ICICI Bank, HDFC Bank Analysis and Banknifty 29th July Hello Traders,
I have shared my analysis in Hindi for both ICICI Bank and HDFC bank and its impact on Banknifty.
HDFCBANK trade ideas
HDFC might not go down nowHDFC looks good to be traded with SL of 1599 and targets mentioned on the screen.....
Disclaimer:- this is for educational purpose only, do you own analysis before trade.
HDFCBANK Bullish Retracement Amid Uptrend
Overall uptrend.
Rebounded from 50% Fibonacci level.
RSI neutral, potential for more movement.
hdfc seems at supporthdfc seems at support current trend on daily is higher high and lower low considering the pattern it seems to be at support though support confirmation candle stick pattern has not developed yet
HDFC Long ScenarioI believe HDFC will move past Rs.2000/-
Despite Posting good results HDFCs price is trading in btw 12% Zone (1540-ATH) Since March 2021
My Thoughts:
HDFC was trading at High valuations due to its leadership in sector before 2020. Now HDFC leadership is gone, just like Asian paints superiority .So, Valuations are adjusting and price not moving with good results.
With Reduction of PB Value to 3.
Best Entry Zone is 1520-1540.
TGTs are 1920,2000,2100
Hdfc bankHdfc bank constantly facing resistance from blue trendline around 1700 level, however it feels like its time for it to break its resistance and start its new journey currently at 0.5%retracement (1609) and 0.618%retracement at 1566...so this should be a range for turn around (1566-1609)..
HDFC Bank breaks all time highHDFC Bank has moved to break ATH since the last update on April 19, 2024. This adds confidence to the idea that the bulls have control.
Have adjusted the count a bit as it seems to nesting in a 1-2 1-2 pattern.
This one was a very low risk to reward trade, and has been playing out beautifully if you followed the plan as laid out in 18th January post.
Shall update as price further develops.
Thanks for reading!
HDFC BANK HDFC Bank
It has corrected by about 8–9% from its previous high. I have seen that it is attempting to create a steady 1630–40 range, and I think it has the ability to reach its recent high if it crosses the 1646 level.
This is just for educational purposes; please contact before investing.
Is, the HDFC Bank losing its charmHi, trying to analyse the HDFC bank using 12M and higher time frames patterns levels and weekly/ monthly patterns
in this graphic HDFC bank is following a triangle pattern and also some tls
i will try to find the possible range till next 2 yrs , HDFC bank is getting resistance from the 36M candle high level also got support from the low of the candle shown by light blue lines in the chart, pinkish line showing the possible 60M candle levels now at support level of the 60M pattern levels, light red showing the possible 36M pattern range , in the next graphic
after that I'll be showing some other patterns followed by the HDFC bank in next few graphics
HDFC NEEDS CORRECTIONin this chart i showed How HDFC is making Decending channel and the momentum is very low in green candles.. so there are high chances HDFC will touch the green area of 1200-1300
HDFC BANK Hdfc bank double doji candels with inside doji. Indicates indecisiveness.
One can look for either side break out with previous day candel low Stoploss for upside moment and previous day candel high Stoploss for downside moment
Please look out for fake outs by checking volumes don't get trapped
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
HDFCBANK INDIA SHARE PRICE DOWNPeriod: W1 Current trend:
Bearish Analysis: based on price trends, SMC, high/low volume indicators and also TDI
Forecast: bearish after retest break of the order block at the 1.620 round figure to support (trend line in confluence with a weekly order block. there will be a trend reversal for a while and there is even a risk of breaking support on the retest before falling.
i think and suggest selling this stock.
buy at zone ~ intraday / positional- expecting small reversal from this zone
- good for intraday trade
ENTRY
- entry can be taken in two ways
1. place buy order at limit order , marked 0.58 level
2. look for confirmation in smaller time frame inside the zone.
STOP LOSS
- if candle close is below 0.618 level.
TARGET
- mark fib retracement from C to latest swing low
- TGT1 - 0.236 (mostly hits in intraday)
- TGT2 - 0.382
- TGT3 - 0.5
HDFC BankADR +4%
Trend Supper bullish from 1550
I think some profit booking possible @near 1850
Short term traders will start booking profits below 1850
Lets C
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HDFCBANK: A technical outlookThe chart is pretty self-explanatory as always :)
What do you make of this price action?
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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
Hdfc correction due upto 400 pointsAfter a long bull run a 400 point correction is pending in Hdfc bank.A trigger of any sought will bring down Hdfc.
Just a view.Kindly take your decisions based on your own analysis.
HDFC BANK - Technical ViewDISCLAIMER
it's just my technical view. I'M NOT A SEBI REGISTERED ANALYST. Before taking trade or Invest consult your financial advisor.
✅Here we provide TECHNICAL Levels and Charts.💯
✅This channel is for educational and self analysis purposes only!
HDFC BREAKOUT Hi guys,
Its me Guruzzz
HDFC Breakout
A "breakout" in the context of stock trading typically refers to a situation where the price of a stock moves above a resistance level or below a support level with increased volume. For HDFC (Housing Development Finance Corporation), a breakout could signify a significant upward or downward movement in the stock price, suggesting potential buying or selling opportunities for traders.
Indicators of a Positive Breakout:
Price Movement: If HDFC’s stock price breaks above a key resistance level, it indicates a bullish trend.
Volume: Increased trading volume during the breakout confirms the strength of the movement.
Technical Indicators: Positive signals from technical indicators such as moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence) can support the breakout.
Positive Words About HDFC
Strong Financial Performance:
Consistent Growth: HDFC has demonstrated consistent growth in revenue and profitability over the years, reflecting its robust business model and strategic vision.
Solid Asset Quality: The company's focus on maintaining a high-quality loan portfolio has ensured minimal non-performing assets (NPAs), contributing to financial stability.
Market Leadership:
Industry Leader: HDFC is a market leader in the housing finance sector in India, with a strong presence and extensive reach across the country.
Reputation and Trust: The brand is synonymous with trust and reliability, having established a strong reputation among customers and stakeholders.
Innovation and Adaptability:
Technological Innovation: HDFC has been at the forefront of adopting technology to enhance customer experience, streamline operations, and improve efficiency.
Product Diversification: The company offers a wide range of financial products and services, catering to various customer needs and preferences.
Strong Management Team:
Experienced Leadership: HDFC's leadership team comprises experienced professionals with a deep understanding of the financial industry, driving the company's strategic initiatives.
Visionary Strategies: The management's forward-thinking strategies have enabled HDFC to navigate market challenges and capitalize on growth opportunities.
Corporate Governance and Social Responsibility:
Robust Governance: HDFC adheres to high standards of corporate governance, ensuring transparency, accountability, and ethical practices.
Social Impact: The company is committed to corporate social responsibility (CSR) initiatives, contributing to social development and community welfare.
Conclusion
HDFC's breakout indicates potential positive momentum in its stock price, driven by strong financial performance, market leadership, innovation, experienced management, and commitment to corporate governance and social responsibility. These attributes make HDFC a reputable and reliable company in the financial sector.
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 matters before investing And taking any decision. We are not responsible for any profit/loss you made.
HDFC BANK _ Reached Pole TargetHDFC BANK _ Falling Wedge Pattern formed and Breakout yesterday. Today Reached Falling wedge Pole Target and Channel Top.
HDFC BANK S/R for 3/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
HDFCBANK Defies Market Panic Amid Election Volatility?HDFCBANK Stock Analysis – June 2024
Overview:
On May 30, 2024, the HDFCBANK spot closed at 1514.85 with an ATM IV of 25.69. According to my algorithm, the VVIX (VolatilityVision Index) was at 25.5614, indicating that bullish investors in this stock were not panicking over the impending Lok Sabha election results on June 4, 2024.
Key Levels:
- Probable Resistance: 1600.10
- Ultimate Breakdown Level (Black Swan Event): 1239.65
- Crucial Midpoint: 1419.20 (derived from the average of the resistance and breakdown levels)
Price Action Analysis:
Post-May 30, 2024, these levels showed significant correlation with market movements:
- June 3, 2024: Following stellar exit polls, HDFCBANK spot opened at 1599, which was also the day's high, demonstrating respect for the resistance at 1600.10. The stock closed at 1572.20.
- June 4, 2024 (Election Results Day): The stock opened at 1557.00, peaked at 1559.00, and then collapsed to a low of 1454.00. This action again showed respect for the midpoint price of 1419.20, implying that traders bought the dip with a stop-loss at this level.
Outlook:
If HDFCBANK spot does not test the midpoint of 1419.20, I expect the stock to retest the resistance at 1600.10. This is my personal view, and I am not suggesting anyone follow this analysis without their own due diligence.
Stay updated with more insights and analyses on our channel.
HDFC BANK _ Next Target is 1994 rupees (0.6 Fibonacci Extension)HDFC Bank is approaching its all-time high. If it Breakout above the resistance level, HDFC Bank could reach a New All-Time High, with the first target at 1994 rupees (0.6 Fibonacci extension level). The second target is 2385 rupees (100% Fibonacci extension). This is a Long-Term projection, so it is important to follow trend continuation techniques.
I want to help people to Make Profit all over the "World".
HDFCBANK-LONGSharing my bullish outlook based on HDFCBANK. Would love to hear your thoughts and insights on this setup.
