Cup and Handle in HDFCBANKAble to spot Cup and Handle pattern in daily timeframe of HDFCBANK. Near term target and next targets are estimated.
HDFCBANK trade ideas
HDFC Bank LongHDFC Bank- Set ups
MTF Analysis
HDFC BankYearly Demand Beakout 1303
HDFC Bank 6 Month Demand Breakout 1303
HDFC BankQtrly Demand Breakout 1303
HDFC BankMonthly Demand 1481
HDFC BankWeekly Demand BUFL 1481
HDFC BankWeekly Demand BUFL 1600
HDFC BankWeekly Demand DMIP 1628
HDFC BankWeekly Demand DMIP 1629
Time HDFC Trade above 1257 Strong Confirmation Long
Weekly Demand Momentum Impulsive Patterns WDIMP
Daily Demand Momentum Impulsive Patterns DMIPS
ENTRY -1 1628
SL 1600
RISK 28
Taget as per Entry 2372
Points to Gain 372
Latest Last Swing High 1794
Latest Last Swing Low 1422
HDFC Bank: Navigating Bearish Momentum Amid Key LevelsNSE:HDFCBANK : Navigating Bearish Momentum Amid Key Levels
NSE:HDFCBANK : is currently facing bearish momentum, encountering significant downward pressure as it tests key support levels. As traders, it’s crucial to analyze the following resistance and support zones to gauge potential market movements:
Resistance Levels:
1726 / 1716: These levels are pivotal resistance points. A failure to breach these zones may trigger sell-offs, reinforcing bearish sentiment in the stock.
Support Levels:
1676 / 1636 / 1596: The stock is attempting to establish support near 1636. A break below this critical level could accelerate downward momentum, signaling further weakness and inviting additional selling pressure.
Upcoming Catalysts:
HDFC Bank will announce its Q2 earnings report on October 18. This upcoming event is likely to introduce volatility, potentially influencing price action significantly.
Market Outlook:
Despite efforts to maintain support at 1636, HDFC Bank's overall trend appears weak. Traders should closely monitor price action around these key levels to anticipate potential shifts in momentum.
Disclaimer: I am not a SEBI Registered Research Analyst (RA). This analysis is for educational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making any trading decisions.
If you found this analysis helpful, please consider sharing, following, or boosting this idea! Your support is greatly appreciated!
HDFC BANK S/R for 12/10/24Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
can go long in HDFCHDFC at its critical support levels
can go long from here for good risk to reward ratio
HDFC BANK S/R for 8/10/24Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
HDFCBank_06.10.2024This is my first chart on HDFCBANK in last few years. After many many years of consolidation finally HDFC Bank is on the verge of breakout but may still not provide high returns and continue the move in a higher highs pattern within a rising range.
My view may disappoint many investors but this is what happens when free float increase to unprecident levels in any stock.
HDFC Bank in a Bearish Momentum: Key Resistance and Support ZoneHDFC Bank in a Bearish Momentum: Key Resistance and Support Zones
NSE:HDFCBANK is currently exhibiting a negative trend, facing downward pressure near key levels:
Resistance Zones: 1706 / 1716 / 1726 – These levels could act as significant barriers, with potential sell-offs if the stock fails to breach these zones.
Short-Term Support Levels: 1645 / 1595 – A break below these support zones could accelerate the downside move, signaling further weakness in the stock.
As market volatility increases, it’s crucial to observe price action around these levels to anticipate the next move.
Disclaimer: I am not a SEBI-registered Research Analyst. This analysis is solely for educational purposes. Please do your own research and consult a financial advisor before making any trading decisions.
Hdfc bank levelsHdfc bank took support at 20 dma(1658)
Looks like a strong point incase if it manages to sustainable above 1640 levels we may see some good recovery from 1804 levels stock have corrected
HDFC Bank at support, will it hold?Price is at the angle 3 at the moment. We have confirmed Resistance at 1790 area. Now we are selling hard. I don't thing the angle will hold the price and we will see RED UMVD soon !
$HDFCBANKprevious range high on daily is 1669
may get a sweep tad below it but recon this leads the charge
close above 1687 tomm and this would have held on to the 7 ema on the weekly setting us up for Monday
Dixie at key resistance manifesting a nuke next week !
HDFC BANK S/R for 4/10/24Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
HDFC Bank Showing can go upto 2000 and above.HDFC Bank has been in a consolidation phase between the range of 1300 and 1700 for a long time (3-4 year).
It has finally closed above the key resistance level of 1710 and trading around the level of 1740.
It is also forming reverse head and shoulders pattern and have given the breakout above its neck which is another sign for its bullish momentum.
It is a good time to add some quantity in your portfolio for good risk to reward ratio.
For conservative traders or investors, they can wait for a retest of the level of 1710 and buy some quantity with the stoploss given in the chart.
HDFCBANKNSE:HDFCBANK
One Can enter now!
Or Wait for a retest of the trendline(BO)!
Or Wait for a better Risk:Reward Ratio!
Note :
1. One should go long with a StopLoss, below the Trendline or the Previous Swing Low.
2. Risk :Reward ratio should be minimum 1:2.
3. Plan your trade as per the Money Mangement and Risk Appetite.
Disclamier : You are responsible for your profits and loss.
The idea shared here is purely for Educational purpose.
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LONGAfter long consolidation , stock broke the resistance in weekly chart, stock may retest the resistance , which may become support line. Steady increase volume further strengthen possibility of upward movement.
HDFC Bank Ltd view for Intraday 27th September #HDFCBANK HDFC Bank Ltd view for Intraday 27th September #HDFCBANK
Buying may witness above 1795
Support area 1780. Below ignoring buying momentum for intraday
Selling may witness below 1759
Resistance area 1780
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
HDFC - The Controversy UnleashedHere is the HDFC Chart published on July 22nd (inside my article) - "Nifty Analysis - The No-Nonsense "0" Indicator Strategy"
Now - compare HDFC's price action on Sep 24th - Precisely following the defined Path in Blue and rising like a Phoenix from the bottom of 1600 levels and breaking the ATH created on Jul 2023
Now by next week - End of September, HDFC would have the a Final Dip to test 1757 levels and then blast beyond the ATH of 1795 lifting Nifty to New Heights and the Target of 26,430
In this entire analysis - we didn't use any Indicators and No "Ifs & Buts". The Top 10 heavy weight constituents of Nifty were decoded, the Nifty's Daily, Weekly, Monthly and Quarterly Charts were analyzed for both Candlestick Patterns and Chart Patterns with Targets.
Once Targets were identified - and basis the status of each of the Top 10 heavy weights, the probable timeline required to reach the target was identified
1. From the Index's (Nifty) price action - the future of individual stocks were determined
2. From the Stock's price action - The Nifty's direction was determined
Only when both matches - the prediction is accurate - just like how we do Division / Multiplication in Maths to re-confirm our arithmetic
We don't depend on ANY NEWS or ANY Expert Opinion or ANY Technical Indicators to guide us. Because, these factors don't handle both Internal and External elements. Either they talk about a Sector but not a stock or they talk about the historical values of a Stock (example: RSI, MACD, EMA, DMA, Bollinger Bands uses historical values of stock).
The Indicators become handicapped when it has to consider the outside elements and hence loses it accuracy and value.
Learn to Stand on your Own 2 Legs...
Ignore the Noise...
Don't follow the Wise...
Make your Own Spice...
HDFC Long!!HDFC after consolidation for 60 days started its movement from 4th Sept and already 6% done.. Another 4-5% upmove will be there in the next 20-25 days!!
HDFC Bank Ltd - Monthly - Long TermHDFC Bank Ltd
- Monthly Analysis
- Long Term
- Fundamental Bet
- Darvas Box
- Consolidation Breakout
HDFC BANKTechnicals:
1) HDFC Bank share was in a range for almost 3.8 years.
2) Despite seven previous attempts, the price failed to close above the trend line, but on the eighth attempt, it successfully closed above it.
DISCLAIMER: Strictly for discussion purposes only, not for making investment decisions.
HDFC BANK - BIG UPSIDE EXPECTEDHDFC Bank looks very promising for good upside , once it crosses 1760 and sustains we can expect it to go upto 1840-1870+. Levels are marked in chart posted.
HDFC BANK S/R for 23/9/24Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
