Important Levels for the Year 2023 NSE:HDFCBANK NSE:BANKNIFTY
Disclaimer: All the given analysis is not an Investment / Financial Advice. These levels and analysis is for educational purposes.
We have seen Some bearish movement in the past session, and currently HDFC BANK is Trading near Important level.
I have tried to mark all the important level for the month of August as well as for the year for HDFC BANK .
I will Share this Idea In two timeframes 1st being the 1 HOUR timeframe which will be useful in the Monthly analysis and 2nd I will share this Idea using daily timeframe for Yearly analysis.
Since market movements are based on calculated Probability so we have to be prepared for all the moves whether its bullish or Bearish.
My view for this year is on the Bullish side but in order to be bullish it need to respect the support level .
I will try to keep these levels updated here and in MINDS section. So stay subscribed to get the notification of the updates quickly.
HDB trade ideas
Long Term IN HDFC BankAfter analyzing fundamental data and watching FII and DII movement in HDFC is Continually increasing. And according to history whenever it break monthly range it will easily give targe of minimum 30% and maximum we don't know but for a roughly idea its about 80-100%.
After breakout of monthly range we can easily expect minimum target and it is good for long term.
This is my opinion on HDFC Bank.
Do Investment after your analysis according to your risk.
HDFCBANK--Trading in a channel??the stock is trendnig upwards...
previously a strongfall is observed from the zone 1740.
price again broken this zone and failed to close above that zone...
and again a strong fall is observed...
now price is trading near to its previous resistances...
keep an eye on these levels...
HDFC Bank lookout for coming days...HDFC has completed the impulse and ready to go for the correction.
Expect correction till the rectangle box.
Stay safe and Trade safe.
Note: The above information is just an idea and not a trade recommendation. Consult your financial advisor before taking any trade or trade at your own risk.