HDFC Bank - Monthly Chart - Long Term Investing Opportunity.HDFC Bank - Monthly Chart - Long Term Investing Opportunity. Can keep on adding small quantities.
HDB trade ideas
Rising Wedge with fibonacci retracement works wonderful at timesDowntrend Setup:
- Fibonacci retracement drawn (a1)
- 100% before the range of a rising wedge (b1)
- 61.80% at the bottom of the wedge (c1)
Result:
- Price falling down to 23% of the retracement after a breakdown
Followup Uptrend Setup:
- Fibonacci retracement drawn
- 100% at the bottom of the down trend
- 0% at b1 ( Before the start of the rising wedge )
Result:
- Price rising to 23% of the swing after the Rise
- Price then falls to 61.8% in the swing
HDFC Long term TAHDFC long term ta.
Buy levels: (buy in parts)
1. At current level. 30%
2. At the bottom of channel support. 40%
3. Around that red line. 30%
then ya'll Set for long term
Cheers,
~Nav
hdfc head and shoulders pattern formed weeklywe can expect head and shoulers in hdfc weekly time frame
HDFCBANKhdfcbank broke out of pennent pattern on smaller time frame with decent volumes.
Could b bought with mentioned stoploss & targets.
HDFCBANK Daily Bullish Deep Crab
Earlier this Pattern given good reaction on Type1 entry & both target hit
now price again came into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUYV
HDFCBANK 4HRBullish Deep Crab
Earlier Pattern given good reaction on Type1 entry & both targets hit now price again came into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
HDFC BANK Trend AnalysisI have made some changes in this analysis.
Kindly disregard my previous analysis linked below.
Now price is at key support level of 1300.
If breaks it can easily fall to 1000-1100 levels where trendline support will add confluence.
Accumulate at 1000-1100 levels for the following targets:
Short term swing target @ 1475 (40% ROI with 4.25 R:R)
Medium term swing target @ 1725 (64% ROI with 6.75 R:R)
Long term positional target @ 2350 (123% ROI with 13 R:R)
Stop loss @ 950 (optional)
Do your own due diligence before taking any action.
Peace!!
HDFC BullishHDFC Bank will be bullish as per my analysis. Currently near 75 min breakout level as per my trading idea.
HDFC Looks all set for recovery. Demand zone, Bullish divergence, 2 pitchforks confirmation. We rarely see multiple techniques combining together.
HDFC BANKBuy tag for leading banking stock HDFC BANK, buy @CMP with an stop loss of 1353 & target of 1480, as we can see that the stock moves up at a fib retracement of level 0.5 after giving a huge correction of about 95%, go get it in your portfolio
Waiting for a good pull up rise!My name is Sangam Tyagi . I give an idea on Hdfcbank which is largest component of banknifty. This stock shows consolidation between 19 April to 28 April . now, I believe it's time to capture " The confusion in the stock . This stock have an uptrend in bigger TF and have downtrend in shorter TF. I believe my trade chances is 60/40. The Stoploss and Target area is not like to set in stone. It will be flexible with trailing also.
Markets have always risky. Set your mindset before you take trade. NSE:HDFCBANK
HDFCBANK FORCAST - on the weekly chart : a green candle pushes the price over the level
- on the dailt chart : week bullish movements in the past week with a selling signal today
- personal opinion : the price will keep on fluctuating before choosing a trend, but depends on where the price sits now it more likely to a bullish explosion soon
- best move : wait and watch the movements in the next few day and wait . a buying signal will show it self shortly
HDFC Bank buy opportunityAfter a long bearish fall in HDFC Bank, bullish hammer seen at the support level 1350. This can be a good buying opportunity considering bullish hammer's low as a Stop Loss. Good risk to reward ratio.
HDFCBANKHdfcbank made symmetrical triangle & broke out of it on smaller time frames of 15 mins chart, hdfcbank is extremely oversold & in in very short it ll pullback.
Could be bought on the back up of shortcovering with mentiones stoploss & targets.
HDFC BANK APR 24 2022It doest not hold at 1300 and downtrend market support will be 1146
Guys, let me know your thoughts by comments below
#hdfcbank
Buy HDFC bankHdfc bank is forming a double bottom pattern, it can cover the gap and retress to 1500, but if banknifty crosses 37500 it will keep the uptrend.
HDFC Bank Limited HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and world's 10th largest bank by market capitalisation as of April 2021. Wikipedia
Stock price: HDFCBANK (NSE) ₹1,356.00 +13.80 (+1.03%)
reversal trade with minimum stoplosslook at price its trade around the long standing support level,so here is risk reward is favorable for long side if price action made for long then we execute the trade.
HDFCBANK UPDATE- on the daily chart : the day closed with a good red candle with slight resistance from the bottom . so daytraders who followd my advice and went short today congrats on ur profits .
- on the weekly chart : a biiig green candle that show a potentiel selling squeez .
- on the 15 min chart : the price broke the VWAP downards.
- personal opinion : sellers beware . the big candle formd in the weekly chart might mean a squeez and the big sellers are getting ready to take their profits . so a reverse in trend might happen soon
- best move :
for day traders : becarful from now on things might get unstable . so i suggest to not open any positions
for long term traders : wait untill the price reachs the bottom level
i hope this technical analysis helpd you make a decision , if you need help or want me to keep an eye on a stock/forex/crypto/futures.... and keep you updated feel free to contact me on my twitter or private chats in tradingveiw.
