HDFCBANK trade ideas
INTRADAY IDEA ON 20-04-2023in HDFCBANK we will take a long and short trade this content is made for learning and educational purposes only
HDFCBANK-Continue Upside or Reversal.HDFCBANK is at its All time High.
bullishness is continue or Reversal May Happen.
A strong selling pressure is observed at 1700 level ,look at the reaction at 1680 levels to go upside or downside.
if acts as resistance more fall is going to observe. keep an eye at these levels.
HDFC BankHDFC Bank
C&H Pattern: Weekly Basis
Vol / Price BuiltUp Continued.
Price BreakOut Needed& to be done & Sustained above 1700 (Resistance level).
Then Good to Go!!!
HDFC BANKHello and welcome to this analysis
From COVID lows in this weekly time frame its appears to be in its terminal 5th wave.
After making an expanding diagonal (horn) in a sideways corrective its now set for an attempt for a new high which could see a medium term top formation in it.
As per Elliott Wave after 5 up waves a stock goes into a corrective, since this is weekly (3 years of rally) the next correction can be deep in terms of both price and time.
We might see a lot of positive news being announced over the next few weeks as it advances into new territory, which is the norm when a stock appears to be concluding its entire wave structure.
An ultra bullish count would suggest stock sustaining above 1800 else this path is likely to be correct.
Short term trading bullish
Medium term exit on rally
HDFC BANK (10 APRIL 2023)NSE:HDFCBANK
Hdfc bank is making parallel channel again AND AGAIN.trend is bullish now. no plan for PE now.Major support is near 1636 .
it may take rest or proper rejection from that point.below 1532 you can think about bearish mood of the stock.
HDFC BANK : UP Trend Continue..!5 Steps Analysis of HDFC BANK
1. On Daily TF we can see that the stock was consolidated from Nov.2022 & make base for up move.
2. On Daily YF we can see the stock has made CUP Pattern formation with High Volume which Indicates further up move.
3. Momentum Showing Strong Strength on Daily, Weekly & Monthly Basis.
4. Successfully gave closing above 20DMA from last 4 Days with High Volatility.
5. Stock Maintain 1650 level and gave closing above 1650 at tomorrow then further Up side move can see at 1705 levels.
HDFC BANK (3 APRIL 2023)NSE:HDFCBANK
Hdfc bank is making parallel channel again .trend is bullish now. no plan for PE now.Major support is near 1636 .
it may take rest or proper rejection from that point.below 1555 you can think about bearish mood of the stock
#HDFCBANK#HDFCBANK, That 1700-1730 level acting as an Important Resistance. HDFC Bank also tried to cross 1650 level multiples in past 6 month and failed in all the attempt.
This long consolidation in HDFC Bank looking like it can Breakdown to below level i.e 1480 level which is POC of last 2 year where it may find some Demand. Break below 1540 in coming week can print 1480 level.
HDFCBANK 15M (24 MARCH 2023)NSE:HDFCBANK
Dont sell before 1557
market is bearish now,
hdfc is the backbone of banknifty
if it gives breakdown then
downside target is 1533 level.
if crossed 1574 then buy
it will reverse from channel.
Sep - Oct - HDFCBANK Backtest #2This post is for personal use to track my Trading style and notes. Please do your own analysis before taking entry.
June - July - Aug - HDFCBANK BacktestThis post is for personal use to track my Trading style and notes. Please do your own analysis before taking entry.
HDFCBANK (21 MARCH 2023)NSE:HDFCBANK
If it takes support from 1535 level
then next target will be 1698.70
which is the fib 38 %.if its difficult to take support from 1535
then downside move till 1485.35 level.if its difficult to take support from 1535
then downside move till 1485.35 level.
HDFC BANK AT CRUCIAL LEVEL !!!#HDFCBANK ( W TF)
👉 The stock is taking Resistance from weekly supply zone And also Consolidating near the Resistance zone & The support is at 1575.✅
👉Weekly Close below the 1575 will lead the fall to the 1500/1450/1380( i.e Next Demand Zone) in next coming trading sessions.
👉Add to your radar✅
HDFC BANK : Make or Break Level...!HDFC Bank on Daily TF wee can see that give closing below 20 MA from last 4 days due to Global News. Sentiment negative, Short & Medium term Momentum is weak with high volatility and high volume. We can see the further down side in banking sector still remains same in uncertainty global market. Today Stock given closing on support line if it break tomorrow then down side we can the 1514,1493 levels.
HDFCBANK Keep on adding current level in equity segment.
Weekly Bollinger support and resistance mark on chart.
1540 important support.
HDFCBANKBroken rectangle sideways movement zone.
IF breaks on 14th mar 2023 then possible towards 1540.
Will check for a BEAR PUT SPREAD for entry.
#HDFC BANK looking good for 13 march #HDFCBANK...
Intraday as well as swing trade
All levels given in charts
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this
We take trade only when it activates...
HDFC Bank go longLet's make 1:3 profit in HDFC stock
Technical strong
This analysis is not 100% sure so you place trade with risk management
HDFC Bank back in trading channel
HDFC Bank has fallen back in its trading channel range. If it doesn't go up tomorrow, i feel it will test lower bound of channel soon.
