HDFC Bank LtdImmediate targets of HDFC Bank is mentioned.
*investments in equity is subjected to market risk do own research before investing.
HDB trade ideas
Comprehensive Analysis and Future Outlook for HDFC Bank in 2024Technical Analysis Show Formation of Rising Wedge Pattern whose breakout can take it back to 1780 in near term.
HDFC Bank, a leading private sector bank in India, has consistently demonstrated robust financial performance characterized by increasing loan books, net profits, and return on assets. However, the banking sector is inherently influenced by macroeconomic factors. A potential economic slowdown could impact loan growth and asset quality for HDFC Bank, while rising competition from both public and private sector banks might erode its market share.
Despite these challenges, HDFC Bank's strong fundamentals and market position make it a potential investment candidate.
Future Trend Analysis for 2024
Digital Transformation: HDFC Bank’s continued investment in digital banking and fintech partnerships is expected to drive customer acquisition and enhance operational efficiency.
Expansion Plans: The bank's strategic expansion into rural and semi-urban areas is set to capture new market segments.
Regulatory Environment: With the evolving regulatory landscape in India, HDFC Bank's proactive compliance measures will ensure minimal disruptions.
Economic Factors: The anticipated economic recovery post-pandemic, along with government initiatives to boost the banking sector, will play a crucial role in HDFC Bank’s performance. Increased economic activity and consumer spending will likely lead to higher loan demand and growth in deposits.
Competitive Landscape: While competition in the banking sector remains intense, HDFC Bank’s strong brand reputation and customer loyalty will help it retain its market leadership.
Investment Outlook
HDFC Bank is poised for sustained growth in 2024, supported by its strategic initiatives and favorable economic conditions. Investors can expect steady returns, underpinned by the bank’s strong fundamentals and forward-looking strategies. However, it's essential to keep an eye on macroeconomic indicators and any significant regulatory changes that could impact the banking sector. The bank’s ability to navigate challenges and capitalize on opportunities will be crucial in maintaining its upward trajectory.
Disclosure: The publisher of this idea is not a SEBI registered analyst. The information shared here is solely for educational purposes and should not be interpreted as financial advice. Always consult with a qualified financial advisor before making any investment decisions. The publisher does not endorse social media shares on any platform.
HDFC Bank: The highs and lowsThe price is about to pivot after remaining in the range 1756.30 and 1272.80 since the year 2021. The management is beginning to communicate better with the public hence dispersing extant fears.
You would notice from the chart that the current unfolding price pattern is similar to the price structure in the rectangle. There’s a high probability that the price will reverse as it did at point A.
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HDFC BANK WEEKLY ANALYSISSUPPORT AREA AT 1545-1585 AND RESISTANCE AT 1725 IF BREAKOUT AND SUSTAIN THIS LEVEL ON WEEKLY CHART, NEXT TARGET 1945 APPROX AND ABOVE...
Support Area at 1545-1585 and Resistance at 1725 if Breakout and sustain at this level on weekly chart, next target is 1945 and above. Happy Trading.
HDFC Bank could reach 1850 by end of OctoberAs the chart indicates, there's significant resistance near 1750-1700, with the stock testing this range 3-4 times and forming a bullish pattern. Applying wave theory, we've completed waves 1, 2, and 3, are in the midst of a running 4th wave, and anticipate a 5th wave breakout above 1750-1700. With current support on EMAs, it appears to be an opportune time to accumulate HDFC Bank, with a strong conviction that 1550 will hold.
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.
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.
