HDFCBank_WeeklyHDFC Bank Limited (also known as HDFC) is an Indian Multinational banking and financial services company headquartered in Mumbai.
Only For Educational Purpose.
H1DB34 trade ideas
HDFC BANK 1420 CEAs per recent developements in the HDFC bank, mutual fund houses bought approx
8 % equity in Jan and Feb and management of HDFC bank will hold special meet on 19 Feb 2024 for future growth prespective, so keeping in view of the above mentioned factors, the following can be considered :-
1. Buy 1420 CE Feb expiry @ 29 with 1400 PE FEB expiry @ 14.
Or
2. Buy CE 1460 Feb expiry @ 13.
- There is strong commentary can be expected from HDFC bank, so overall bullish stance can be considered.
- Sharp price action can be seen on Monday in HDFC bank upto 1500 levels, downside is limited.
HDFC Bank: (Long) Entry-1384 Stop-loss-1362 Target-1513
Foundation: HDFC Bank is one of the flagship companies of India and has been considered as one of the few institution of national importance by Govt. of India. It is also one of the leading private bank in the country.
Technical:
1. If we use Anchored VWAP(@23-03-2020) on weekly timeframe on the price chart of this stock, we will notice that price took support of it on 13-06-2022 and bounced back to continue its uptrend. Now, if you look the chart on weekly time frame, it has formed a bullish hammer candlestick on this VWAP, from which it is expected to take support.
2. Now, when we zero down to 30min. timeframe the stock has started the formation of higher highs and higher lows which is a good sign for reversal.
3. I am expecting price of the stock to take a deep pull back and then reverse for good and continue it's uptrend.
For Swing, target could be as per risk:reward
For Investment, target could be 1513, 1660, 1811, 1903
HDFC bank long RSI divergence and parallel channel breakoutChart is self-explanatory and suggest long entry.
Breakout of parallel channel and RSI divergence on daily timeframe.
hdfc bank double bottom technical analysishdfc forming a double bottom with bullish rsi divergence and oversold rsi in 4hrd and daily timeframe.
HDFC Bank - Bullish (How to trade on Monday)
I am repeating here the notes as mentioned on the chart so that we all can read them properly because of lack of space there and font being very small.
1. Share Market is all about balance (taraju). Left Vs Right and bottom and top.
2. Let us examine this in the light of HDFC Bank case.
3. Check red arrow on the left at 1392.95 and corresponding candles at this price of the left. Here, everything seems to be in balance marked by the white cross line.
4. From here, right got activated means here a support got created and all the stocks bought at this price were sold 1420 and at 1422 a resistance got created marked by the green arrow.
5. Now, I have drawn a corresponding yellow arc as well. Unless this arc is broken, price cannot move up.
6. These arcs or the circles are broken only from the bottom and not from the top means price will come down, make a solid base and then go up.
7. On Monday, there are two important candles at 9:16 a.m. and 1:42 p.m. Out of these 1:42 p.m. candle is pivotal and will decide fate of all the Indian Stocks.
8. Mark 1:42 p.m. candle of this stock and all the Indian stocks. Here, a strong support will be created and stock which trade above this time for at least three hours will remain above this level will make upward swings and below it will be down.
Conclusion: 1392.05 is a major support for HDFC Bank but it cannot go up beyond 1422 before 5 hrs of trading next. Those who have the delivery, need not worry, it has just started its upward journey and will move forward. Special Point (Whenever HDFC Bank breaks high of 7th February 2024 on closing basis, it will become overall bullish).
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Hdfc Bank : Long TermThis is for long term technical analysis,
Weekly chart analysis as below,
This weekly technical chart clearly indicates that it is working as per trend line. Its created Hammer at bottom.
Day wise chart analysis as below,
It has given clear indication to buy. It created spinning bottom with high volume.
Buy : Between 1370 to 1400
Stop Loss : 1340
1st Target : 1520
2nd Target : 1630
3rd Target : 1710
Note : Before taking any trade do your analysis.
HDFC bank 1424 Target hit buy given at 1399 hold it Till recent low not break hold buy trade on HDFC Bank given near 1400 ,
On 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
HDFCBANK : Added on to the existing positionAdded on the existing position for about 1.25% of the net capital and thereby summing up the total holding in the stock to 2.5% of the net capital.
I do expect the price to push a little bit more to the downside by forming a descending channel in the lower time-frame. By there is also a high probability that the price may rally from even the current levels, since it has done the same in the past, as mentioned in the chart. So, considering the overall macro and micro economics and the resilience of the Indian economy when compared to the global market scenarios I decided to involve in the scrip from the current levels itself without waiting to pick the exact bottom.
There is a potential move of about 21% from the current average buying level.
Previous posts regarding the same scrip is attached underneath this post. Do check them out too.
HDFC BankPrice formed double bottom at 1460 zone, but failed to take support, fall for another 100 points. Now it is sustaining above 1400 zone.
Important support zone is 1380 - 1400.
Important resistance zone is 1450 - 1470.
If price sustains above resistance, then we can expect good bullish movement.
One hour time frame shows, price is sustaining above the trend line.
I am not going to give levels, let us see how price reacts around the important zones and decide accordingly.
investors should be all ears!! Fibs are telling me that the 1357 is a strong support. Trendline support at the same zone is positive. Hence the zig zag corrective pattern of Elliott is done. From here the 3rd wave which is the strongest should begin. I will suggest one to buy this stock for investments at CMP of 1414.
HDFC Bank - Update
Please read the notes as mentioned on the chart and act accordingly.
Disclaimer: I am not a SEBI registered Analyst and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits of losses.
Let you grow. May! I follow you.
Thank you
HDFC Bank - How to trade today
Please refer to the notes mentioned on the chart and act accordingly.
Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes. Please consult your financial advisor before making any decision.
Let you grow. May! i follow you,
Thank you
Technical analysis of HDFC BANK Is it the right time to buy HDFC BANK ? Obviously yes, as it has corrected more than 20%. As the stock is approaching its first support, its good to accumulate at 1300 levels. And in case the 1st support is broken, more of the stock can be accumulated at 1150 levels. The analysis is for a long term perspective, thus the stoploss is not discussed. For educational purposes only.
HDFC Bank - Live Market Analysis
Buy HDFC Bah above 9:30 Candle today.
Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes. Please consult your financial advisor before making any decision.
HDFC for buying side HDFC Bank for buying side if it hold 1 HR support and it give you around 1 to 2% Target easily if it breakout the trandline see my previous analysis stocks and index
HDFC Bank is long consolidatingAbove 1415 if this share starts holding. We can target the resistance line for the first target. Other targets are open as the share has corrected a lot.
R@bbit hole forming for HDFC Bank!!So, TBH I am heavily invested in HDFC bank and looking at the chart status it seems that we might hit the 2022s very soon!
I am myself not selling, but might acquire more at 2022 low levels.
Lets hope that my understanding is wrong, otherwise this would be catastrophic.
HDFC Bank -Buying Opportunity - LongHDFC Bank Ltd Buy: 1388 to 1342
Stop Loss: 1276.70
Target 1: 1537.45
Target 2: 1682.30
Trade and Invest Wisely with your knowledge! Good Luck!
You can also see my other stock analysis and the results in my profile ideas. Please follow me, If you would like to see more ideas on winning stocks.
**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advice or any recommendations on stock/Forex/Coin buying or selling.
Please do your research and consult with your financial advisor before taking any action.
I am not responsible for any of your actions on buying, selling or holding the above-mentioned stock or/and index or/and Forex or/and coins
Neutral Accumulation till 1480
TGT 1720
Sl 1380
Weekly chart getting weaker below 1380 for further selling which might bring it 1272 in hypothetical situation where start correction with high volatility
For education purpose only
No buy sell recommendation
HDFC MIGHT TAKE A FAST U TURNHDFC BANK might take a possible u turn for swing or positional trades
After a huge fall HDFC bank sustaining at an imp level.
But this might be a risky trade or will turn out to be a best one once takes a u turn we will be from the beginning of the rally..
So lets keep this simple with a small STOPLOSS and bigger targets
ENTRY - 1410
STOPLOSS - 1395-1400 (BUFFER AS PER THE MOMENT)
TARGETS - 1440, 1450, 1480, 1500++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
HDFCBANK - Weekly AnalysisIn the Weekly Chart of HEROMOTOCO ,
we can see that, it got very strongly rejected at 1700-1720 levels.
1400 level can act as support.
Let it form a Hammer candle to generate a Bullish momentum.
