HDFCBANK trade ideas
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...
HDFC bank tomorrow we can see 2-3% upmove ,1399 holding buy longWe are holding oong term buying from 1399 , tomorrow we can see 2-3 % upside move
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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Go long on HDFC Bank after break out of 1750!!!T1-1800
T2-1900
T3-2000
With in 3months
Its only for Education purpose.
Breakout in HDFC BankHDFC Bank(CMP 1696) is trading in a narrow range from 3 years. Above 1750 confirmation of a breakout.
Bullish with target of 2300-2500 and Stoploss 1550
HDFC BANKThe chart is self-explanatory and shared for educational purposes. HDFC BANK stock has broken its 200-150 moving average. Although there was a small correction from the 150 MA, it could have been a false breakout. Anticipating financial results and considering the trading pattern above the moving average, there is a high possibility for a long trade.
HDFC LONGIndia's biggest Private Bank - HDFC BANK showing a very good structure and breakout shown for upside.
Can go LONG now by targeting 1700+.
Possibility of going more in few years.
HDFC BANK TAKING SUPPORT , READY TO REBOUND The stock has taken a crucial support at the 1364 levels and is expected to rebound strongly form here , moreover the stock has traded in a narrow range or a channel formation since january 2021 , it can give more than 26 % returns in no time , also there has not been and significant impact on the PAT which further enhances the reliability
also the RSI LEVEL IS 31 WHICH SHOWS THE STOCK IS IN OVERSOLD ZONE
Shorting Oppurtunity for HDFC BankHDFC Bank travelled a long way from the bottom, It dont have any intention of breaking out the 1.38 Fibbo, There seems a strong resistance on the chart on these levels, especially Rs.1710 Range. Once this level is not breaking then, there will be a trace back till 0.38 Fibbo (i.e Rs.1550.
HDFC BANK 1HRINTRADAY TRADE
- EARN WITH ME DAILY 10K-20K –
HDFC BANK Looking good for Downside..
When it break level 1701 and sustain.. it will go Downside...
SELL @ 1701
Target
1st 1691
2ND 1685
HDFC BANK JUL FUT – LOT 6 (Qty-3300)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
ANY QUESTION RELATED...ASK ME..
@TradingView
Technical analysis Vs Prafull Billore curse on Big DAdy Banks joined the party , just few weeks ago only so.it's high time for the BIg Daddy to move up , on the verge of breaking out on the positional levels, today it tried but come down in red but surely on weekly basis it will , but the Prafull Billore sir tweeted about market going more up.so.look for that too , Happy Trading
hdfc sell tradehdfc on support making a flag an pole in 15 min timframe so it will a huge swing trade
take at your risk set stop loss as per your wish \
and a short biuild up forming
a ina hdfc bank and banknifty is also making strecting withount any pulback it might be a crash inn hdfc as per chart
you can also check asper you knonwlege
Amazing breakout on Weekly / Daily Timeframe - HDFCBANKCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
hdfc bank bullish butterfly- trading below S1 so the profit will be more
- 19th feb formed inverted hammer and the following candle moving up side so it makes the
trend reversal
- volume also has increased
this analysis is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
