HDFC BANKHDFC Bank Ltd. engages in the provision of banking and financial services, including commercial banking and treasury operations. The firm also provides financial services to upper and middle income individuals and corporations in India. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking and Other Banking Operations. The Treasury segment consists of bank's investment portfolio, money market borrowing and lending, investment operations and trading in foreign exchange and derivative contracts. The Retail Banking segment provides loans and other services to customers through a branch network and other delivery channels. The Wholesale Banking segment provides loans, non-fund facilities and transaction services to large corporates, emerging corporates, public sector units, government bodies, financial institutions, and medium scale enterprises. The Other Banking Business segment includes income from para banking activities such as credit cards, debit cards, third party product distribution, primary dealership business, and the associated costs. The company was founded by Aditya Tapishwar Puri in August 1994 and is headquartered in Mumbai, India.
HDFCBANK trade ideas
HDFCBANK | 08-07-2021Strength : In today's session (07th July) the stock price managed to close above 200 DEMA ( 1D chart) and day's low was 1527.70.
Concern : Since Mar 2021, whenever the stock tried to cross 200 DEMA , it has retrieved back. So for tomorrow's session ( 08th July) the test is to see if the stock price stays above 200 DEMA. Another concern is that RSI level is 64.10 which is a slightly high level. Considering the above, according to my analysis, the trading range will be
Trading range: INR 1515. ( average of Open & close of 06th July) and 1545.35 (high of 07th July)
Any movement below or above the range can be a game changer.
HDFC In Channel PatternHdfc is in a good channel pattern and has shown good strength near its demand zone if tomm it break the green trendline we can go long for a good target as RBI has also released good FSR July 2021.
Be a smart trader not a horny one, wait for breakout of green line and let it retest or show show good volume
Follow for More Chartings
HDFC Small Correction ExpectationHi Traders,
Inside Bar Breakout 1H frame
Entry Yellow Below Breakout (avoid Gap-Up)
Sl make candle High
Its Profit Making Strategy
Simple & best techniques for Trading called S&D Zone easy to understand for making Profitable Trade. Believe Price Action, has the potential to change your trading lives.
Thanks & regards
Sakthi