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
HDFCBANK trade ideas
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.
$HDB with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $HDB after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
Support LevelLets see if it holds at this support level.....found support at this level earlier and looks like a good zone
Disc : Not holding and not a buy or sell recommendation.
HDFCBANK forcast on the weekly chart : the price did a wide gap downwards and made a decent red candle so far
on the daily chart : breaking a level and going down strong
on the 15 min chart : the price had went bellow the VWAP meaning the day will end red
personal opinion : the price will keep on going down until reaching the middle level with 80% of bouncing of it heading up
best move
daytrading : opening short positions in this week
long term traders : wait until the price reach the level and gives a clean indication of and uptrend
HDFC BANK Trend AnalysisBearish divergence shown by RSI on weekly timeframe with weekly close as a strong bearish pin bar candlestick shows there is strong bearish pressure.
Do not jump to buy because of the merger and everyone is bullish.
Let the price fall to buying zone for a big rally upside.
Buying Zone is around 1100-1175 level
Target 1 2350 (100% ROI) Medium Term
Target 2 3350 (190% ROI) Long Term
All price levels mentioned above are Fibonacci levels.
This heavyweight will drag bank nifty down for sure.
This is just my analysis purely based on technicals only.
Kindly do your due diligence before trading or investing.
Peace!!
HDFC bank taken support from major support. HDFC bank looking good for buying above 1527 and stop-loss below 1480. it will move drastically because of the earnings on 13th of April. and as far the technicals are concerned its near the major resistance and already retraced 50% of the fibonacci levels.
HDFC BANK Reversal Good support for HDFCBANK at 50% fib level on a daily timeframe and the volume supports the momentum and trend reversal is expected.
This is for educational purpose only.
HDFC Is giving good trades, support/resistance indicatorSee how the true supports and resistances of the future are shown in realtime bh the indicator.
HDFC Bank Long setupInverse Head and shoulder breakout can be seen on daily chart.
Can see 10% up move in short time.
Taret 1650+
CMP 1507.
HDFCHDFCBANK made an inverted head & shoulder pattern on daily charts with good volumes.
Could be bought with mentiones stoploss & targets.
HDFCBANK Verge of BreakoutHDFCBANK is showing breakout signs after forming IH&S pattern with good volumes. Post this breakout this can be good swing trade for short/medium term.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Intraday Trade#We make only profit.
#BANKNIFTY #TCS #RELIANCE #HDFCBANK
#Dont buy any trade Without Stoploss
HDFCBANK Short IdeaNSE:HDFCBANK
Short idea
Price Reversal after test 1515 to 1500 Range
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Closed below 200 EMA on Daily time frame
Strong level between 1515 to 1500 also a psychological level
Unfilled Gap below previous trading range
Decrease in Volume
#HDFCBANK LEVEL#We make Only Profit
#All Important Level in HDFCBANK
#BANKNIFTY #NIFTY #TCS #RELIANCE #HDFCBANK
HDFC may again 1300As per my view we may see the level 1300 again.... those who not buy the level, buy this time...
