HDFC Bank: The highs and lowsThe price is about to pivot after remaining in the range 1756.30 and 1272.80 since the year 2021. The management is beginning to communicate better with the public hence dispersing extant fears.
You would notice from the chart that the current unfolding price pattern is similar to the price structure in the rectangle. There’s a high probability that the price will reverse as it did at point A.
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HDFCBANK
HDFC Bank breaks all time highHDFC Bank has moved to break ATH since the last update on April 19, 2024. This adds confidence to the idea that the bulls have control.
Have adjusted the count a bit as it seems to nesting in a 1-2 1-2 pattern.
This one was a very low risk to reward trade, and has been playing out beautifully if you followed the plan as laid out in 18th January post.
Shall update as price further develops.
Thanks for reading!
HDFCBANK: A technical outlookThe chart is pretty self-explanatory as always :)
What do you make of this price action?
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HDFC BANK _ Next Target is 1994 rupees (0.6 Fibonacci Extension)HDFC Bank is approaching its all-time high. If it Breakout above the resistance level, HDFC Bank could reach a New All-Time High, with the first target at 1994 rupees (0.6 Fibonacci extension level). The second target is 2385 rupees (100% Fibonacci extension). This is a Long-Term projection, so it is important to follow trend continuation techniques.
I want to help people to Make Profit all over the "World".
HDFCBANK 1700 CE 25th July 2024HDFCBANK 1700 CE 25th July 2024
1. Spot Analysis:
- HDFCBANK is currently near its one-year high and is trading with good volume.
- The latest tick shows a price rise supported by strong volume.
- The MACD (Moving Average Convergence Divergence) is trending up nicely, both in relation to the signal line and the zero line.
- A new high has been created, indicating the possibility of a breakout.
- The weekly candlestick pattern is Three White Soldiers, formed at a pretty high level, suggesting continued momentum.
2. Option Chain Data:
- The HDFCBANK 1700 CE has a strike price of ₹1700.
- The call option price is ₹53.7.
- The open interest (OI) is 4,012,800 contracts.
- The implied volatility (IV) is 21.87%.
- The spot price is ₹1711.35.
- The delta is 0.58, gamma is 0.76, rho is -1.01, theta is 1.91, and vega is -3.54.
- There is a long build-up in this call option.
3. Conclusion:
Based on the technical analysis and option chain data:
- The bullish momentum, strong volume, and positive MACD suggest a favorable outlook for HDFCBANK.
- The Three White Soldiers pattern adds to the bullish sentiment.
- Considering the long build-up in the 1700 CE, one can consider going long on this option.
Remember to perform your own due diligence and consider risk factors. 🚀
Right time to book profit in HDFC Bank?
From 1390s level to 1690s level is great run for HDFC bank in last few months. Almost 17-18%. But i think this is time for us to short HDFC Bank, or at least book profit. As last 5 days of every month, Nifty is mostly profitable, it can go up for few more sessions, but buying is definitely not suggested.
HDFC BANK RE-ENTRY LEVELS FOR SWING TRADING 18/06/2024STOCKS FOR SWING TRADING (SHORT TERM) 18/06/2024
NO.8
#HDFCBANK
Re-Entry Price - 1600 (CMP 1596)
SL - 1460
TARGET - 1750, 1900, 2000 (10 - 20 - 25%)
@jagadheeshjp
Disclaimer : All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Analysis of HDFC Bank Ltd. Option Data: Position BuildupAnalysis
The data shows that HDFC Bank Ltd. has a spot price of 1530.5, while there is active trading in options with a strike price of 1600.00. The contracts for these options closed at 25.50 with a 4.72% increase from the previous day, indicating some positive sentiment.
The high open interest (4647500) suggests that there are a lot of positions in the market, indicating significant trader interest. The very low Put-Call Ratio (0.096) points towards a predominance of call options being traded over put options, which typically indicates bullish sentiment among traders.
Given the "Position Build Up" reading, it can be inferred that traders are building positions in anticipation of an upward movement in HDFC Bank's stock price. This is further supported by the low PCR volume, implying that many traders expect the stock price to rise above the current level.
Summary
The market sentiment towards HDFC Bank Ltd. appears to be bullish.
There is a significant interest in options with a strike price of 1600.00.
The increase in option price and the low Put-Call Ratio suggest that traders expect the stock price to move up.
The overall reading indicates a buildup of positions, reinforcing the expectation of an upward trend.
Bullish Trends in HDFC Bank Ltd: A Comprehensive AnalysisHDFC Bank Ltd., a stalwart in the Indian financial landscape, is currently exhibiting significant bullish signals. With its spot price at 1517.2 and several key market metrics pointing towards positive momentum, it’s essential to delve into the specifics to understand the implications for investors and traders. In this blog post, we’ll dissect the data on spot price, strike price, traded contracts, open interest, and changes in call options to provide an in-depth analysis of HDFC Bank's current market stance.
Key Data Points
Name: HDFC Bank Ltd.
Spot Price: 1517.2
Strike Price: 1500.00 (As of 27th June 2024)
Max Traded Contracts: 5,788
Call Open Interest (OI) (All Strike Prices): 12,027.40 K
Call Turnover % Change (All SP): 26.17%
Call Contracts % Change (All SP): 23.99%
% Change in OI (All SP): 16.72%
Thorough Analysis
Spot Price vs. Strike Price
The spot price of HDFC Bank Ltd. at 1517.2 is notably above the strike price of 1500.00, as of June 27, 2024. This suggests a bullish sentiment in the market, with the spot price comfortably exceeding the predetermined strike price.
Maximum Traded Contracts
The substantial volume of traded contracts, with 5,788 contracts, indicates robust trading activity and considerable interest in HDFC Bank Ltd. This high volume suggests that numerous market participants are actively engaged, potentially positioning themselves for favorable price movements.
Call Open Interest (OI)
With call open interest across all strike prices standing at an impressive 12,027.40 K, there’s a clear indication that a significant number of traders hold long positions in call options. This suggests a bullish sentiment towards HDFC Bank Ltd., with expectations of upward price movements.
Surge in Call Turnover
The 26.17% increase in call turnover reflects a notable uptick in the value of call options traded. This surge suggests heightened buying activity, as traders anticipate further appreciation in HDFC Bank Ltd.'s stock price.
Increase in Call Contracts
The 23.99% rise in the number of call contracts traded indicates a substantial increase in trading volume for call options. This surge in activity suggests that more market participants are entering positions in call options, potentially expecting HDFC Bank Ltd. to experience upward momentum.
Change in Open Interest
The 16.72% increase in open interest indicates the creation of numerous new positions. This rise suggests growing market participation and commitment, with traders anticipating future price appreciation in HDFC Bank Ltd.
Conclusion
The data underscores a bullish sentiment surrounding HDFC Bank Ltd., with multiple indicators pointing towards positive momentum. The spot price comfortably surpassing the strike price, coupled with high trading volumes and substantial increases in call turnover, contracts, and open interest, suggests that market participants are optimistic about the stock's prospects.
Market Sentiment and Outlook
This bullish outlook could be attributed to various factors, including strong financial performance, positive industry developments, or favorable market conditions. Investors should closely monitor HDFC Bank Ltd.'s price movements and key technical levels, as they can provide valuable insights into future market trends.
Disclaimer
This analysis is for educational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions. Market conditions can change rapidly, and it's essential to consider individual risk tolerance and investment objectives.
By analyzing these indicators and staying informed about market trends, investors can make more informed decisions, potentially capitalizing on the bullish signals exhibited by HDFC Bank Ltd.
HDFC LIFE is going to blast !!HDFC life is a underperformer for Many years.
Stock is forming Broadening Pattern in a long term
We can see stock has bounced back from the support and now in an uptrend stock has formed Falling wedge
Which indicating that stock may go up from hereon
Also Stock is around the support of Falling wedge
Long term support is around 480-500 levels.
One can start accumulate the stock for good return !!
Thank You !!