet (and stop-losses) on the ground. HDFC might look like it’s ready for a moonshot, but it could just as easily decide to hit the snooze button and take a detour back to reality. 🌙🛌
But hey, for those brave enough to hold on for the ride, keep your seatbelts fastened and your espresso shots ready — this could be a wild one. 🚀
If HDFC can hit 1,957, I’ll personally send a "thank you" note to my broker. And if it hits 2,257, I might even upgrade from instant coffee to the fancy stuff. After all, we deserve a treat for believing in this banking giant’s caffeine-fueled ambitions! ☕💸
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
HDFC Bank - Bullish view to hold for long termStocks confirms its re-accumulation phase and ready for markup (stage2)
As wyckoff , look at volatility slown in recent rally though not very clean and making High low bt to this how stocks supply get observed...
HDFC BANK seems to be on bull run on 17-10-2024price closed on last session is 1700.50 next minor resistance is 1708.20 if it breaks the level we can see the levels of atleast 1728-30 in todays session.
HDFC Resistance reachedHDFC bank's resistance will be tested at this level of 1688, there are difficulties seen to break it and be a long trade but we need to manage it well, no buying or selling advice on this one just follow up to see how it goes.
Can we plan HDFC bank Sell on rise ?HDFC bank form cup pattern on daily frame, however on short timeframe is showing w pattern formation so coming treading session I can plan sell positon 1650
HDFC Bank Ltd Support & Resistance HDFC Bank Ltd. (HDFCBANK) on a 1-hour timeframe, here are the key support and resistance levels:
Support Levels: ₹1,600, ₹1,668.61
Resistance Levels: ₹1,727, ₹1,768.61
