HDFC BANK 1D now it is showing signs to of boom boom HDFC Bank is showing a long-term ema golden crossover in the one-day chart, indicating a trend reversal. It can show big targets as soon as it crosses the level of 1722. ill update it time to time
HDFA trade ideas
Hdfc bankHDFC might comes down into the weekly fvg, below the current price, and then it will go upside, this is just my view, dont buy/sell just by seeing my view, plan accordingly to your view and risk management, this was not an financial advice.
HDFC at Accumulation Zone - BUY around 1420 with SL 1375 After a heavy correction, HDFC has taken a good support near1430 - 1380 zone.
Target 1 - 1720
Target 2 - 2120.
SL - previous low of 1375. Risk reward will be good.
Only for Educational purpose. Do your own analysis.
HDFC BANK FOR A RUN!HDFCBANK is currently at INVERSION FVG and as we a support there, prices will smoothly run for all time highs again.
EARNINGS will be a driver for the stock.
BANKING MAJOR COMPLETES RETEST.India's biggest bank finally broke out after months of correction and consolidation. Lot of news and investment expectations boosted the stock for new breakout but a green candle was nowhere to be found for strong close after huge gap ups and hence stock corrected down to its supports. NSE:HDFCBANK is finally ready to continue its upmove after completing its retest.
Hdfc 1D TF buy From recent rally it was retraced reached at .618 level... looking like taken support at this level...
HDFC BANK: Need to hold the range 1600-1675After sharp selling from YH3 1790 , drawdown of -182 i.e -10.25%, NSE:HDFCBANK need to hold the range 1608-1675 and trade above 1675 for buullish momentum to continue.
Failing to hold 1600-1608 can see intermediate support of 1545/1525 downside. If took support from 1545-25 and trade above 1675 ,will be a better confirmation to continue bullish momentum..
With Union Budget to be presented on July 23 2004 ,it may consolidate in between 1608 and 1675.
Also need a positive Q1 result , that is likely to be announce on July 20-22.
Repeating patterns, Wave Theory, Conclusions I have made efforts in Explaining the Wave Theory how we decoded it
We made efforts in decoding the wave theory in way that suits us always in the winning trades
I have explained part of it here in order to give you an understandable visual pattens
The data what we work as Technical analysis have to be understood in all aspects of market and
economy too
I hope this small video gives you insights of how market makes people to lose their focus and then play the Game
If you have any Questions i will try to answer it
Thanks
HDFC BANKIts main support level 1600 and if it reverses at that level a good buying can be seen. On weekly Tf the resistance would be 1680-1700. If a weekly candle sustains above 1700 new highs can be observed.
HDFC BANKAlmost oversold
At strong support area
1610 -1630 can act as stop n reverse area
VPA theory matches the analysis
Can go long with SL below 1590 with tgts near 1740-1800
#HDFCBANK BREAKDOWN 08/07/2024How to trade HDFC Bank Stock after its Fall 05/07/2024
HDFC BANK the stock is holding above its 50-day moving average, the big traders or specialist remains positive on the other side showing resistance at 1700.
After such a sharp decline, HDFC BANK is likely to find support their is high possibility of a bounce back from the mentioned support levels.
On the higher side, Immediate resistance is at 1700 and the next crucial resistances are at 1740 and 1790-1800 levels.
The overall structure of the stock seems to be bullish, and buying on dips will be the ideal strategy in this counter. Coming to the levels 1600 will be a good bargain price where short-term traders can enter the stock. The immediate targets for the stock are around 1720 on the higher side
L E V E L S:-
Resistance-1700,1720,1740
Support-1600
Bullish on HDFC Bank! Long-term outlookHDFC Bank: Promising Long-Term Potential. Based on current trends, there's a possibility of reaching ₹2000 in the long term.
Disclaimer : I cannot provide financial advice. These rewrites are for informational purposes only.
Hdfc Bank Date 05.07.2024
Hdfc Bank
Time frame : Weekly
Remarks: Look at strong resistance band at 1720, which stock is unable to close above since 2021 on weekly time frame. That gives us big hint that close above this zone on weekly time frame is big breakout, obviously with proper risk management.
The internal resistance/support trendline worked beautifully & for future as well extend that to estimated next resistance zone. There's 50% zone marked for incase any retracement till there then we can try btst trade.
Rsi also worked beautifully the breakout + overbought zone confluence helped in strong rejection.
Regards,
Ankur
HDFC Bank Fails the breakout: Importance of Following DisciplineNSE:HDFCBANK has failed its breakout. This is why it is important to wait for confirmation/follow your discipline. Do not rush in trades. Always maintain stop loss and respect price.
HDFCBANK Channel breakoutHDFCBANK channel breakout !! It is retesting the breakout zone, SL below 1700 on closing basis.
HDFC bank breaking a major resistance Bank Nifty has underperformed this year compared to benchmark nifty largely due to NIM. Also it is expected that the RBI may cut rate before their US counterpart . In such a scenario HDFC is a good value bet plus it is about to test a major trendline giving an opportunity to make an ideal entry. However it may take a month or so to see some major moves. Upcoming gov. policy may also trigger big moves.
HDFC Bank retesting the break out zone, looks bullish.
The stock looks bullish as per the price action. There was a consolidation and a break out after a gap up opening creating a gap.
It has retest the break out zone and the gap is filled.
HDFC Bank has taken a good support from 1480-90 zone as there is a confluence of 200 ema, retest and fib retracement levels.
Entry :- Above 1528
Possible Targets :- 1556, 1588
Swing/positional targets in the stock are even more. As the entry in the stock will be created the targets will be revised with trailing the SL/.
Wait for the price action on the bullish side for the entry.
HDFC Bank - Bullish Flag chart patternBullish flag chart pattern has formed in HDFC Bank and also we have seen the breakout yesterday.
During the flag formation, we have observe the volume is going down, indicating that the bullish trend will continue.
Breakout of bullish with volume indicate a good sign and also RSI is above 60 so the momentum is also available.
Levels are mentioned on chart, For target use measurement rule.
Trail your SL is the key of saving capital along with profit is the good gesture of traders.
Is HDFC Bank aiming to hit 2200+ in the coming months?Reason for going long on HDFC:
Ichimoku:
HDFC stock has been sideways for years but is slowly turning bullish after hitting strong Ichimoku cloud support at 1350. It is now crossing the Tenkan-sen (TS) and Kijun-sen (KS) on the monthly chart.
Fibonacci + Fib Channel:
When we draw the Fibonacci channel and Fibonacci extension of swings, it looks like HDFC is set to hit 2200 in the coming months.
Buy on Dip:
The current market price (CMP) is 1604. Any good dip near 1450-1520 presents a great buying opportunity for the long term.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
HDFC Bank: Has the bull run countdown begun? For the past four and a half years, the stock has been consolidating. The stock is clearly in the 5th wave. We now need to ascertain our current position within the fifth wave.
It made several unsuccessful attempts to surpass the psychological threshold of 1700. The most recent attempt (wave AB) was unsuccessful once more. The way it plummeted to point C after that was really intriguing; it exactly matched wave C's personality. Thus, assuming the preceding analysis is accurate, minor wave 3 of major wave 5 has begun.
Trading Strategy- Positional trades: buy on dips with a stop loss below 1350. We may aim for the target at 2200.
Notice: This analysis is meant only as a teaching tool. Please speak with your financial advisor before making any decisions on investments. I will not be responsible for any loss incurred
Cup and handle breakout in hdfc bank after 3 yearsHdfc bank is consolidating in same range from 3 years but now it has given a clear breakout of cup and handle pattern . It may come for retesr near 1730 as it has also left gap near this level. As it has given breakout after long time and it is near 52 weak high it may quickly reach upto 2250 levels
3 parameters for Big HDFC Trade ---- :Textbook setup on big daddy
1)50-day moving average (MA) crosses above the 200-day MA from below, it’s known as a golden cross... Downtend to an uptrend...
2) Clean candle for the upside.......good volumes
2) FII lakuna inflow sheet --- HDFC US is more then 3% after this news as off 2/07/2024
Make the most out of this trade... Happy Trading...
