DATE - 12th March 2024.
HDFC Bank has breakout today with good amount of candle size and volume too.
Applied Concepts
Chart P. - Inverted H&S
Positive Order Block from Daily Time Frame and Previous OB of Monthly TF as shown in chart.
Only OB is not a good option so here we have applied FVG (Fair Value Gap) also, Price Action has successfully reversed...
here 2 nd wave is flat correction.
It seems it has completed its 3rd wave
and fourth wave has ended at the center line of
the base channel.
4 th wave appears to be zigzag.
Up side targets are shown in the chart.
In the negative sentiment prevailing it is very tough to have positive side for hdfc bank.
stop loss is must here though it is nota trading...
The 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.
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,...
Here, is the chart or projection of HDFC BANK for the future as usual as a part of update on our earlier projection....
I hope this will definitely help you a lot so we just expect your love by boosting our ideas to strengthen and energize to post such a valuable content for you guyz ..
use this as educational purpose...
HDFC Jumps to 1555 as we discussed in the last idea with Gartley Bullish... Bulls are Holding Strong.
Guess Who Hit the Bull's-eye? HDFC Zooms to 1555!
Just three months back, in the chilly vibes of January 2024, I charted the stars for HDFC. Like a trusty steed holding the fort, HDFC nestled snugly in the support zone of 1375-1390, only to spring up like a...
HDFCBANK :- The stock has tried to break the resistance many times on the daily time frame. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other...
The HDFC Bank extended decline today, after marking its biggest single-day drop since March 2020.In the last two days alone, HDFC Bank has corrected more than 12%.
This decline is fine but there's another picture to it which no one is talking about.
While there is so much panic among investors and traders but this panic can be a good investment...
HDFC Weekly Breakout after Divergence and Triangle Candlestick pattern breakout. A Candle with good volume shows that there may be a Bull side move in coming week also. Carefully trade this situation with stoploss, as this is a market and can turn any side any time in unexpected way.
Better paper Trade to learn the situations.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
HDFC Bank's Q4 performance has been applauded by many.
The amazing improvements in the deposit growth of the bank and improved fundamentals makes the stock look good for a medium to long term investment.
Here are the details-
CMP- 1524
Targets- 1580 (Short to Mid Term), 1600 (Mid to Long term)
Trailing Stoploss- 1465
Duration- Atleast 2-3 weeks, scope for long...
HDFC Bank Ltd on April 4 reported 1.6 percent growth in advances during January-March quarter of the financial year 2023-24. Total advances of the country’s largest private sector bank stood at Rs 25.08 lakh crore. Deposits grew 7.5 percent sequentially to Rs 23.8 lakh crore.
The numbers are not comparable year-on-year as HDFC Bank concluded the merger with...
