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HDFCBANK : POST Q3 FY2024 Results - Simplified Breakdown📉 HDFCBANK Analysis and Investment Outlook - Q3 FY2024 📊 Post-Q3 Result Impact: 📉 HDFCBANK faced a significant 8% decline post-Q3 FY2024 results, causing ripples in today's trading. With a substantial weight of 33.47% in BANKNIFTY and 12.93% in NIFTY, it contributed to a 4% drop in BANKNIFTY and a 2% dip in NIFTY indices. Next Action Plan - Investing Perspective: 📈 After a prolonged sideways movement lasting almost a year, HDFC has recently exhibited a robust upward move from 1461 to 1720 without a significant correction wave. The change in character (ChoCH) on sustaining weekly above 1701 is noteworthy. Following this, HDFC has undergone a correction wave (Wave B) and is currently trading in the golden retracement zone (1591 – 1516). 🔄 Investment Strategy: HDFC should be considered for the investment portfolio, especially on further dips or at the current market price (CMP). Place a Stop Loss at 1386 (weekly close) to manage risk. Anticipate potential buying opportunities in the range of 1516-1480. Target a price range of 1804 – 1929 for potential returns. FUNDAMENTAL OUTLOOK 🏦 **HDFC Bank Q3 FY2024 Results - Simplified Breakdown** 📊 **The Good:** 📈 **Strong Financials:** HDFC Bank surprised everyone with a whopping 34% surge in net profit to ₹16,373 crore in Q3 FY24, fueled by robust growth in loans (62.4%) and deposits (27.7%). 🚀 **Robust Loan Growth:** Especially in home loans, growing an incredible 111.1%, showcasing strong consumer confidence and economic recovery. 💼 **Healthy Deposit Mix:** Everyday banking needs are trusted to HDFC Bank, with CASA (current and savings accounts) deposits growing 9.5%, now comprising 37.7% of total deposits. 🛡️ **Controlled Asset Quality:** Gross non-performing assets (NPAs) remained stable at 1.26%, highlighting effective risk management. **The Not-So-Good:** 🐢 **Slower QoQ Growth:** Sequential (QoQ) growth was modest at 4.9% for advances and 1.9% for deposits, hinting at potential market saturation. 📉 **Margin Pressure:** Net interest margin (NIM) dipped slightly to 3.4%, putting pressure on future profitability. 💸 **Increasing Expenses:** Operating expenses grew faster than income, leading to a rise in the cost-to-income ratio. **Future Outlook:** 🌟 **Positive:** Strong economic growth, rising consumer confidence, and government focus on infrastructure spending bode well for HDFC Bank. 🚨 **Challenges:** Rising interest rates, potential competition from fintech players, and unexpected economic slowdown could pose challenges. **Future Valuation:** 💰 **Premium Stock:** Trading at around 27 times earnings, reflecting strong track record, market leadership, and growth potential. 🔄 **Short-term Volatility:** Possible due to market fluctuations and external factors. 🔍 **Long-term Investors:** Can remain optimistic but keep an eye on NIM, expense control, and economic indicators. **Layman's Terms:** 🦸‍♂️ Imagine HDFC Bank as a superhero, growing super strong this year! People trust it with their money, especially for everyday needs. However, it spent a bit more on fancy gadgets, and future profitability could face challenges. The future looks bright, but there might be some villains to fight. HDFC Bank is still a top hero, but keep an eye on its budget and any new villains! 🔄 **Post-Merger Challenges and Normalization:** **Potential Negatives:** 1️⃣ **Increased Asset Quality Concerns:** Some initial concerns due to higher bad loans in HDFC's portfolio, but expected to stabilize with proactive measures and economic recovery. 2️⃣ **Margin Pressure:** Initial dip in NIM due to different borrowing costs, but gradual improvement expected with cost optimization. 3️⃣ **Integration Challenges:** Merging two big organizations involves complexities, but disruptions should be temporary with effective planning. 4️⃣ **Increased Regulatory Scrutiny:** As a larger entity, more oversight expected, but proactive compliance measures should help. **Normalization in the Near Future?** 🔄 **Asset Quality:** Expected to stabilize and decline through proactive measures and economic recovery. 🔄 **Margin Pressure:** Gradual improvement expected with cost optimization initiatives. 🔄 **Integration Challenges:** Temporary disruptions anticipated, minimized through effective communication and planning. 🔄 **Regulatory Scrutiny:** Proactive compliance measures should mitigate any undue impact. **Overall:** 🔍 Negatives are expected to be temporary, managed through strengths and proactive actions. Normalization might take some time, potentially spanning the next 2-3 quarter. 📊 HDFCBANK, despite the recent correction, presents an opportunity for investment, given its historical behavior and the current retracement levels. Exercise caution, stay informed about market dynamics, and align your investment decisions with your risk tolerance and financial goals. **Remember:** This is not financial advice. Do your own research and consult with financial advisors before making investment decisions. 🚀📊
NSE:HDFCBANKLong
by LiveTradingBox
HDFC BANK S/R for 18/1/24Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
NSE:HDFCBANK
by zenthosh
@HDFCBANK Swing/short TradeEntry Above @ 1684 SL Below @ 1632 Tailing-SL @ 1657 Target @ 1705 ,@ 1721 ,@ 1750 NOTE : Entry after BREAK of Pervious Day High If you want minimize risks After Entry put @SL at last Higher-Low(HL) or follow trend line as SL or Trailing-SL Plz Note : This levels are only for Swing Trade & Disclaimer : All Information on this page is for educational purposes only, we are not SEBI Registered. Please consult a SEBI Registered financial advisor for your Financial matter before investing & taking any decision. We are not responsible for any profit/loss you made Like, Comment & Share
NSE:HDFCBANKLong
by the_chart_analytics_
2
HDFC BANK S/R for 17/1/24Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
NSE:HDFCBANK
by zenthosh
HDFC BANK - Exile to end SoonThe stock of HDFC Bank has exhibited a prolonged period of consolidation within a specific price range since November 2020. However, market sentiment suggests that this phase of stagnation may come to an end during the upcoming results session. There is optimism that positive financial results could act as a catalyst, potentially driving HDFC Bank's stock to reach new highs. Investors and traders are closely monitoring the bank's performance during this results session, anticipating that a favorable outcome could propel the stock price upward. The notion is that a strong set of results may instigate a bullish trend, breaking the existing trading range and allowing HDFC Bank to surge to fresh highs. Furthermore, there is speculation that the stock could reach the 2000 mark in the near future if the anticipated positive momentum materializes. This projection is based on the belief that a combination of favorable market conditions and robust financial performance could drive significant upward movement in HDFC Bank's stock value. As with any financial forecast, it's important for investors to exercise caution and conduct thorough research, considering both potential risks and rewards associated with market fluctuations.
NSE:HDFCBANKLong
by Shivam_Bhanot
1
HDFC BANK S/R for 16/1/24Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
NSE:HDFCBANK
by zenthosh
HDFC BANK S/R for 15/1/24Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
NSE:HDFCBANK
by zenthosh
HDFC BANK S/R for 12/1/24Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
NSE:HDFCBANK
by zenthosh
HDFC BANK S/R for 10/1/24Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
NSE:HDFCBANK
by zenthosh
HDFC BANK S/R for 9/1/24Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
NSE:HDFCBANK
by zenthosh
CHANCES OF BEARISH REVERSAL (Multiple Tops)View 1.Long Term 33 months Resistance observed at 1722 2. Very High Volume Candle formed on 15 Sep 23 & 15 Dec 23 between 1670 & 1650 Levels. 3. Reverse Divergence is observed as Price is making Lower High & MACD is making Higher Highs (Can be Double Top ). In Case of Breakdown of High Volume Candle below 1650 , there are chances of stock to be bearish. Targets 1. Un filled Gaps has been observed @ 1610, 1570, 1410 2. Double Top Target can be 1460 3. A trend line can also act as support 4. Low of Inside Mother Candle on 3 Month Chart can also act as Major support @ 1515 In case of Break down of 1650 Level the Major Targets can be 1610 , 1570, 1515, 1460 STOP LOSS : 1660 (CENTER OF HIGH VOL. CANDLE) R/r RATIO : 2.6:1 , 6:1, 10:1, 13.8:1 respectively
NSE:HDFCBANKShort
by ankush4343
HDFC BANK S/R for 4/1/24Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
NSE:HDFCBANK
by zenthosh
HDFC BANK S/R for 3/1/24Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
NSE:HDFCBANK
by zenthosh