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HDFCBANK

HDFCBANK at an important levelNSE:HDFCBANK is an important stock as it has the power to really move the Indian broad market index, NSE:NIFTY . After some rather strong moves towards the end of last week, we can see it closing in on its next resistance (highlighted red) soon. With a strong Earnings reported over this weekend (double-digit growth), one of two possibilities emerge: Strong moves were due to favorable earnings expectations and it can be a "buy the rumour sell the news" scenario The momentum continues and we see some more positive moves ahead for HDFCBANK. If HDFCBANK is able to power through its coming resistances, it will become that much easier for NSE:NIFTY to be comfortable at higher levels, too.
NSE:HDFCBANK
by MarketsWithKR
HDFC BANK ::: A POSIBILITY18 JUL 2020 INSTRUMENT: HDFCBANK CMP: 1098.45 TIME FRAME: DAY EXPECTED TREND: LONG PRICE ACTION: EXPECTED GAP UP OPENING TARGETS FOR THE DAY ARE: 1103.52 1120.93 CHART ANALYSIS: THERE IS A STRONG RESISTANCE AT 1128 WHICH GOT REJECTED ON 09 JUL 2020. MY ANALYSIS: EXPECTING HDFCBANK TO COME BACK TO 1053 ONCE IT GETS REJECTED AROUND 1128 ON MONDAY. SAFE TRADERS CAN SHORT HDFC BANK BELOW 1079. RISK TRADERS CAN SHORT BELOW 1118 LEVELS STOP LOSS FOR BOTH WOULD BE 1128. RISK DISCLOSURE : Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
NSE:HDFCBANK
by ajithchand-bhandaari
2
HDFC BANK - Hammer Candle - Result announcement on 18th July#HDFCBANK Strong Growth in Deposits and Loans in street view. CASA is good. Since two day stock was closing below 20EMA but today closed above 20EMA with Hammer candle. Stock will be volatile due to upcoming quarter result. Today stock got support over baseline of ichimoku but still below conversion line. Showing Bearish result in Technical Parameter: CCI is treading down but showing reversal MACD is treading down above 0 RSI is treading down but showing reversal Stoch is treading down MFI is treading down ATR is decreasing since 3 day Short covering ---------------------------------------------------------- Support : 1000 and 959 Breakdown : 1031 LTP : 1062.35 Breakout : 1080 Short Target : 1100 ---------------------------------------------------------- Positive & Negative Point: 1) Neutral in Daily/Weekly while Bullish in monthly chart 2) Hammer candle 3) Relative Strength - sectrol index is increasing ---------------------------------------------------------- (Disclaimer: This is only for educational purpose and paper treading.)
NSE:HDFCBANK
by singajai
HDFC BANK at 200SMA Breakout - Mix indicator result - Next Level#HDFCBANK Q1FY21 advances stood at Rs 10,045 Billion vs Rs 8.297 Billion YoY. Deposits at Rs 11,895 Billion vs Rs 9,546 Billion YoY while CASA Ration at 40% vs 39.7% YoY which will help to make better operating efficiency of the Bank. Yesterday, Stock breakout the upper trendline but closed below 200SMA after hitting. Today open above but shown bearish movement and closed above trnedline. If NIFTY will bullish tomorrow then stock will hit 200SMA else it will move to down from trendline. Showing Mix result in all indicator: Increase in Relative strength - Sectoral Index MFI bearish CCI in overbought RSI is trending UP Stoch in overbought New Long ---------------------------------------------------------- Support : 1085 and 1068 Breakdown : 1093 CMP : 1105 Breakout : 1111 Short Target : 1122 and 1138 ---------------------------------------------------------- Negative Point: 1) HDFC Bank clarify about raising money via QIP/ADR and said news are purely baseless and speculative. ---------------------------------------------------------- (Disclaimer: This is only for educational purpose.)
NSE:HDFCBANK
by singajai
First Sign of Exhaustion in HDFCBANK ChartsToday in a very strong market, HDFCBANK opened with GAP UP but could not show much strength as it has been showing for a few days. On Hourly charts two Doji has been formed with long up wicks that indicates exhaustion. Tomorrow if price of HDFCBANK opens with GAP DOWN, this may create an island reversal (Speculative only and it depends upon Tomorrow's opening and high). If it opens with a gap down, then, there may be an exit or a short opportunity in HDFC Bank. Tomorrow if market opens strong but HDFCBANK opens weak, then, its time to exit long trades but, ideally, we should wait for the market to turn weak before shorting in this stock.
NSE:HDFCBANKShort
by Gann-Elliott-Trader