Analysis of Moving average stock (15/Nov/2024)Analysis of Moving average stock (15/Nov/2024)
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3.0 EUR
7.17 B EUR
44.87 B EUR
2.54 B
About HDFC BANK LTD
Sector
Industry
CEO
Sashidhar Jagdishan
Website
Headquarters
Mumbai
Founded
1994
FIGI
BBG000NWMZN6
HDFC Bank Ltd. engages in the provision of banking and financial services including commercial banking and treasury operations. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking, and Other Banking Business. The Treasury segment is involved in net interest earnings from the 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 focuses on serving retail customers through the branch network and other channels. The Wholesale Banking segment provides loans, non-fund facilities, and transaction services to large corporates, emerging corporates, public sector units, government bodies, financial institutions, and medium scale enterprises. The Other Banking Business segment includes income from parabanking activities such as credit cards, debit cards, third party product distribution, primary dealership business, and the associated costs. The company was founded by Aditya Tapishwar Puri in August 1994 and is headquartered in Mumbai, India.
HDFC Bank On the verge of Breakouthello Everyone HDFC bank about near lifetime high and resistance of trendline good Inverse head and shoulder pattern in making price is above 50 EMA RSI showing strength supported by volume.
HDFC Bank cmp 1766.30 by Weekly Chart viewHDFC Bank cmp 1766.30 by Weekly Chart view
- Weekly Support at 1705 > 1622 > 1550 with the Resistance only at ATH 1794
- Stock seems trying to sustain above trading price range 1270 to 1735 since September 2024 by breakout attempts
- Stock attempted New ATH 1788 on 26-Sept-2024 yet again failed to
HDFC Bank Ltd - Base consolidation setup on a weekly timeframe Amidst the broader market volatility, HDFC Bank among the large cap has formed a flat base consolidation with price nearing breakout zone on a weekly timeframe.
Ideal to keep a close watch on this stock.
The stock price is trading above the 30 weekly moving average.
An up-move could be seen if it
Will HDFC ever succeed in a breakout?Underperforming since 2021. Trying to break out of the consolidation, several attempts were made and failed. Will it succeed this time??
✅Forming inverted Head and Shoulder pattern in DTF
✅Consolidating in a tight range right above 50 DMA.
✅Trading right below ATH.
✅Consolidating with narrow-range
Long HDFC BankBreaking range in correcting market.
broke previous days high.
good fundamentals and good future growth
cmp 1759
target 1940
sl 1660
Technical Analysis Part - 1An RSI divergence occurs when price moves in the opposite direction of the RSI. In other words, a chart might display a change in momentum before a corresponding change in price. A bullish divergence occurs when the RSI displays an oversold reading followed by a higher low that appears with lower lo
Trading HDFC Bank’s Descending TriangleThe descending triangle pattern in HDFC Bank shows a strong horizontal support at 1710 and a descending resistance around 1740-1750.
Bearish Trade Setup
Entry: Sell if the price breaks below 1710 with high volume.
Profit Target: 1690 (20 points below support).
Stop Loss: 1740-1750 (above recent
HDFCBANK Long Base BO [Weekly]HDFCBANK is finally showing a pattern I like to see in a tough market that too. Its in range of <8% from 50 DMA as well so in case it turns, we can keep that as SL level.
Did come in the momentum basket screener last week as well. Among the Pvt sector Banks, ICICI and HDFC are the ones holding in ov
Long Trade---HDFC farming Cup & handle in daily TimeframeLong trade - Below are the confirmation points
1. Monthly & Weekly : MACD = Buy
2. Daily : RSI and Stochastic = Strong buy
3. Volume = Average
4. EMA = Positive Crossover
5. Chart pattern = Cup & handle
6. FIB = N/a
7. Divergence = Bullish Divergence
If the Cup & handle Breaks out then it will gi
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