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HDFC Bank Limited

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HDB trade ideas

HDFC Bank - Recovery Possible after two days from here You can see that two triangles have been drawn consecutively and adjoining them is a sky blue coloured trend line. 1. The low of 22nd September once formed will not be broken. When I say low of 22nd September it doesn't mean low already formed on the last day, A day has 24 hrs and we are open for trade only for 6hrs 15 mins in a day. More over, below the last daily candle formed there is a gap, which will serve as a solid support. So, whatever low is formed in the next three days, i.e. Tuesday will give firm base. There will be recovery from here till 29th September 2023; so be careful on 29th September. On 1st October 2023. the price is supposed to touch this line for upwards swing and after making base on 2nd and 3rd onwards, from 4th there is likely to be recovery invoke. In between there could be some holidays, please ignore them. I am not a SEBI Registered Analyst, this is just for educational purpose. Before, making any decision, please consult your financial advisor.
NSE:HDFCBANK
by rekhi567
Is this right time to take a position in third most valued stockThe third most valued stock in Indian market HDFC Bank Ltd, LTP ₹1529 as on the date 22/09/2023. The reason behind dragged the stock down trend because of institution & analysts forecasting decline in estimates revenue for FY24&FY25 due to a fall in the Marge’s bank net worth and accounting changes, increasing NPLs for the merged entity (HDFC AMC), a fall in net interest margin and weakness in return on asset(RoA). As per technical parameters currently stock is trading in very important zone’ As of now trend is Neutral and it’s price hold above a very strong support zone, So a 7.5-9% moves possible only when it enter in trend as well as break important levels. As per my technical understanding if price hold above 1516.56 level on closing basic then only long positions can be carry. Other wise if the stock break 1500 level then down trend upto 1400/1350 can be possible. And one more thing remember that price also going to touch the 200 EMA in this 1400-1350 zone if it take a hold above 200 EMA then also it’s good price for go long. And upside move only possible if price hold above 1560 levels then upto 1700 moves possible. It’s not a recommendation for any buy/sale. But as of now a small swing trade possible buy above 1516.65 and took a SL below 1514.17 only for risk takers. Thank you everyone Good luck traders
NSE:HDFCBANK
by SnehasishBera
HDFC Bank🔹 Technicals: ▸ Price got rejected from the previous resistance zone. ▸ It has closed below 200 EMA, which is long term moving average. ▸ A closing below 200 EMA indicates weakness and that the sellers are in control. ▸ If it manages to bounce from here, then we can see 1600, 1700 in the mid-term. ▸ If the demand zone gets violated, then the buyers will be in trouble. We can expect 1400, 1300 in that case. Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
NSE:HDFCBANK
by aditichawla
HDFCBANK - Near Important Support ZoneNSE:HDFCBANK offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. Positives: Company with high TTM EPS Growth Good quarterly growth in the recent results Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Efficient in managing Assets to generate Profits - ROA improving since last 2 year Increasing Revenue every Quarter for the past 4 Quarters Company able to generate Net Cash - Improving Net Cash Flow for last 2 years Annual Net Profits improving for last 2 years Book Value per share Improving for last 2 years Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Negatives: MFs decreased their shareholding last quarter Decline in Net Profit with falling Profit Margin (QoQ) Declining profits every quarter for the past 2 quarters Weak Momentum: Price below Short, Medium and Long Term Averages NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
NSE:HDFCBANK
by babutaaniket
8
HDFC Bank Simple Price Action AnalysisNSE:HDFCBANK has created a Bearish Diamond Pattern in the Weekly Chart. Ideally, the Price should go down once the nearest Support Breaks and retracement happens. But trading in futures and Options is inherently Risky and one should avoid it. This analysis is for educational purposes only. Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
NSE:HDFCBANKShort
by priceissupreme