HDFC BANK HDFC BANK trading near strong support of 1400 and offers good opportunity for trading and investing.
This is just an idea
Trade or invest at your own risk.
HDB/N trade ideas
HDFCBANKI am not sure to work this chart pattern on 4H time frame .
first time i am share that type stock in my idea , that's reason i am not confidently say to buying stock to study purpose .
hdfc is one of the best stock of my banking list which give huge profit in short term or swing trading .
i share other time frame screen shot with us in below .
for MORE check in my TradingView ID
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HDFC Bank - How to trade on Monday
1. Opening of the trading (just two days next to 29th Feb 2024 was not at all warranted from the angle of retailers. Hope, not major effect has been seen on your portfolio.
In case of HDFC Bank a long bearish candle at the top may have a lot of effect; so do not haste on Monday , read the notes 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 or losses.
Let you grow. May! I follow you.
HDFCBANK - Weekly AnalysisIn the Weekly Chart of HDFCBANK ,
we can see that, it is at decision making point.
Up move from here will bring a momentum in market.
OR
It can test the lower levels also.
HDFC BANK NEAR LONG TERM SUPPORT As visible in long term Chart all the levels and we can clearly see the Trend is Up so we can accumulate with SL of 1360
Stock is in channel pattern with RSI being in oversold zone we can expect bounce back and momentum once nifty correction is completed
PS- Overall Market is Sideway to profit booking maintain strict Sl
HDFCBANK For long term Investment HDFCBANK in lower band of Bollinger Bands in Monthly chart
The last time it came to that level of has rallied roughly 20%
May be a good time to buy now for long term prospect
HDFC Bank - How to trade tomorrow
I have taken HDFC Bank as an example and tried to answer first question as to how it happens? Hope every one of us will understand? But, for second question, how and when will it happen, I will post today itself more charts for you to understand the concept.
1. 1407 is the magical number for the stock.
2. In 14 days chart it is trading above 200 SMA, it is a bullish condition.
3. 1369 is a Gann Number and it makes the case all the stronger for bullishness if that number is not broken, stock fell from 1681 which is again a square number. So, it completes square of 4 numbers.
4. Remember my previous idea last week where I was continuously warning you that there is no support (or shoulder) on the right and it is likely to be made somewhere near 1392/97 Inverted head and shoulder is invoke as shown above.; on the left side it has already made strong support and strong support above head also there.
5. In the 14 days chart it is clearly visible that the stock has completed two complete waves and is now heading towards third wave. (Attached here is 14 days chart also).
6. Now, our story of 29th February 2024 will be completed tomorrow. Remember, price is retracing back from the high of 14th February 2024, But it can go till the low of this date also just to have full liquidity by the smart money.
7. As per William’s R% the stock is oversold, which makes the smart money a good case to take the auction up.
8. Now, the major question is how to trade tomorrow? Please do not trade immediately, wait for at least 3 hours. Let at least three hourly candles close above 1392 to mark the beginning of right shoulder. Let smart money play its game and things get cooled off and there the game starts. It will mark beginning of the support but doesn’t mean that things will start moving immediately. It will take at least 18 hours of trading to make the support perfectly valid. So, be patient, target is very big at least 1600, 1681, 1764 and more.
Please stay connected.
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/Losses
Let you grow. May! I follow you.
HDFC Bank - How to trade today
Please read the notes mentioned on the chart.
Stage is all set for HDFC Bank to go long but its being managed by three restricting trendlines such that the movement is very little. Even if, prices go up sharply for next two days, s per the levels mentioned there but do not take delivery till 4th March 2024.
Watch the candle of 10:30 a.m. today.
Please stay connected.
Disclaimer:
I am not a SEBI Registered Analyst and it is only for educational purposes.
Let you grow. May! I follow you.
HDFC Bank - update
HDFC Bank is trading at the strong support of 1420 and weak support of 1422. Please read the notes as mentioned on the chart.
Now, you must be wondering as to why such small movements are there in the market. Let me tell you the truth. All the movements in stock market are time managed and these movements are managed years before. At present there is a special date coming on 29th of February 2024. This a leap year and this date will come only after 4 years. So, it is crucial. Till then there is such a small movement. As stated earlier, on that date the stocks/commodities which were bearish for the last year, will make a low and the others which were booming will make high and a major reshuffle in the market.
So, please remain away from the market unless you can manage small movements or play options. On 29th low and highs and after 3 days of that means form 4th of March movement major movement will come. So, please save your money for all the good times to come.
Please stay connected.
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.
Neutral to bearish
“We’re trying to exploit people’s reaction, which is embedded in prices and leads to trends.”
― Michael W. Covel, Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets
the stock is in extremely tight bear grip
its an underperforming counter
a bounce till 1360-1400 zone will be a healthy risk reward for short sell
such poor chart setup generally ask for more beating in terms of either price or time
expect the stock to undergo a long time correction and may even test 1250 technically in months ahead till its below 1600 rs level
HDFC Bank - When major movement will come?
Now, the last question has been answered on the chart it self. Read all the three posts of today to understand whole concept of market. 100% accuracy.
HDFC Bank - How market works
Hello Friends,
We all know that resistance drags price down and support takes price up. But, when and how it happens, probably we don't know? Plotted is the unique indicator Rekhi 144 which shows everything.
I have taken HDFC Bank as an example and tried to answer first question as to how it happens? Hope every one of us will understand? But, for second question, how and when will it happen, I will post today itself more charts for you to understand the concept.
Please stay connected.
Disclaimer:
I am not a SEBI Registered Analyst and it is only for educational purposes.
Let you grow. May! I follow you.
HDFCBANK: UPTREND Probability?HDFCBANK looks like at decent risk:reward area.
Reasons:
- With huge volume, the price did not crack
- Near recent high volume candle
- BANKNIFTY showing bullishness
Inverted H&S on HDFC Bank. Right time to buy for 1590-1600 trgHDFC has been under pressure for very long time. We see selling is drying up and to support, Spot has crossed 100 sma of 1hr chart with a successful retest at 1418.
We also see a inverted H & S pattern formed at the bottom. If this crosses 1450-60 and sustains, we should see it rally up to min 1590 - 1600. We need to keep a SL of 1395. (1418 is ideal SL, but giving 23 points buffer to rule out fake breakdown.
HDFC Bank - update for today
Please read the notes on the chart and act accordingly.
I am not a SEBI Registered Analyst and it is only for educational purposes. Please consult you financial advisor before making any decision.
HDFC Bank - How to trade today
Please read the notes on the chart and act accordingly.
I am not a SEBI Registered Analyst. It is only for educational purposes. I will not be responsible for any of your profits of losses. Please consult your financial advisor before making any decision.
HDFC Bank Best Entry Level Exact Support And Boom This Stock.Buy this stock and Hdfc Bank is trusted bank and verry fundamentaly stock this time right time buy this stock and wait 1 month green your portfolio
@Hdfc Bank Next Target 1640rs Short term Target And long term Target !930rs Buy this share
HDFC Bank - Live Market update
Marked is the resistance in red in daily chart. Buy above this and sell below/
I am not a SEBI Registered Analyst. Please conssult your financial advisor before making any decision.
HDFC Bank update
Plotted is wonderful indicator Rekhi144 which shows at one go all the supports and resistances.
Special Note for all of us: my dear followers: What is so special about this month? This is a leap year and 29th February is a special date being leap year. The stocks which had been booming for the last year will have a high on this date and those which are bearish will start their journey on this date. So, do not keep any delivery with you at the end of this week. Next week may be very volatile. I think you have understood what I want to say.
Trade between this time only in the Indian Market.
2-21-24 10:04 AM
2-21-24 2:30 PM
Read the notes on the chart and act accordingly.
I am not a SEBI Registered Analyst. This is just for educational purposes. I will not be responsible for any of your profits or losses. Please consult your financial advisor before making any decision,
HDFCBANK Long IdeaBiggest bank HDFCBANK is looking good for reversal from trendline in Weekly timeframe.
