Investment Idea - HDFC Bank CMP 1632Investment Idea -
HDFC Bank cmp 1632
Estimated mortgage mix to rise to 33% by FY26
Estimated CAGR 22% in net earnings FY24-26
25% Upside Potential in Short term.
H1DB34 trade ideas
HDFC View in 30 minFrom last couple of day it's follow a down trend in 30 min timeframe. and now it create a double bottom with good volume and we can see MAX VOLUME is in 1674.05 .
After break trend line with good volume the level of 1690 we can se a good move from 1690-1705 or 1720.
After 1690 level break as expected we can see a bullish divergency at MACD . (as expected just tell this advance )
1704 is a resistance 1
1720.90 is resistance 2
support 1: 1674
Support 2: 1668
HDFC bank, as said today morning profit comes from 1700 , we getOn 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
HDFC bank sel near 1695-1700 SL 1730 Target 1665, 1630On 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 : Booked a profit of 5.13% on the invested capitalThe price has reached crucial inflection levels, and concurrent with Bank Nifty also being at levels where sellers may opt to book profits, I made the decision to secure gains and transition to cash positions. I have booked a profit of approximately 5.13% on the invested capital. While I acknowledge the potential for a move of about 6% to the channel highs, I am comfortable adhering to my instincts.
I am open to a potential re-entry if the price retraces to the lower end of the channel. For additional context, please refer to the previous posts related to this position attached below.
HDFC bank - What next ?Today, HDFC Bank is down by more than 4% due to some news of target reduction.
As HDFC Bank is a market mover, a big fall in HDFC bank can trigger a correction in broader Indian markets, especially banking sectors.
However, news based moves are mostly a trap for retail investors.
Weekly TF analysis of HDFC bank shows formation of ascending triangle pattern since 2020. The immediate support below the trendline for HDFC bank is 1520 which can be best buy levels.
Lets wait and watch what is unfolding in HDFC bank.
HDFC Analysis for 2nd January 2024HDFC follow a trendline as per I draw.
Nearest strong Support at :1696
If tomorrow price break the trend line then your buying entry will be available after price settle up 1705.
Next Support area 1684.55
MACD and RSI is indicate bearish for intraday.
In a day timeframe Log term HDFC is bullish . If you are an investor then you can buy on dip.
HDFC bank positional Target 1720 hit buying recommended at 1500On 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
Hdfc Bank Previous resistance is now new support hello dear traders
hdfc bank daily
1500 is previous resistance for hdfc bank
in aug 2022 to nov 2022
look like for now its turn in to a support
mkt take support many time at this 1500
so we can take long position at around between 1460 to 1500
with the stop loss of 1420
for the target of 1700
-----------------------------------------------------------------------
Hdfc Bank Giant iS Ready To Move BiGHi Friends, Sharing weekly chart of Hdfc bank, as we can see that price sharing a support spot where both parallel channel and rising trendline adjoined, So two things can happen from here that price can break channel and rising trendline supports after we can see a downfall towards support below Or we can see a support bounce from here. I am sharing weekly chart one can use smaller timeframe for tracking this idea.
Levels Can Arrive Again-
Support Break- I measured channel height in which it consolidate is 9%, so we can see a 9% downside after support break coincidentally a horizontal support is also very well placed there. Good spot to cover short positions.
Support Bounce- After support bounce we can see again a 9% upmove from here and can reach again to the channel height and resistance sharing same spot. Good spot to unwind longs.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
HDFC BANKAn Ascending Triangle in formation. Multiple attempts to break above @1715 were unsuccessful. With broader market in a bullish mode and interest shown in large cap stocks, I expect a breakout for an initial target of 2200.
The vertical distance from the ascending line to the breakout level is added to the breakout level for a target of 2200.
HDFC BANK on the move HDFC Bank as per my analysis in previous post started moving you can expect target of 1950 or 2000 . it will come down a little bit you can buy on dips wait for moving average cross over of blue line crosses from below the red line you can expect spectacular move in a long RUN.
Important Weekly Intraday levels .NSE:HDFCBANK
Hello Folks ..!
I've marked all the expected important levels for the week.
I have marked these levels in two ways, one Horizontal and other in the form of trend channel.
Again, levels are too simple to understand, unless there is a major Gap up or down beyond these levels occur these levels will hopefully help you with your existing trading strategy and experience.
I will try to keep these levels up to date so keep an eye on this.
All the best Folks ! Hope you have a Profitable week.
