HDFA trade ideas
HDFC BANK NSEDATE - 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 from FVG and gave confirmation for potential upside movement.
Targets
1st Target as per Chart P. is 1555 Rs.
and Further upside Target as per OB and FVG is 1700+.
Thank You!
Have a Good Day.
HDFC BankSuper Weak Performance among leading banks in recent week...
Results out after friday trading sessions..
Strategy sell on rise...
Important reversals marked...
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HDFC BANKresults where not as but come as expected not analyst estimate the predict the values based on financial modelling which has no co relation with trading the current price and levels decide the psychology of buyers and sellers so i think the stock will go up either monday or on budget day so best to take a ce of it on monday at 10 am/ buy positions target is not decide as i think the up trend is for short time.
1670 target can be consider otherwise
HDFC BANK - Wave 5 CandidatePotential Wave 5 Candidate.
Please note: I am not a SEBI registered analyst and this should not be considered as an advice to buy or sell.
Before taking any financial decision , please consult your advisor.
HDFC BANK ready to shootHDFC Bank demonstrated its potential last month by regaining its previous high levels. Currently, it is retracing to previous highs, indicating a confirmed buy zone. The buying levels are indicated on the chart. It is anticipated to begin a rally towards the 1900 target from this point. Investments are generally safe when made at the correct buying levels. By buying and holding for 1-2 months, returns of 18-20% are expected.
HDFC BANK StockHDFC BANK /BEST TIME TO BUY FROM 1620 RS
In this stock there are seven times to attempt for breakout but it's not sustained now it's came down at our 50% level of fibbo . If here hdfc sustained then we will see good move from 1620 to 2000
HDFC bank bought at 1398 booked at 1750 down Target 1570, 1530Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
HDFC BANK 1D now it is showing signs to of boom boom HDFC Bank is showing a long-term ema golden crossover in the one-day chart, indicating a trend reversal. It can show big targets as soon as it crosses the level of 1722. ill update it time to time
Hdfc bankHDFC might comes down into the weekly fvg, below the current price, and then it will go upside, this is just my view, dont buy/sell just by seeing my view, plan accordingly to your view and risk management, this was not an financial advice.
HDFC at Accumulation Zone - BUY around 1420 with SL 1375 After a heavy correction, HDFC has taken a good support near1430 - 1380 zone.
Target 1 - 1720
Target 2 - 2120.
SL - previous low of 1375. Risk reward will be good.
Only for Educational purpose. Do your own analysis.
HDFC BANK FOR A RUN!HDFCBANK is currently at INVERSION FVG and as we a support there, prices will smoothly run for all time highs again.
EARNINGS will be a driver for the stock.
BANKING MAJOR COMPLETES RETEST.India's biggest bank finally broke out after months of correction and consolidation. Lot of news and investment expectations boosted the stock for new breakout but a green candle was nowhere to be found for strong close after huge gap ups and hence stock corrected down to its supports. NSE:HDFCBANK is finally ready to continue its upmove after completing its retest.
Hdfc 1D TF buy From recent rally it was retraced reached at .618 level... looking like taken support at this level...
HDFC BANK: Need to hold the range 1600-1675After sharp selling from YH3 1790 , drawdown of -182 i.e -10.25%, NSE:HDFCBANK need to hold the range 1608-1675 and trade above 1675 for buullish momentum to continue.
Failing to hold 1600-1608 can see intermediate support of 1545/1525 downside. If took support from 1545-25 and trade above 1675 ,will be a better confirmation to continue bullish momentum..
With Union Budget to be presented on July 23 2004 ,it may consolidate in between 1608 and 1675.
Also need a positive Q1 result , that is likely to be announce on July 20-22.
Repeating patterns, Wave Theory, Conclusions I have made efforts in Explaining the Wave Theory how we decoded it
We made efforts in decoding the wave theory in way that suits us always in the winning trades
I have explained part of it here in order to give you an understandable visual pattens
The data what we work as Technical analysis have to be understood in all aspects of market and
economy too
I hope this small video gives you insights of how market makes people to lose their focus and then play the Game
If you have any Questions i will try to answer it
Thanks
HDFC BANKIts main support level 1600 and if it reverses at that level a good buying can be seen. On weekly Tf the resistance would be 1680-1700. If a weekly candle sustains above 1700 new highs can be observed.
HDFC BANKAlmost oversold
At strong support area
1610 -1630 can act as stop n reverse area
VPA theory matches the analysis
Can go long with SL below 1590 with tgts near 1740-1800
#HDFCBANK BREAKDOWN 08/07/2024How to trade HDFC Bank Stock after its Fall 05/07/2024
HDFC BANK the stock is holding above its 50-day moving average, the big traders or specialist remains positive on the other side showing resistance at 1700.
After such a sharp decline, HDFC BANK is likely to find support their is high possibility of a bounce back from the mentioned support levels.
On the higher side, Immediate resistance is at 1700 and the next crucial resistances are at 1740 and 1790-1800 levels.
The overall structure of the stock seems to be bullish, and buying on dips will be the ideal strategy in this counter. Coming to the levels 1600 will be a good bargain price where short-term traders can enter the stock. The immediate targets for the stock are around 1720 on the higher side
L E V E L S:-
Resistance-1700,1720,1740
Support-1600
Bullish on HDFC Bank! Long-term outlookHDFC Bank: Promising Long-Term Potential. Based on current trends, there's a possibility of reaching ₹2000 in the long term.
Disclaimer : I cannot provide financial advice. These rewrites are for informational purposes only.
Hdfc Bank Date 05.07.2024
Hdfc Bank
Time frame : Weekly
Remarks: Look at strong resistance band at 1720, which stock is unable to close above since 2021 on weekly time frame. That gives us big hint that close above this zone on weekly time frame is big breakout, obviously with proper risk management.
The internal resistance/support trendline worked beautifully & for future as well extend that to estimated next resistance zone. There's 50% zone marked for incase any retracement till there then we can try btst trade.
Rsi also worked beautifully the breakout + overbought zone confluence helped in strong rejection.
Regards,
Ankur
HDFC Bank Fails the breakout: Importance of Following DisciplineNSE:HDFCBANK has failed its breakout. This is why it is important to wait for confirmation/follow your discipline. Do not rush in trades. Always maintain stop loss and respect price.
