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HDFCBANK

BANKNIFTY - 1 Day Time Frame Analysis📈 NSE:BANKNIFTY - 1 Day Time Frame Analysis This chart shows a classic Inverse Head and Shoulders pattern forming on the daily timeframe of BankNifty. This is a bullish reversal pattern, generally indicating a potential shift from a downtrend to an uptrend. Left Shoulder: Formed around April 23rd–25th, marked by a short-term low. Head: The lowest point in the pattern, formed around May 8th. Right Shoulder: Formed around May 28th, indicating buyers are stepping in earlier, showing strength. The neckline resistance lies near 55,913, which the price is currently testing. A decisive breakout above this level, with good volume, could signal a further upward move towards the higher resistance zones like 56,526, 56,907, and possibly 57,292. Key Support Zones: 55,167 54,791 54,479 Traders may look for a daily candle close above 55,913 for confirmation. Risk management is crucial as a failed breakout may lead to a retest of support levels. TRADE PLAN: 🔹 Entry: On a daily candle close above 55,913 (neckline resistance). Preferably with strong volume confirmation. 🔹 Targets (Upside Levels): Target 1: 56,526 Target 2: 56,907 Target 3: 57,292 🔹 Stop Loss: Below 55,167 (recent support and right shoulder low) Conservative traders can use a tighter stop below 55,400 (previous candle low). 🔹 Risk Management: Use appropriate position sizing (risk only 1-2% of capital). Wait for candle close above breakout level, not just intraday movement. 🔹 Invalidation: If price fails to hold above neckline and breaks below 55,167, pattern becomes invalid. This setup favors bulls as long as price sustains above the neckline. Disclaimer: This analysis is for educational and informational purposes only. Please consult your financial advisor before making any trading or investment decisions.
NSE:BANKNIFTYLong
by thetradeforecast
2
HDFC BANK ANALYSIS – 1H TIMEFRAMENSE:HDFCBANK Symmetrical Triangle Pattern Forming A breakout or breakdown is likely soon. Price is consolidating within the triangle range. HDFC BANK ANALYSIS ON 1 HOUR TIME FRAME IMPORTANT LEVELS TO WATCH: Resistance: 1941 – 1958 – 1970 Support: 1913 – 1898 – 1885 📌 Chart Pattern: Price is forming a symmetrical triangle which indicates a potential breakout or breakdown. A breakout above 1941.75 (purple line) can trigger a bullish move. A breakdown below 1913.25 (purple line) can attract sellers. 📌 Wait for a breakout confirmation before entering a trade. 👉🏻 @thetradeforecast
NSE:HDFCBANK
by thetradeforecast
HDFC Life Insurance – Bullish Breakout on Monthly ChartHDFCLIFE is forming a strong ascending triangle on the monthly chart, signaling long-term bullish potential. A breakout above ₹750 with volume can trigger a fresh rally toward ₹880–₹920 in the coming months. RSI is trending up with strong momentum, which confirms buying interest. In the short term, ₹715 acts as support. Long-term investors can accumulate on dips. Short-Term View: Buy on dips above ₹715 | Target ₹780 Long-Term View: Breakout above ₹750 | Target ₹900+ For educational purposes only
NSE:HDFCLIFELong
by rmhetre15
HDFC BANK: Consolidation Breakout of 48 months - is wait over?With Nifty reaching to 26k without the participation of HDFC bank made many investors un-comfortable. However now, Looks like the wait is about to over as Monthly Consolidation for almost 48 Months - 4 years is visibly broken but yet to give confirmation on candle close. If the April 2025 candle closes above consolidate area then it will further increase the possibility of 30% up move. DISC: Only for education purposes. Please consult your financial advisor before making any decision.
NSE:HDFCBANKLong
by trade_opportunities
HDFC Bank Range Breakout: A Good Buying Opportunity...?After a period of strong consolidation, HDFC Bank has successfully cleared the resistance level at 1660. This breakthrough indicates potential upward momentum in the stock's price. Currently, the stock is retesting this 1660 level, which could serve as a crucial support zone before it continues its upward journey. Considering the current market conditions and the recent price action, this presents an opportunity to enter a long position. We should aim for a first target around 1719, the next resistance level to watch. If momentum remains strong and the stock continues to rise, a second target can be set at 1808. As always, it's essential to manage risk, especially in a volatile market environment. Therefore, implementing stop-loss orders is recommended to protect against any unexpected price movements. This strategic approach can help secure profits while mitigating potential losses as we navigate this trade.
NSE:HDFCBANKLong
by Kartik_Elkunchwar
HDFC Bank Rangebound Ahead of Quarterly ResultsHDFC Bank is currently navigating a range-bound market, maintaining stability with the upper range set at 1660 rupees and the lower range at 1629 rupees. This price action occurs in the lead-up to the eagerly anticipated earnings report, which is scheduled for January 22nd. Investors should consider positioning themselves for potential movements based on the earnings results. If the bank exceeds market expectations with strong financial performance, it may break through the upper resistance level of 1660 rupees. A successful breakout could lead the stock to test the next significant resistance level at 1717 rupees, potentially offering a lucrative opportunity for long traders. On the other hand, if the earnings report fails to meet expectations and the stock breaks below the lower support level of 1629 rupees, this could trigger selling pressure. Should this scenario unfold, we might see the stock decline further, possibly approaching the critical support level at 1595 rupees. Thus, traders should remain vigilant and prepared to adjust their strategies based on the upcoming results, whether considering long or short positions accordingly.
NSE:HDFCBANK
by Kartik_Elkunchwar
Swing Trading Strategy: HDFC Bank (HDFCBANK)Stock Outlook: I maintain a bullish outlook on HDFC Bank (HDFCBANK) with a swing trade target of ₹1913.15 by February 27, 2025. This target aligns with the current technical and market trends indicating upward momentum. Stop Loss Strategy: To manage downside risk, ₹1600 has been identified as a crucial support level. Any daily settlement below this level will signal a potential breakdown, and positions should be exited accordingly. Key Notes: Risk Management: Ensure position sizing aligns with your overall risk tolerance. Timeframe: This strategy is based on a swing trading approach and is meant to capitalize on short- to medium-term market movements. Disclaimer: This trading strategy is for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and all trades carry risks. Please consult a financial advisor or conduct your own research before making any investment decisions. Past performance does not guarantee future results.
NSE:HDFCBANKLong
by IndexAce
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.
NSE:HDFCBANKLong
by IndexAce
HDFCBANK : Approaching Key Breakout ZoneOverview: HDFC Bank Ltd. is showing a series of breakout attempts, suggesting a build-up of buying pressure. The stock has repeatedly tested a resistance zone, indicating a potential for a breakout if this level is breached with strong momentum. Key Levels and Zones: Resistance Zone (Multiple Breakout Attempts): The stock has faced resistance around the ₹1,750 - ₹1,760 level on multiple occasions, marking this area as a critical breakout point. A sustained breakout above this level, particularly on a weekly basis, would signal bullish strength and could lead to a strong upward move. First Resistance for Retest (₹1,881): Once the breakout is confirmed, the stock may face initial resistance around ₹1,881, where some consolidation or a retest of the breakout could occur. Second Resistance for Consolidation (₹1,992): If the stock sustains above ₹1,881, the next significant resistance level is around ₹1,992. Consolidation at this level could provide additional momentum for further upside. Target Zone (₹2,231): Upon clearing the earlier resistance levels, the stock has potential to reach the target zone at ₹2,231, representing a new high and a possible long-term target for investors. Technical Indicators: The stock is trading near its 200-week moving average, suggesting it is above a strong long-term support level. The formation of higher lows indicates an uptrend, adding to the bullish sentiment.
NSE:HDFCBANKLong
by LiveTradingBox
Hdfcbank moments for intraday and option trading 26/Nov/2024Hdfcbank moments for intraday and option trading 26/Nov/2024 HDFC Bank share price climbed above Rs 1,800 to hit a fresh all-time high on 25 November, as trading volumes saw an extraordinary surge with the MSCI November rebalancing coming into effect. More than 21.5 crore HDFC Bank shares were traded across NSE and BSE — nearly 8.6 times its 20-day moving average volume of 2.5 crore shares. The bulk of the trading activity occurred in the final half-hour of the session, with 19 crore shares sold after 3:00 pm. The share price of HDFC Bank climbed above Rs 1,800 during the trading session, hitting an all-time high of Rs 1,803.55. It settled at Rs 1,785.6, up 2.3 percent from the previous close.
NSE:HDFCBANK
by ARROWINDEX