Intraday HDFCBANK Looks BearishAs per Intraday Trading Strategy HDFC BANK looks Bearish.
Sell HDFC BANK Near 1680, SL 1686, Target 1670,66
Only For Educational Purpose
0A7I trade ideas
HDFCBANK Hourly Chart shows Target of 1900 in 2/3 MonthsHDFCBANK Hourly Chart shows Target of 1900 in 2/3 Months
LTP - 1678
SL - 1620
Targets - 1740 / 1810 / 1900
Timeframe - 2/3 Months
HDFC BANK BREAKOUT ON MONTHLY CHART HDFC Bank has given a breakout on the monthly chart, and there are chances for more upside. This analysis looks at the technical indicators and the broader market conditions to assess the potential for further gains.
Analysis:
The monthly chart for HDFC Bank shows a clear breakout from a consolidation pattern that has been in place since 2020. The breakout was accompanied by a strong volume spike, which is a bullish sign. The price is now trading above the 200-day moving average, which is another bullish indicator.
The broader market conditions are also supportive of further gains for HDFC Bank. The Indian stock market is in a bull market, and the banking sector is one of the leading sectors. HDFC Bank is the largest bank in India, and it is well-positioned to benefit from the growth of the Indian economy.
Key Trends:
Breakout on monthly chart
Strong volume spike
Price above 200-day moving average
Bullish market conditions
Targets:
1725
1800
1900
Risks:
The market could correct in the short term.
HDFC Bank could report weak earnings.
There could be political or regulatory changes that could impact the banking sector.
Conclusion:
The technical indicators and the broader market conditions are supportive of further gains for HDFC Bank. However, there are some risks that investors should be aware of. Overall, HDFC Bank is a good stock to consider for investors who are looking for exposure to the Indian banking sector.
HDFC Bank (Neowave Forecast)Hi Everyone,
This is a chart of HDFC Bank and i also posted recently Bank nifty. Will add ICICI Bank, SBIN Bank which is a part of bank nifty which will help you in trade index more confidently.
Thank You.
HDFC BANKHDFC BANK has created cup and handle pattern in weekly chart since long time and facing resistance at 1722.
HDFC Bank - Bullish sentimentsThis is a continuation form the previous HDFC bank trade which have given an exceptional return.
Congratulations to all who followed.
So here it seems that HDFC Bank is following a channel & is in a continuous upward trend. Given the fundamentals & market scenario it should touch the last month high fairly quickly. Needless to say, there is a possibility of breaking down within the channel, most likely to the lows of last 2 months (either) and then bouncing back to ATH.
hdfcbank - buybuy from cmp to 1670
easy tg 1695
Disclaimer : This is my personal analysis for study purpose not intended for trading.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising wedge
📌 Symbol/Asset: HDFC BANK
🔍 Description: Stock is at resistance of rising wedge
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
HDFCBank Weekly Chart Suggest 20% upmove in next 6-8 MonthsHDFCBank Weekly Chart Suggest 20% upmove in next 6-8 Months.
CUP Pattern Breakout in progress on Weekly charts.
LTP - 1640
SL - 1540
Targets - 2000+
Timeframe - 6/8 Months
Every Dips can be used to accumulate the stock for Medium Term investment.
HDFC Bank on the verge of a Weekly breakoutIf HDFC bank is able to break weekly resistance levels of 1725, the targets of 0.618 & 1 on the extension side open up.
Corrective Phase to Begin for HDFC BankOn hourly chart HDFC Bank has completed impulsive phase, its corrective phase is to begin, we can expect the target of ~1650
Divergence on RSI is also visible
HDFCBANK - Weekly AnalysisIn the Weekly Chart of HDFCBANK ,
we can see that; after the failure of Cup & Handle, it has now reached the same level.
It might respect it once again and retest it next week.
Let it retest and then enter with SL and Target.
Expected momentum is shown in chart.
HDFC Bank: Black Swan Pattern & Trendline SupportIn this analysis, we will delve into the chart of HDFC Bank on a daily time frame and examine key indicators and patterns to provide insights into the stock's current situation. Notably, we will explore the presence of a potential black swan harmonic pattern, trendline support, RSI trendline support, and the stock's current RSI reading.
Black Swan Harmonic Pattern:
The black swan harmonic pattern (in red color) is a specific pattern based on Fibonacci ratios that traders use to identify potential price reversals or trend continuations. It is important to clarify that the term "black swan" in this context refers to the name of the harmonic pattern and is not related to the concept of unforeseen events. The black swan harmonic pattern is characterized by specific Fibonacci retracement and extension levels and can indicate potential turning points in the price of a security. There is a presence of Gartley in blue color.
Trendline Support:
On the chart of HDFC Bank, we observe a robust trendline support. Trendlines, drawn by connecting significant lows or highs, often act as areas of support or resistance. The presence of reliable trendline support suggests that the stock has historically found buying interest at these levels, potentially providing a cushion against future price declines.
RSI Trendline Support and Reading:
The Relative Strength Index (RSI) is a widely used momentum indicator that measures the speed and change of price movements. In the case of HDFC Bank, the RSI exhibits a supportive trendline, indicating consistent buying interest that helps maintain the stock's momentum. Additionally, with the daily RSI hovering around 41, it suggests that the stock is neither oversold nor overbought, leaving room for potential further price movement.
Trade Setup:
Based on the analysis of the chart and the potential black swan harmonic pattern, a possible trade setup could be as follows:
Entry: 1603
Target 1: 1641
Target 2: 1690
Stop Loss: 1575
Conclusion:
In conclusion, the detailed analysis of HDFC Bank's chart on a daily time frame reveals several notable aspects. The presence of a potential black swan harmonic pattern, combined with trendline support and RSI trendline support, suggests a unique trading opportunity. It is important to clarify that the term "black swan" in this context refers to the name of the harmonic pattern and is not related to unforeseen events. Traders should use this pattern along with other technical and fundamental analysis tools and implement proper risk management strategies to make informed trading decisions.
Hdfc Bank Long WeeklyHdfc Bank Weekly Chart..Forming Perfect Cup n Handle Pattern..Still breakout is pending for upside..Buy expecting it to break on upside in coming weeks ..Once Breakout confirms than the stock can move upto 2000-2100..Portfolio and SIP stocks to add on every Dips....Hdfc bank being the highest weightage in Bank Nifty can pull Bank Nifty more upside from here..Target of Bank Nifty is 50000...Hdfc bank to contribute good in it
HDFCBANK is looking bearishHDFCBANK can be shorted here as it broke the trend line and price is below vwap too. Even, oi suggests same. 1640 ce has 11 lacs contracts and 1640 pe has 6.1 lacs
HDFC BANKENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
HDFC level for tommrow Hdfc is looking week on daily basis
if it goes below then it will go 1630 level
HDFCBANK Trendline Breakout in 15 minsHDFC Bank is expected to go up, as there is chance of trendline breakout in 15 mins. RSI is also hovering above 60. One can look for BUY in near time
HDFC BANK UPSIDE /DOWNSIDE TARGET in comming days/monthHDCF failure HH. and making double top
If sustain above lower trendline it may touched upper trendline & target will be 1840
Note: HDFC bank break out lower trendline & it make comes at 1542-1500 level in comming days/weeks. short time may go for retest of lower trend line than will go for downside.
This is only educational purpose only
HDFC BANK Long entry- PositionalHDFC BANK has taken support at 1600
Levels marked Trend line BO.
Use at your own discretion. Analysis is only for educational purpose
HDFC Bank trendline support & triangle patternHDFC Bank taking support at same trendline from last 1 year & making triangle pattern if give close above 1620 in coming days then can see some move in HDFC BANK.
But HDFC Bank & HDFC merger will be there in next month around 20 July if some negative news comes or selling from funds then HDFC Bank will not move in upward direction at all
