Hdfc bank closed at support till 1725 not break uptrend continueDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
HDFC BANK LTD SPON ADS EACH REP 3 ORD SHS
78.0USDD
−1.0−0.95%
At close at Jul 25, 16:15 GMT
USD
No trades
0A7I trade ideas
HDFCBANK // levelsAs of January 2, 2025, HDFC Bank Limited (NSE: HDFCBANK) is trading at ₹1,806.15.
Technical analysis indicates the following support and resistance levels:
Support Levels:
S1: ₹1,765
S2: ₹1,746
S3: ₹1,732
Resistance Levels:
R1: ₹1,797
R2: ₹1,812
R3: ₹1,830
These levels suggest that if the stock price falls below the immediate support at ₹1,765, it may find the next support at ₹1,746. Conversely, if the price rises above the immediate resistance at ₹1,797, it could encounter the next resistance at ₹1,812.
Additionally, the stock is testing support at ₹1,770. A downward breakthrough of this level could signal a negative trend.
Please note that stock prices are subject to market volatility, and it's advisable to consult financial advisors or use real-time trading platforms for the most current information.
HDFC BANK 15% UP?HDFC is on it's highest ever profit, revenue but the stock has been trading near these levels for the last 4.5-5 years.
Recently after, It's accumulation by MSCI Emerging Markets Index has breeched it's ATH.
The Stock might see a reversal from the prev. ATH.
Fib shows a great level to accumulate at CMP 1784, there might and should be a further pull back till 1720. The target according to the golden ratio is 2050.
Safe Investing!!
HDFC bank until 1725 not break uptrend continue levels on chart Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
HDFCBANK Support and Resistance LevelsAs of January 1, 2025, HDFC Bank Limited (NSE: HDFCBANK) is trading at ₹1,773.42.
Support and Resistance Levels:
Daily Support Levels:
Support 1: ₹1,769.23
Support 2: ₹1,757.22
Support 3: ₹1,748.83
Daily Resistance Levels:
Resistance 1: ₹1,785.43
Resistance 2: ₹1,789.62
Resistance 3: ₹1,797.43
These levels are derived from pivot point calculations and are crucial for traders to monitor, as movements beyond these points may indicate potential changes in the stock's trend.
Option and database trading An option chain, sometimes referred to as an option matrix, is a fundamental tool in the world of options trading. It provides traders and investors with a comprehensive view of available options for a particular underlying asset, such as stocks, indices, or commodities.
The most successful options strategy for consistent income generation is the covered call strategy. An investor sells call options against shares of a stock already owned in their portfolio with covered calls. This allows them to collect premium income while holding the underlying investment.
PCR Part 1PCR is based on three simple steps required for any DNA synthesis reaction: (1) denaturation of the template into single strands; (2) annealing of primers to each original strand for new strand synthesis; and (3) extension of the new DNA strands from the primers.
Assembly PCR – longer DNA fragments are aplified by using overlapping primers. Asymmetric PCR – only one strand of the target DNA is amplified. In situ PCR – PCR that takes place in cells, or in fixed tissue on a slide.
ADX in trading The average directional index (ADX) is a technical indicator used by traders to determine the strength of a financial security's price trend. It helps them reduce risk and increase profit potential by trading in the direction of a strong trend.
There are far too many fake breakouts that can leave traders trapped in a bad trade position. The ADX helps validate breakouts. That is, when the price breaks out with an ADX reading of above 25, it implies that momentum in the new direction can be sustained.
HDFC Bank Limited's stockAs of December 29, 2024, HDFC Bank Limited's stock (HDFCBANK) closed at ₹1,797.85 on the National Stock Exchange (NSE), marking a 0.34% increase from the previous close.
MARKETWATCH
The stock is currently trading below its 52-week high of ₹1,880.00, reached on December 9, 2024.
For the upcoming trading sessions, key support and resistance levels have been identified based on recent price movements:
Support Levels:
S1: ₹1,790.97
S2: ₹1,781.00
S3: ₹1,773.00
Resistance Levels:
R1: ₹1,806.00
R2: ₹1,815.00
R3: ₹1,823.00
These levels are derived from pivot point calculations, which are widely used to determine potential turning points in the market.
EQUITY PANDIT
Additionally, technical indicators provide further insights:
Relative Strength Index (RSI): 50% (Neutral)
Price/Sales Ratio: 6.43
Price/Book Ratio: 1.98
These indicators suggest a neutral outlook, with the RSI indicating neither overbought nor oversold conditions.
YAHOO FINANCE
Please note that market conditions can change rapidly, and it's essential to consider multiple factors when making trading decisions.
Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
Option trading When options are better. Options can be a better choice when you want to limit risk to a certain amount. Options can allow you to earn a stock-like return while investing less money, so they can be a way to limit your risk within certain bounds. Options can be a useful strategy when you're an advanced investor.
You don't need a considerable sum of money to become an options trader. You can start small with a capital of less than Rs 2 lakhs too. However, as you start small, you need to be a careful trader so that you can cut down on the possibility of losses and enhance the return potential of your trades.
technical analysis in tradingTechnical analysis seeks to predict price movements by examining historical data, mainly price and volume. It helps traders and investors navigate the gap between intrinsic value and market price by leveraging techniques like statistical analysis and behavioral economics.
What are the best technical analysis indicators for day traders? The best technical indicators for day trading are the RSI, Williams Percent Range, and MACD. These measurements show overbought and oversold levels on a chart and can help predict where a price is likely to go next, based on past performance.
HDFCBANK Levels As of December 26, 2024, HDFC Bank's stock (HDFCBANK) closed at ₹1,798.10. The stock has been trading below its 52-week high of ₹1,880.00, reached on December 9, 2024.
Technical analysis indicates the following support and resistance levels:
Support Levels:
₹1,777
₹1,763
₹1,746
Resistance Levels:
₹1,808
₹1,826
₹1,840
These levels suggest that if the stock price declines, it may find support around ₹1,746 to ₹1,777. Conversely, upward movements may encounter resistance between ₹1,808 and ₹1,840.
Additionally, pivot point analysis provides the following levels:
Daily Pivot Points:
Pivot: ₹1,794.50
Support 1 (S1): ₹1,777.00
Resistance 1 (R1): ₹1,808.25
Weekly Pivot Points:
Pivot: ₹1,802.83
Support 1 (S1): ₹1,735.72
Resistance 1 (R1): ₹1,838.62
These pivot points can serve as additional indicators for potential price movements.
It's important to note that trading volumes have been below the 50-day average, which may influence price volatility. For instance, on December 26, 2024, the trading volume was 5,240,839 shares.
Please remember that stock prices are influenced by various factors, and past performance does not guarantee future results. It's advisable to conduct thorough research or consult a financial advisor before making investment decisions.
HDFC Bank1) HDFC Bank is in higher high and higher low structure.
2) HDFC Bank is a strong stock as its chart pattern suggest.
3) It has already breakout its resistance and all time high as well
4) It is retraced back to its 50EMA and its support breakout point.
5) It has RS positive.
Buy- 1815, SL - 1764
TGT - open
Adx part 1The ADX quantifies trend strength by measuring directional movement over a given time frame. It provides traders with specific numbers (from 0 to 100) that represent strong or weak price trends. Traders can simply refer to the numbers to quickly assess the strength of a trend.
ADX below 20: Non-trending or consolidating.
ADX crosses above 20: A new trend may emerge.
ADX crosses 25: Confirmation of the trend.
ADX above 40: Strong trend.
ADX crosses 50: Extremely strong trend.
ADX crosses 70: A rare occasion.
HDFCBANK Support & Resistance As of December 26, 2024, HDFC Bank Limited (HDFCBANK) is trading at ₹1,809.30. For intraday trading, the following support and resistance levels have been identified:
Daily Pivot Levels:
Support Levels:
S1: ₹1,798.78
S2: ₹1,788.87
S3: ₹1,779.63
Resistance Levels:
R1: ₹1,817.93
R2: ₹1,827.17
R3: ₹1,836.42
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
Revered from B Leg, Will it Form a Shark?HDFCBANK, A major contributor for NSE: NIFTY50 may see a little downfall considering harmonic analysis on Daily, Weekly Time Frames.
At this Juncture Let us consider Daily Time Frame, and as drawn on charts it is about to form a Bullish Shark Pattern which is reversed from B Leg.
Expected Behavior can be as represented in Red Color path.
As price comes down from 1775, Price may reach to 1690.80 which is PRZ1 Level.
on Weekly Time Frame(WTF), Price is expected to reach 1425-1400 Levels as major shark pattern completes its D Leg.
HDFCBANK Support & Resistance HDFC Bank has a hierarchical organizational structure that categorizes employees into different levels based on their roles, responsibilities, and experience. These levels typically include the following:
1. Entry-Level
Roles: Customer Service Executive, Sales Officer, Relationship Officer, Teller.
Focus: Frontline banking operations, customer service, and sales.
Typical Qualifications: Graduates or MBAs with 0-2 years of experience.
2. Junior Management
Roles: Assistant Manager, Deputy Manager.
Focus: Supervising teams, basic managerial responsibilities, and operational oversight.
Growth Path: From entry-level positions through internal promotions or external hiring.
3. Middle Management
Roles: Manager, Senior Manager, Branch Manager.
Focus: Leading teams, managing branch operations, and achieving business targets.
Responsibilities: Overseeing customer relationships, ensuring compliance, and mentoring junior staff.
4. Senior Management
Roles: Regional Manager, Cluster Head, Zonal Head.
Focus: Overseeing multiple branches or regions, strategic planning, and business development.
Responsibilities: Driving profitability, high-level decision-making, and coordination between departments.
5. Executive Management
Roles: Country Head, Group Head, Executive Vice President.
Focus: Shaping the overall business strategy, governance, and leadership.
Responsibilities: Company-wide decision-making and aligning operational goals with the bank's vision.
6. Top Leadership
Roles: Managing Director (MD), Chief Executive Officer (CEO).
Focus: Overall governance, steering the organization, and stakeholder management.
Responsibilities: Accountability to shareholders, regulatory bodies, and aligning the organization with market trends.
HDFC Bank also promotes a culture of internal growth and provides numerous training and leadership programs for career advancement. The exact titles and levels may vary slightly based on the department, such as retail banking, corporate banking, IT, or risk management.
Keep eye on this share. It's, After long, long year wait this year. cross his resistance. and now seems to be. retesting if if in this stage found any bullish candle this sign is showing to no go further down S. Wait for any bully scandal. This is the critical stage. where this. shear cross. resistance after long waiting time. So this stage can stage can be support for future.
HDFC Bank Trade Setup on the Daily Chart📊 HDFC Bank Trade Setup on the Daily Chart 📈
Here's an interesting long trade setup for HDFC Bank:
🔹 Entry : 1771
🔹 Take Profit : 1881
🔹 Stop Loss : 1742
This trade aligns with a confluence of technical factors:
1️⃣ Fibonacci Retracement🟠: Price is bouncing near the 0.5 retracement level, signaling potential support.
2️⃣ EMA 50 🟡: Acting as dynamic support, strengthening the probability of a rebound.
3️⃣ Historical Resistance-Turned-Support 🟢: Price is testing a key zone previously broken.
Risk-to-reward ratio looks favorable for a swing trade. Keep an eye on how price reacts to this critical level.
💬 Share your thoughts in the comments!
HDFCBANK Support & Resistance To determine the support and resistance levels for HDFC Bank (as of now, in December 2024), we would typically rely on technical analysis methods such as identifying recent swing highs and swing lows, using Fibonacci retracement levels, and observing moving averages and chart patterns. These levels change frequently, depending on market conditions, but I’ll provide a general guideline on how to calculate these levels and some typical support/resistance points that might be relevant.
How to Find HDFC Bank's Support & Resistance Levels:
Swing Highs and Lows: The most basic form of support and resistance is identifying the points on the price chart where HDFC Bank has recently bounced (support) or reversed down (resistance).
Support: Price level where the stock finds buying interest and reverses from a downtrend.
Resistance: Price level where the stock finds selling pressure and reverses from an uptrend.
Fibonacci Retracement Levels: Fibonacci retracement is a powerful tool to predict possible support and resistance levels. Typically, the key levels are:
23.6%
38.2%
50%
61.8%
These can be drawn by taking the most recent significant swing low and swing high (or vice versa) on the chart.
Moving Averages: Key moving averages like the 50-day, 100-day, or 200-day can serve as dynamic support or resistance levels. If the price is above the moving average, it often acts as support, and if the price is below, it often acts as resistance.
Psychological Levels: Round numbers such as ₹1,500, ₹1,600, ₹2,000, etc., often act as strong psychological barriers.
Volume: High-volume areas in the past can act as strong support/resistance zones.