HDFC 1D TFHere's the chart analysis of HDFC BANK on 4H TF. Please take trade according to the Global cues and Markets sentiment.
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HDB trade ideas
HDFC BANK - A long tradeHDFC BANK has been consolidating for a long while near its resistance areas. This is showing that the sellers are losing their grip on the supply zone and buyers are willing to push the stock ahead and change the market structure.
The breakout has not yet happened but the signs look positive hence keep it on your radar.
Disclaimer - Please take positions as per your risk appetite and also do not put all your capital in one trade. I am not responsible for any loss or profit that comes along with the trade. Please do your due diligence as well. Just sharing my thoughts and setups as per my 4 years of experience.
Will be updating when the trade triggers and giving the Stop loss and Target areas.
HDFC BANK triple top 1725 Bearish Engulfing on Monthly ChartsHDFC Bank has reversed from 1725 third time & it has almost made a bearish engulfing candle on monthly charts could this leader be the laggard of this rally.
We are not SEBI Registered Advisors. This Chart is purely for training and educational purposes. We shall not be responsible for your profit or loss. Please confirm with your investment advisor.
HDFC BANK PV ANALYSISI do Price-Volume analysis of HDFC Bank alongside BankNifty and HDFC to gauge what is going on with the chart structure.
Basics of share market video no. 7Doji and spinning tops are kings of trend change, they offer us a clear trend of what market will do next
HDFC bank - to lift the BN in days to come As expected from my yesterdays post, HDFC bank did not break yesterday's low of 1595 levels and is expected to move higher to 1627 levels and 1635 levels in the near term and upon daily close above these levels one can expect for the retest of the previous swing high. For all longs, Strict SL is 1590 levels.
is HDFC Bank ready for the breakoutHDFC bank has retested the support and is ready to breakout is my humbly opinion. can anyone confirm this with other technicals.
HDFC Bank looks good for buying.HDFC Bank took support on the channel trend line & it has retested the previous trend line breakout.
HDFC twins rejected from breakout levelsDaily charts have formed lower lows on closing basis. Very important supports look 1530 (hdfc bank) and 2500 (hdfc).
Clear rejection from breakout levels. View will be invalid if we get a close 1680 and 2800.
Use discretion!!
HDFC Bank long term buy opportunitiesDraw a pitchfork or a parallel channel with the lows of Feb 2009 at the center of one end, and the approximate price range of Jan 2017 at the center of other end. Why Jan 2017? Because post this the price moved out of the ascending channel with great volatility. So the ascending channel thus created is our conservative rate of growth for HDFC Bank stock price.
Personally I have created a regular pitchfork using the monthly candle closes of around 2015 highs and 2016 lows.
Now if you notice the price moved down with great volatility during March 2023 due to Covid scare, and the beautiful part is that it found support at the bottom end of our conservative ascending channel (talking about the blue line which corresponds to 1 for the pitchfork, the purple and peach colored lines are extensions 1.5 and 2.5. The price just exceeded the blue line by a bit, but if I draw the 1.25 extension, it is perfectly where the price made the low amidst extreme volatility on March 2020. Magic!
Notice the way price treats this conservative ascending channel post March 2020 as well. It's beautifully respected in my opinion.
Should price come back down with great volatility, I would expect it to at least show good reaction on the bottom end of the conservative ascending channel (blue line) or the 1.25 extension of the pitchfork!
Now again, I don't know if price would come down, but should it come down near that region, I would expect a reaction as I have explained above.
Now looking at volume profile of price between May 2017 and Oct 2020, we can see that the POC lies around 1058. and looking at the volume distribution in this price range, we see that between 920 and 1150, we have a market acceptable price of the stock (just another way of saying Value area). Should price come down and get accepted within this range, then it could rotate down to the lows of the range at 920.
But, price getting accepted in this range is different from price making a fast move somewhere into the range and going back again. For acceptance the price needs to linger around below this range high and gradually it could go down to the range low.
Now, price could just find support on top of this old range, and consolidate there, while dipping into the range touching the POC and moving back out.
Also, the golden pocket of the fib pull from March 2020 low to all time high, shows the golden pocket in between 1077 and 1120.
The fib pull from 2009 low to all time high, also shows the 0.382 in the same region.
We also have the conservative ascending channel in the same region, and depending on with what volatility the price approaches the ascending channel, I would look for reaction on the top, middle or bottom of the channel.
Now, I don't know if price would ever go that far down, but should it go down there I know it's a region of support and won't panic because I am prepared. Could it go further down from there also? Yes absolutely, depending on the macroeconomic environment and world events like the war in Europe, things could go south. Could price just start making new all time highs from tomorrow and we never even get to 1400 again? Yes that's also possible. We cannot predict where price will go from here. We can only try to predict what could happen if price goes to certain levels. We can't predict that for all levels either, only for certain levels of high confluence.
Final verdict, if price goes to 1050-1120, I would be eager to buy, barring any extreme world events.
HDFC BankAfter analyzing HDFC Bank's stock, there are indications that a potential breakout may occur shortly.
However, it's important to note that stock market investments come with inherent risks, and accurately predicting breakouts or price movements is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
hdfcbank hdfcbank yesterday hit 2nd target and bounced...
still no buy till it breakout from falling red band
HDFCBANK broken down the triangleHDFCBANK broken down the triangle
immediate hurdel 1670-75
downside support near 1640 and than 1620
HDFC BANKHDFC BANK looking good for a long , with just 3% of SL max and a good reward if goes as expected , SL is tight and small and am expecting the bank to make new all time highs very sooner
HDFC Bank - Chart Pattern Observation 2Candlestick Chart Pattern - Shooting Star
Relevance - It is a reversal pattern after a bullish/bearish momentum gets exhausted in the market.
The above chart is for observation and learning purposes only.
HDFCBANK - #intraday Chart Analysis || 9th May,2023 #stocksAnalysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 9th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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HDFC BANK - an observation on a weekly timeframeThe fall on Friday (5 May 2023) was a news driven event. Need to see the price action and how it shapes up during the week going forward.
Might see price consolidation between 1625 and 1725. Breakout and close above 1725 would be create an upward momentum.
Support around 1560 - 1500.
Bullish over long term. However, always keep a strict stop loss between 5-8%.
Note: Personal analysis. Not a buy/sell recommendation. Do consult your registered financial advisor.
HDFC BANK POSITIONAL BREAKOUTHDFC bank is looking very bullish after giving a close above resistance of a parallel channel after 29 months so we can consider it is a bullish breakout on monthly candle closing basis, later on this chart you can see that it retested it's previous breakout zones too successfully so I consider it is positional breakout on monthly chart and plotted a Rising resistance for getting an idea what targets we can see in coming months and it is near about to 2000-2050 zones in trade we can take a stoploss of 1590 levels below close on monthly candle basis, seems a good risk to reward positional trade on a very strong fundamental stock.
TARGET AND STOP LOSS
𝑵𝑶𝑻𝑬- 𝑶𝑵𝑳𝒀 𝑭𝑶𝑹 𝑬𝑫𝑼𝑪𝑨𝑻𝑰𝑶𝑵 𝑷𝑼𝑹𝑷𝑶𝑺𝑬
HDFC BANK shortHDFC bank is looking good for a short , short to medium term swing trade , with small SL just above the candle , need breakdown and price has to sustain below supports of 1670, RR looks good and banknifty looks overheated
hdfc bankhdfc down side target 1550
hdfc bank complete 5 wave upside and correction start wave a,b,c
HDFC BANK chart studyHdfc bank spot cmp 1720
Last two swing high for the counter on weekly time frame are around 1725 and 1722 levels, from where counter have faced some selling pressure .
Current price also in same supply zone, if we get weekly close above 1725 levels, and a follow through, counter can move on to new bullish zone.
If fails to move above 1725 or sustain above 1725 levels, reversal from current levels possible.
keep watch
NEW HIGH IN HDFC !!Backed up by Outperforming results, HDFC bank on its way to make new highs
Mixed Global cues does not affect our banking space anymore
US banking space falling down ,meanwhile our bank nifty giving a good rally
This trend is most likely to continue.
