Hdfc levelsSupport and resistance level for this month. Keep in mind these levels and follow price action.
HDFCBANK trade ideas
HDFC Bank Faces Rejection at Resistance, Potential RetracementHDFC Bank Faces Rejection at Daily Resistance, Potential Retracement to 1580 Support. Strong Daily Candle Closure Highlights Possibility, But Bullish Breakout Could Invalidate Expectations.
HDFC CAN BE BOUGHTCUP WITH HANDLE Pattern Breakout in progress on daily chart
LTP - 1637
Targets 2300
Timeframe - MEDIUM TO LONG TERM
Every Dips can be used to accumulate the stock for Medium Term investment.
#HDFCBANK may get SUPPLY at this zone* #HDFCBANK may get supply at this zone 1780-1800 in between
* So, guys please be alert at that zone.
HDFC Bank may reach 2600-2800 over a period of next one year.The largest merger agreement in India to date, between HDFC and HDFC bank, has piqued the interest of Indian investors. Whenever there is news about a merger, prices peak in the near term and then recover. So, for the time being, it is extremely possible to halt current progress and retrace to 1600 before rising to 2600-2800 during the next year.
HDFC about 40%-50% over a period of next one year.The largest merger agreement in India to date, between HDFC and HDFC bank, has piqued the interest of Indian investors. Whenever there is news about a merger, prices peak in the near term and then recover. So, for the time being, it is extremely possible to halt current progress and retrace to 1600 before rising to 2600-2800 during the next year.
HDFC BANK LTDHello & welcome to this analysis on India's largest bank
A strong uptrend which has recently seen a sideways corrective and the record date announcement of its merger with HDFC LTD could now see it give a strong up move pre-merger.
If it manages to hold 1590-1610 then above 1670 it could rally till 1750-1850.
Failure to hold 1590 could take it down towards 1560-1475-1350
Overall at the current level structure remains bullish with a good risk reward opportunity.
Happy Investing
HDFCBANK in Ascending triangle zoneHDFCBANK started showing bullish momentum and it is ascending triangle zone.. Once reaches ATH (All Time High), will consolidate and breakout on upside.
HDFC Bankhdfc bank about to enter blue sky zone, with merger approved. This bank will be in top world bnks list and is must in portfolio. Add Every dip and look for targets of 2k+....
Target profit shd be 30%....
No SL as add on dip..
Long Hdfc bank Long HDFC Bank in Hdfc Bank Daily chart crossover of 20 ema and 50 ema short term. Ema cross above mid term ema and rsi also storng.
Buy above 1705 sl 1680
Target - ride until daily candle close below 20 ema
I am not a SEBI registered advisor this is my personal view and this is for educational purposes only do your own research before taking any trade..
hdfc banktraingle pattern formation hdfc bank
watch for breakout or breakdown
happy investing
educational purpose only.
Hdfc bank elliot wave analysishdfc bank complete abc correction price move upside .condition 1 = draw vertical line chart price not cross down side line .all time cross
HDFC BankBuy HDFC Bank
CMP 1635
First Target 1660
Second Target 1680
SL 1598
Golden cross over in 1D & 1W TF
Break Out with High Volume
HDFCBANK short positionHDFCBANK is in the uptrend.
The price found support on the upsloping trendline. We may get a weekly bullish engulfing candle which should imply more upside action.
We expect the price to reach the upsloping resistance which would be our entry for a short position. From there we would target the support of this rising channel.
The invalidation of this thesis would be if we get a weekly candle close above the upsloping resistance line.
RSI found support at 48 which also shows that the trend may have more legs therefore we expect the price to continue the uptrend
good luck
HDFC BANK 15.6.23 - 5 pm
Disclaimer - I am not a trained or registered analyst. I do this only for my learning.
I am not responsible for anyone's losses or profits .
Analysis - On daily TF
1. Has closed below rising trendline, so looks like a breakdown.
2. Has closed below 200 EMA
3. Seems to break lower trendline also.
4. RSI also is heading towards oversold zone.
Lot of confluences towards downside.
Possible to reach lower swing at 1556 levels and if breaks further then 1530 levels are possible.
HDFC Bank formed cup and handle HDFC Bank formed cup and handle If the market open flat and break the handle then take the trade target according to pivot levels
HDFC Bank Intraday Analysis: 19-Jun-23HDFC Bank imp zones mentioned on chart, all reversal and expected move mentioned with Arrow line, RED: Sell, Green: Buy
Sell< 1589 SL: 1601 Target : 1583,1570,1569
Buy>1606 SL: 1589 Target : 1612,1622,1645
Wait for Proper Rejection on lower time fames at levels :
@Support : Bullish
@Resistance : Bearish
Use SL trialing Method
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Any query do ping us or require any specific stock analysis
*All views for educational purpose only
Hdfc bank on the edgeOn daily time frame of hdfc bank, which is following still now rising channel, price is on the lower channel level either strong buying or strong downside move 1587 last support
TRENDLINE breakout On HDBhello everyone
it seems breakout has been complete but do your fundamental research before open your position
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HDFCBANKAs disclosed in the chart drawing, as per my understanding of support zone, script is having its position in an attractive area.
Worth watching this script with the trading interest, for educational purposes.
HDFC BANK -ACCUMULATION ZONE - 1543 to 1500
-SL 1450
Market Cap
₹ 9,00,433 Cr.
Current Price
₹ 1,611
High / Low
₹ 1,734 / 1,272
Stock P/E
19.6
Book Value
₹ 446
Dividend Yield
1.18 %
ROCE
6.85 %
ROE
18.6 %
Face Value
₹ 1.00
Promoter holding
25.6 %
EPS last year
₹ 82.4
EPS latest quarter
₹ 22.6
Debt
₹ 17,84,970 Cr.
Pledged percentage
0.00 %
Net CF
₹ 41,330 Cr.
Price to Cash Flow
43.3
Free Cash Flow
₹ 17,390 Cr.
Debt to equity
7.22
OPM last year
61.7 %
OPM 5Year
61.6 %
Reserves
₹ 2,46,772 Cr.
Price to book value
3.60
Int Coverage
1.79
PEG Ratio
0.98
