HDFC BANK RESULT TARDEits in channel and at higher level of trendline and today is result also so as per result it will react and banknifty move is also majorly depend on hdfc bank reult
HDB/N trade ideas
HDFC Bank on the cusp of a major breakoutToday HDFC Bank will come out with its quarterly results post mkt. The stock is all positioned to rise substantially from here. In my view the mkt will react extremely positively to the results. This also will give phillip to other banking stocks like SBI and ICICI which look very strong and in turn will give a big push to BNF. Choose ur pic for tomorrow coz tomorrow will be the day of the banks.
HDFCBANK HOURLY GANN LEVELS CHART RESULT DAY TRADE 16/01/2024HDFCBANK will announce its results today on 16/01/2024. How to trade it today. Before trading it we need to analysis with our Gann Retracement method to know its vibrations.
Hourly chart show the growth cycle start from 04 Dec 2023 on cross of 3.000 marked on chart at 1579.50. Momentum was to be seen above 1614.55 on chart. We tested this level 3 times on hourly chart giving us ample time to enter this stock. Target was 1649.55 on chart where profit booking was expected as per Gann Rules.
After hitting first target we came for the third time to 1614.55 which was the final chance to enter this stock on 13 Dec 2023 9 am candle. Target of this move was 1672.00 and 1684.60. This target was achieved on 21 Dec 2023 at 15 pm candle. So again profit booking was expected here.
The profit booking was short with small range on downside seen on chart which showed strength of the scrip for further move higher. This move target was 1719.65 after cross of 1684.60 on chart. It was a momentum move where we reached the 50% of the range target advocated by W. D. Gann, God Bless His Soul for giving this single rule which works in all wakes of Life.
From here we can see the reverse move happening on this scrip. Target down was 1672.00 and 1684.60 which was achieved on 04 Jan 9 am candle. 05 Jan 2024 was a last ditch effort by the scrip to move higher but if fell miserably and breached the 1672.00 support earlier after oscillating between 1672.00 and 1684.60 for the last time.
Below this the target was 1649.55 which was achieved three times recently as seen on chart.
We saw a decent bounce to 1672.00 and 1684.60 yeaterday on gap up move of Bank Nifty Index which was contributed by this scrip.
How to trade now is the million dollar question today ???
To trade you need to watch 1672.00 and 1684.60 levels for further clues if they breached on upper side or lower side.
I have explained the move in details. Its your duty to study the scrip and trade as per levels provided here.
Happy Trading !!!
N.B. Not an Trading advice. Use your discretion. With all usual disclaimers aplpicable to this platform's reach.
HDFC Bank needs to join the Party with ICICI BankOnce HDFC Bank gives a Bullish 15 min Breakout from Previous Week's High, it can cause a Huge Rally on the upside and combined with ICICI Bank, will propel Bank Nifty to new All Time Highs.
HDFC BANK, Rounding TopHDFCBANK shows Rounding pattern indicates bear move in short term, be careful while going long.
HDFC BANK BULLISH VIEWHdfc bank looking is very bullish. we have to invest in cmp . it is farming channel pattern . my first target @1670 and second target@1735 we have to maintain stop loss@1490 ( sl is closing candle daily basses)
HDFCBANK showing weaknessNSE:HDFCBANK
HDFCBANK showing weakness and is in downtrend, and approaching near Demand zone, which is hurdle for banknifty to move up side smoothly... Lets see
LONG TRADE IN HDFC BANKHello everyone, based on trend, fib and market structure, HDFC bank could be a potential buy as per above tool placed in graph.
HDFC bank will fall till 1632 sell recommended near 1700On 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
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.
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
hdfc buy for hdfc bank from 1702 level looking good for 1 wave upside
1.for 1715
2 for 1728
with stop loss 1689
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 ready for breakout Ascending triangle with double top breakout setup
Possible ATH breakout
RSI near 65 and rising
Trading above EMA50
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 10/10/2023Hdfc bank is still bearish trend but 1569 above close one day candle it is turn in to bullish other ways it is going down so wait for angulf this 1569 zone then you can enter in this stock
HDFCBANK technical overview for 2024Hi every one
I analyse hdfcbank as per my view it is good stock
1690 stop lose postional trade or ce call
this is no advise or tips
pure my view you can consult your financial advisor
HDFC BANK make or break !!!HDFC BANK near resistance !!
major resistance at 1670-1690 this is 7th attempt to break it !!
if good volume break then rally continues or else
previous support at 1450 levels
waiting for a clean break to enter
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
-----------------------------------------------------------------------
