HDFC Bank class A divergence.HDFC Bank class A divergence seen on chart which is sign of reversal. It may reverse from here for target 1800,2100.
HDFA trade ideas
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
HDFCBANK: 3 Year Triangle BreakdownHDFCBANK broke down of its 3 year long Ascending triangle with a big red candle and high volumes this week. Can head down if the down momentum continues. Or it could bounce back next week and come back into the triangle to break upwards.
A Difficult Read on HDFCBANKHigh Ce Oi. But At A Gap Support. Difficult To Go Short. May Be If The Gap Breaks Then Plan A Short.
Counter Trend Trade Is To Go Long Upon Confirmation Only.
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.
HDFC Bank LtdHope all are good. Important points marked for HDFC Bank. Currently HDFC is downward trend and seeing a gap in the chart. Strong stock good time to acquire more stocks, it will go down to marked points and will reverse.
If you are planning to hold for long collect in all dips.
Current issues are not a problem for HDFC Bank.
Disclaimer: Only for education purposes do own research before investing in equity market.
HDFC BANKIt has Multiple bottoms, if it breaks we can see more down side fall , if it jumps back again it is good. above 1570 is good for long
HDFC Bank: Doji Formation on daily time frameHDFC Bank is trading near crucial support now. 1525-1535 will be important on closing basis. If Close & sustain below the mentioned levels, further selling can be seen.
HDFC BANK ANLYSISSince almost a year HDFC BANK is in a broad range between 1530 - 1760
Again price has come down to bottom of the range.
HDFCBANK Expecting a correction from here!!I think the impulse wave is now complete and we may see a correction from here which can go deeper as well depending upon the sentiment of the global markets in coming days.
NFA!!
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.
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.
HDFCBANK-Long Ideathis is based on volume profile & price action. Confirmation only on orderflow.
PS: There is a fundamental news which may affect the price movement
Crucial Level - HDFC BANKHi Investors..
Today we seen huge fall in HDFCBANK almost 5%
If you are an opportunist, I think you should not miss the Ganesh Chaturthi offer where we are getting flat discount on India's largest bank share price.
Important Levels
CMP 1563
Support1 - 1540
Support2 - 1480
Upside Level - Again 5-10%
% of Deliverable Quantity to Traded Quantity 77%
HDFC BankHere, is the daily time frame chart since we are tracking from last year....
and Had a fruitful results....
What's your view on HDFC bank?
Hdfc BankHdfc bank may have made a short term top at 1652.. Keep stop loss near 1656 closing basis for targets of 1615 & 1595..
Breakout and Pull backLower levels to add this stock are marked. Invest in SIP mode.
If today low is not broken than upside buying will be only above last candle high.
Maintain SL as per risk management
Consult your FA before investing.
HDFC BANK: ASCENDING TRIANGLEHDFC Bank is forming a beautiful ascending triangle with a long base. Breakout above 1750 will lead to Targets of 2700+. Stay invested. Also have a look at volumes
HDFC Bank - stuck up between 1669 & 1624.7
HDFC Bank made a recent high of 1669 marking its bullishness.
Risky players can buy at the CMP if last 1H swing high of 1624.7 is not broken. However, it may take some time to break the high of 1669.
Risk averse traders should wait for 1669 to be broken.
HDFC Bank - Short below 1661
HDFC is bearish below 1961, Let the hourly candle close below this and then sell. Buy again whenever it retraces back above 1603.75. Both the levels have been marked by white horizontal lines on the chart.
Please refer to my previous coverage on HDFC Bank. Link provided.
This is just for educational purposes. I am not a SEBI Registered Analyst. Consult your financial advisor before making any decision.
HDFCbank is still in rangeHDFCBANK
This giant is still stuck in a range and a tough resistance lies in the zone of 1702-1723.
On weekly chart, three white soldiers have appeared. So this can easily travel to congestion zone. A breakout above the congestion can fime further rally rally towards 2200.
HDFC Bank | Cup and Handle Long Term Trendline support at 1550
CUP and Handle breakout above 1720
Cup Height : 600 Points
Possible Target : 2000-2200++
with Strong Support at 1550 level.
