HDFC Bank simplified! Too much panic.Seems to be correcting in a 3 wave (Zig-Zag) manner after 5 waves up!
Almost at the golden pocket, let's see how the price reacts from there.
Great setup in my opinion with a clear invalidation level.
Nothing much more to say, will update in a few days.
Thanks for reading!
HDFC
HDFC life looks goodIn this video, we have seen the hdfc live a short history from which level it started The level it hit and the levels which we are expecting in coming days. We have provided few levels for entry. We have also provided few stop losses Other than that, we have provided few targets in this video . Please go through the video And if you have any question, now, please feel free to ask or send me a message. I will try my best to answer those questions. Thank you everyone
HDFC BANK will double till 2027HDFC bank is presently at good levels and the whole market has moved up, but banking sector has not given good returns from the last 3 years. Profit of HDFC bank in 2019 was 22446 crore. The profit didn't decline in 2020 and in 2023 the profit was 46149 crore. The profit doubled but stock price did not This trend will be broken, and the banking sector will give massive returns to cover up the last 3-year performance and will continue with the future growth. HDFC bank will not see 1600 levels in the future under normal circumstances. Can also consider investing in Bankbees. Hope you learned something new. Happy learning, Happy investing.
HDFC BANK SELLHi, According to my analysis of HDFC Bank stock, there is a high probability of a downturn. The price bounced from a very strong area, which is the resistance at 1720. Two very negative candles were formed, as shown in the analysis. We also notice that the stock is trying to break the flat pattern. Finally, good luck to everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
TRIANGLE breakout in HDFC AMCElliott Wave Analysis:-
Triangle breakout has happened and retracement is taking place.
with 2649.35 as stop loss we can get entry at current level.
Target
1. it has to cross 2737
2. 2772
3. 2800 - 2854
if the C wave was broken downside then the triangle may be in reverse and the fall will be the size of the A wave we marked.
When will you get Gains on HDFC Bank? In how many days?I can see that HDFC Bank has touch this level so many times and it had gained a lot around 10%-15% in 30 to 40 days as I have drawn in the chart.
From this point I have clear vision of making around 20% gain.
It may show good upward move as the Nifty and Sensex stabilize.
HDFCBANK HDFCBANK - The stock has a bearish wave downwards and could continue to further lower levels. A consolidation below the trendline is a possibility. However, the moves are quite strong when in wave 3.
This idea is based on the Elliott Wave theory. Manage your own trade/Investment with proper risk management.
Banknifty - Strong Daily Demand AreaBank Nifty has touched its strong daily demand area which coincides with weekly demand area as well.
This demand area has given a 2700 points run in the recent days. So expecting a good bounce back towards 44500 and 45,000
HDFC has touched its demand area. 1768
Axis has also touched good support area - 929
Kotakbank almost touched its gap based demand area -1776 (1764 is the actual demand area)
ICICI touched daily support area 946
SBI touched its magical number 555
So we can expect a big bull run in Bank nifty which will push Nifty towards 20,000.
OI chart also indicates good support near 43800 and 43700 but it has a resistance at 44, 000 which will cause a short covering rally.
Moreover Bank Nifty was down 6% straight 21 days from 21-July ( so Burry's short news would have factored in already) , so expecting a good short covering rally in Bank Nifty.
Note: This is only for educational purpose.
HDFC... The Legend.. Lifejourney... Good Bye HDFC.. A jewel in Indian stock market completed its journey... The Legend.. Time to say Good bye and see in new Avataar !!
HDFC - Almost nearning demand zoneHDFC is nearing demand zone.
Good buy on the Banknifty and HDFC for short term once it touched the demand zone.
Note: This is for educational purpose.
hdfc buy @ 2650 target @ 2750, 2850, 2998 ascending triangle hdfc buy @ 2650 target @ 2750, 2850, 2998
ascending triangle breakout and retest
risk reward 3.23
sl @2541
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.
HDFCNSE:HDFC
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
HDFC AMC high potential gains possibility target 2795.80upper limit- 2795.80
cmp- 2000
gain- around 40% from present level
HDFC group company with high brand value.
potential gain of 40% from the present level, supported by its increasing yearly profits and consistently good quarterly results. Its present PE ratio is 29.9 while the lifetime median PE ratio is 41 further supporting the chances of an uptrend.
HDFC: TRENDLINE SUPPORTWatch HDFC for its trendline support test and wait for a reversal pattern on it to go for a long
Also 200 Moving Average support below trendline
HDFC @ End of Down trend ??Observations::
------->> It is in a down trend, price is going down after a consolidation stage.
------->> Look for buy we have a strong up move detected in the zone 2635.
keep watch this level for be on the buy side, wait for confirmation before going to buy.
Consolidation + down side = Up move may possible.
keep track this level.
HDFC- Long Since hdfc closed above the previous high
And also retested above the previous high
Possibility for filling the gap is very high
And OI data indicates strong resistance at only 2800
Till 2800, there will be a strong rally.
Fib 0.6 coincides with the IO data
Closed above Fib 0.3 and retested
HDFC - Ascending TriangeHDFC - Ascending Triange
Ready to breakdown or Breakout, we need to wait and watch for the sides, hdfc is taking.