HDFC near it's last 2 month support Currently HDFC is in a short term downtrend and near it's last 2 months support , Good for intraday traders , wait and watch for any big move tomorrow. Also nifty is in downtrend.
Happy Trading friends!
HDFA trade ideas
HDFCBANK has given closing below 20 EMA on daily timeframeNSE:HDFCBANK has given closing below 20 EMA and big bearish 2 candles are showing little negativity. 1600 levels soon.
HDFCBANK will show 1600 again?NSE:HDFCBANK was trading on a support of trend line for the last few days and today it gave closing below that. 1600 is a good support and can bounce back from there.
HDFCBANK holding it's bullish streak after a marobuzu todayNSE:HDFCBANK is keeping it's bullish streak intact after taking a perfect support it's trend line that too with bullish marobuzu.
HDFC BANK MUST BUYHdfc bank is about to form harmonic ABCD pattern above 1730 and a must buy from these levels Go long for 6 months to 1 year target of 2000/2233 if corrected to 1580-1550 levels add more.
Closely watching HDFC BANKNSE:HDFCBANK From this weekly chart of HDFC Bank we could see how the stock has been consolidating within the tight range of 1590 - 1650( yellow lines)
The stock is just 6% - 7% away from its all-time high.
So I will be watching this tight range ( expecting a breakout) considering support for bank nifty at the 42850 - 42700 level.
Apart from technical aspects, it is important to closely watch the monetary policy for tomorrow. The market expects a 25 - 35 points hike.
*Analysis is completely for educational purposes and not any kind of stock recommendation.
HDFC Bank : +2% Upside Potential(Swing Trade)HDFC Bank CMP 1660
Breakout & Retested the zone
Looks good for an upside potential of +2.28%
Trade can be initiated for a target of 1694 with stop 1640
Trade can be above 936 with a stop below 930 for a potential Target of 939-943-947-950
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
#HDFCBANK
The birth of the chart. The evolution of the tapeLast time we studied how the exchange price is formed, and we found out that it is important to learn how to read charts correctly in order to analyze price changes correctly. Let's see how a chart is made and what it can tell us.
Everyone who went to school probably remembers: to draw a function, we need the X and Y axes. In stock charts, the X-axis is responsible for the time scale, and the Y-axis is responsible for the price scale. As we already know, a chart is built on the basis of data from a tape. At the previous post , we have produced the following tape:
FB $110 20 lots
FB $115 5 lots
FB $100 10 lots
Actually, in addition to ticker, price and volume the tape also fixes time of trade. Let's add this parameter to our tape:
FB $110 20 lots 12/08/22 12-34-59
FB $115 5 lots 12/08/22 12-56-01
FB $100 10 lots 12/08/22 12-59-02
That's it. Now this data is enough to put points on the chart. We draw three points, connect them with straight lines and get a chart.
At one time, this was enough, because trades on the exchange were not frequent. But now some popular stocks, such as Apple or Google, have hundreds of trades per second with different prices.
If the minimum division on the X scale is one second, what price point should we put if there were many trades at different prices in one second? Or let's place all the points at once?
We will discuss that in the next post. And now, as a postscript, I want to show you some pictures describing how the tape was born and evolved.
Here is a picture of a stock player, looking through a tape with quotations, which is given by a special telegraph machine.
Each telegraph machine is connected by wires which, like a spider's web, entangle New York City.
1930's broker's office with several telegraph machines and a quotation board.
An employee of the exchange looking through a tape of quotes. It won't be long before all this is replaced by the first computers.
We'll continue today's theme soon.
HDFC Bank breaks out!!!Covered call strategy is suggested and later when the price is right hedge it with collar.
HDFC BANK -10 Dec 2022 AnalysisHello Traders,
HDFC BANK 1 HR analysis.. HDFC Bank are in consolidation zone... when it brakes 1633 level it will go upside.. keep add this stock in your watch list...
HDFC BANK WAVE 3 PROJECTIONNSE:HDFCBANK getting ready to break year long consolidation.
Can go manyfold in Wave 3 & 5 higher.
#HDFCBANKHDFC Bank stock is in consolidation phase with volume rising in weekly time frame, BO level above 1635 if sustain for new high.
HDFC Bank forming flag and pole pattern.HDFC Bank has been halting on the higher levels and is consolidating in a 3% range.
The stock has been forming a flag and pole pattern on weekly time frame.
The stock has closed near the resistance zone and is trading above the 20 DMA.
Banknifty has been forming new highs and HDFC has the high percentage in the index.
Trade can be carried in this stock for either side.
Bullish Target :- 1710
Bearish Target :- 1540
Stop loss should be less than 5-7 points.
Wait for the price to crosses and close outside the consolidation zone i.e. 1592-1638.
Swing, intraday and positional trade can be carried in this stock.
HDFCBANK 1D Breakout1. High chances of breakout after Multiple testing of level and 20 days consolidated in range.
2. Higher high and higher low last 5 days.
3. Possible long with 1st 1670 and 2nd 1720 with support at 1590.
HDFCBANK - Ichimoku Bullish Breakout Stock Name - Hdfc Bank Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1642.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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HDFC Bank; On verge of breakout of 1 month rangeHDFC bank is looking good to give breakout. Stock is trading in a range since last one month. Seems HDFC bank will lead the next round rally in Bank nifty also. Keep on radar for breakout
HDFCBANK Daily AnalysisPennant Pattern observed in HDFCBANK
Can breakout go towards resistance tomorrow.
Target 1630.
Expecting breakout of pattern above 1630.
HDFC BankHDFC Bank #2Hr is forming a penant flag pattern. Concentrate on BO. Target is the flag pole reflection. It's good for swing trading.
HDFC Bank 1 Hour Time FrameHDFC Bank is consolidating at 1hr time, probability of bullish breakout in much higher in this scenario
1- After a nice bull run consolidating at resistance area.
2- Market sentiments are bullish specially in banking and finance sector.
