HDFC BANK - Breakout above 1500
HDFC BANK seems ready to blast above 1500!
Today's closing looks very strong which shows buyers are active now and ready to take it higher.. after posting good results recentl.. As per OI, 1500 is strong resistance, if it sustains above 1500 for at least 15 mins then huge short covering will get triggered! Probability is very high..
Bank nifty is also showing strength, it also seems ready to hit new highs in next few days..If stays above 41555 then short covering will take it much higher... HDFC bank would play major role in next BN upmove!
Play Safe, and always keep SL in system.
HDFCBANK trade ideas
HDFCBANKNSE:HDFCBANK
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
LONG ON HDFC BANK!!i kept on buying its dip, from past several months. now i have a huge amount in this stock, and it has started its 3rd wave, and will give a great bull run.
back in few ideas, i had posted the waves, and the stock is following it properly(link below).
IN THE DRAWN CIRCLE: a good green candle has breached the purple trend line, and it all way long to go till 1800. one can earn around 20% returns within 3 months, from a great moving and safe stock.
past from few days, we could see that nifty 50 stocks are getting there upward movement, since FII have started entering the market.
yet i believe that the matter of interest rates in US, has not completely settles, but slowly things have started becoming normal, and US have moved away from the recession point(link below).
HDFC BANK had a lot of FII selling, and this will become normal in this upcoming 3rd wave.
FINAL POINT: do have a look on MOVING AVERAGES AND MACD.
50ma will crossover 100ma in few weeks, and MACD has shown some green candles.
"stay long on this stock, good for swing trade, long term and soon for momentum trading too".
HDFC Bank Demand & Supply Zone for 02/Nov/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
NIFTY50 is looking Bullish
🤑 Nifty is likely to be Bullish till it's above 18055.
❓ Reason: Because Nifty is above the Trailing SL of ATM Machine Indicator on Hourly Chart.
🚧 Upside Hurdles: 18185, 18355, 18550.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🟢 Positional Trend is Positive.
🔴 Long Term Trend is Negative.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
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HDFC BANK*At 15 min timeframe, price is at support of 200 - EMA.
HDFC will also open near 1460(whole number) and Volume profile is also strong on this price.
If price open AT 1460 then first resistance rectangle(1465-1468) and may give sharp fall till 1444.
We can take new entry from this level(1444) to day's high OR may be it break this level(1465-1468) create a support zone and give the target of 1475 and then of 1486.
Profit:-
1. From 1465 to 1486 is 1.30%.
2. From 1444 to 1453/1465 is .05% or 1.48%.
3. From 1444 to 1435 is .07%.
NSE:HDFCBANK
NOTE:- Take help from volume.
HDFC Bank : Looking to prove itself.Good Day,
Hello Traders,
It is working under a channel as of now. Once it crosses 1470 and sustains , it looks good for the future.One can stay long keeping 1367 as Strict Stop Loss as this range of 1333-1367 been always been a massive support for HDFC bank.
If Banknifty had to cross 41840 all time high then HDFC bank had to move sharply towards 1600 levels in the coming months.
Good levels to buy if you get it cheaper by Rs 50/- for the long term portfolio.
Timeframe : Daily
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions.
If you really like the analysis , please do comments, LIKE and Follow me.
HDFC BANK for date 22 sept #hdfcWatch the HDFC BANK chart I have sahred with you.
HDFC BANK is forming c wave of correction according to Elliot wave in 15 min,30 min,45 min ,1hr, 2hr ,3hr, 4hr, 1D time time frame.
That means HDFC BANK is set for its biggest correction in for the period of 4-6 months time period
I have shown the expected targets according to Fibonacci retracement levels.
If you have holding position in equity, you can wait for a day or two to gain some decimal percent profit (according to 5 min time frame)
But correction is for sure as I told you.
Buying now is of course not the wisest decision .
Good luck trading , have a great profitable day ahead.
HAS HDFC BANK GIVEN BREAK OUT/TARGETS FOR NEXT FEW MONTHS ?????Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading.
HAS HDFC BANK GIVEN CLEAN BREAK OUT ON WEEKLY CHART/BIGGER TIMEFRAME ?????
WHAT ARE THE POSSIBLE TARGETS OF HDFC BANK FOR NEXT FEW MONTHS ?????
FRIENDS, WHAT DO YOU THINK ?????
LET'S WORK & WIN TOGETHER. MANY THANKS 🙏🙏
HDFC BANK - Bullish Price Action Analysis NSE:HDFCBANK has already activated Harmonic Shark Pattern with the PRZ level 0.886 and 1.13 with target price 1480 and 1540 respectively .
BUY :
If price sustains above 1422,you will see good upside momentum in price.
SELL:
below 1422 this pattern will be invalidated.
HDFCBANK Trade setup Idea for 09 September, 2022Banking sector is bullish now, at the current pace HDFCbank could make a quick move up towards 1520 levels.
The stock has been hitting the resistance level of 1500 and have been holding quite well, in a matter of a day or 2 the stock should show a break out.