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HDFC Bank Ltd. (ADRs)HDFC Bank Ltd. (ADRs)HDFC Bank Ltd. (ADRs)

HDFC Bank Ltd. (ADRs)

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HDFC Bank Looks BearishAs per Technical Analysis and OI data HDFCBANK Looks bearish if its break support of 1668-1665 level then we can see 1640,1620 level. if anyone is ready to Take Position then i have identified 2 Entry Level in this. 1) Hedge Position. Buy HDFCBANK Aug 1700 CE Near 34-35 and sell HDFCBANK Future below 1688, Stop loss 1705, target 1670,60,55 Investment Required - 48000 Maximum Loss - 6800 Profit Upto - 13000 2) Option call Buy HDFCBANK 1650 PE near 17, SL 13, target 25,27,30 Investment - 9400 Maximum Loss - 2200 Profit Upto - 7150
NSE:HDFCBANKShort
by PrachiMetha
HDFC BANK BREAKOUT ON MONTHLY CHART HDFC Bank has given a breakout on the monthly chart, and there are chances for more upside. This analysis looks at the technical indicators and the broader market conditions to assess the potential for further gains. Analysis: The monthly chart for HDFC Bank shows a clear breakout from a consolidation pattern that has been in place since 2020. The breakout was accompanied by a strong volume spike, which is a bullish sign. The price is now trading above the 200-day moving average, which is another bullish indicator. The broader market conditions are also supportive of further gains for HDFC Bank. The Indian stock market is in a bull market, and the banking sector is one of the leading sectors. HDFC Bank is the largest bank in India, and it is well-positioned to benefit from the growth of the Indian economy. Key Trends: Breakout on monthly chart Strong volume spike Price above 200-day moving average Bullish market conditions Targets: 1725 1800 1900 Risks: The market could correct in the short term. HDFC Bank could report weak earnings. There could be political or regulatory changes that could impact the banking sector. Conclusion: The technical indicators and the broader market conditions are supportive of further gains for HDFC Bank. However, there are some risks that investors should be aware of. Overall, HDFC Bank is a good stock to consider for investors who are looking for exposure to the Indian banking sector.
NSE:HDFCBANKLong
by TRADING-NASA
HDFC Bank - Bullish sentimentsThis is a continuation form the previous HDFC bank trade which have given an exceptional return. Congratulations to all who followed. So here it seems that HDFC Bank is following a channel & is in a continuous upward trend. Given the fundamentals & market scenario it should touch the last month high fairly quickly. Needless to say, there is a possibility of breaking down within the channel, most likely to the lows of last 2 months (either) and then bouncing back to ATH.
NSE:HDFCBANKLong
by Akshay_bansal
HDFC Bank: Black Swan Pattern & Trendline SupportIn this analysis, we will delve into the chart of HDFC Bank on a daily time frame and examine key indicators and patterns to provide insights into the stock's current situation. Notably, we will explore the presence of a potential black swan harmonic pattern, trendline support, RSI trendline support, and the stock's current RSI reading. Black Swan Harmonic Pattern: The black swan harmonic pattern (in red color) is a specific pattern based on Fibonacci ratios that traders use to identify potential price reversals or trend continuations. It is important to clarify that the term "black swan" in this context refers to the name of the harmonic pattern and is not related to the concept of unforeseen events. The black swan harmonic pattern is characterized by specific Fibonacci retracement and extension levels and can indicate potential turning points in the price of a security. There is a presence of Gartley in blue color. Trendline Support: On the chart of HDFC Bank, we observe a robust trendline support. Trendlines, drawn by connecting significant lows or highs, often act as areas of support or resistance. The presence of reliable trendline support suggests that the stock has historically found buying interest at these levels, potentially providing a cushion against future price declines. RSI Trendline Support and Reading: The Relative Strength Index (RSI) is a widely used momentum indicator that measures the speed and change of price movements. In the case of HDFC Bank, the RSI exhibits a supportive trendline, indicating consistent buying interest that helps maintain the stock's momentum. Additionally, with the daily RSI hovering around 41, it suggests that the stock is neither oversold nor overbought, leaving room for potential further price movement. Trade Setup: Based on the analysis of the chart and the potential black swan harmonic pattern, a possible trade setup could be as follows: Entry: 1603 Target 1: 1641 Target 2: 1690 Stop Loss: 1575 Conclusion: In conclusion, the detailed analysis of HDFC Bank's chart on a daily time frame reveals several notable aspects. The presence of a potential black swan harmonic pattern, combined with trendline support and RSI trendline support, suggests a unique trading opportunity. It is important to clarify that the term "black swan" in this context refers to the name of the harmonic pattern and is not related to unforeseen events. Traders should use this pattern along with other technical and fundamental analysis tools and implement proper risk management strategies to make informed trading decisions.
NSE:HDFCBANKLong
by yaashul