HDFCBANKTrend Line breakout with high volume, Trading above MA line
Please have a minimum of 3 months for a short-term investment, Trade with stop Loss.
1.24%
87.50INR
459.971BINR
2.051TINR
6.397B
About HDFC BANK LTD.
Sector
Industry
CEO
Sashidhar Jagdishan
Website
Headquarters
Mumbai
Employees (FY)
173.222K
Founded
1994
ISIN
INE040A01034
HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank's segments include Treasury, Retail banking, Wholesale banking and Other banking business. The Treasury segment primarily consists of net interest earnings from the Bank's investment portfolio, money market borrowing and lending, gains or losses on investment operations and on account of trading in foreign exchange and derivative contracts. The Retail Banking segment serves retail customers through a branch network and other delivery channels, as well as through alternative delivery channels. The Bank provides its corporate and institutional clients a range of commercial and transactional banking products. The Other banking business segment includes income from para banking activities.
WEEKLY INDECISION On the weekly chart, the last candlestick shows indecision is the HDFC bank which closed in its strong support zone. October is a crucial month for this stock as its quarter result is upcoming.
Monthly trendline breakdown continuationHDFC Bank had closed below monthly trendline prev month and this month also it has given a continuation on the downside.
HDFC Bank - Total buying in todays candle 7.72M so far
HDFC Bank looks to have gone graves. But, preparing for huge pull back. It seems the bulls have got the control and now recovery may come soon.
Will attach 1H Chart as well.
But, dont be in hurry at all. Let the levels come after 4th and remember the time of candle I share in the last post. Adhe
HDFC Bank - A pictorial view - Live Market
Dear Followers:
Lets understand the concept of market which is applicable every where.
1. The so called, smart money or the big players require liquidity; means when retailers or small investors have the majority of stock with them i.e. (stock is overbought) prices will be brought down and when
HDFC BANKHDFC BANK looking good. Wait for re-test in weekly time.
buy/sell after above/bellow weekly candle close.
please wait for weekly candle close.
NOTE- Only for Education Purpose.
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HDFC share analysisSIMPLE price action HDFC is breaking its channel and moving down side
SHORT TERM TARGET 1400
HDFC Bank Daily chart analysis || Long term BuyHDFC and Reliance are charting distinct paths compared to the broader Indian market, exerting a direct influence on the Nifty and Sensex indices. The recent drop of almost 10% from their all-time highs, coupled with the breach of key support levels, raises significant concerns for these indices.
Th
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
HDFC Bank - Wait till 29th September
HDFC Bank is still bearish. As per my previous coverage, will have to wait :
1. Levels to be formed on 29th September 2023. (Not likely to go below 1510).
2. Whatever low is made on 29th September 2023 has to be watched.
3. On 2nd October we have a holiday.
From 4th it is likely to be bullish. D
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