HDFCBANKNSE:HDFCBANK
One Can enter now!
Or Wait for a retest of the trendline(BO)!
Or Wait for a better Risk:Reward Ratio!
Note :
1. One should go long with a StopLoss, below the Trendline or the Previous Swing Low.
2. Risk :Reward ratio should be minimum 1:2.
3. Plan your trade as per the Money Mangement and Risk Appetite.
Disclamier : You are responsible for your profits and loss.
The idea shared here is purely for Educational purpose.
Follow back, for more ideas and thier notifications on your email.
Support and Like incase the idea works for you.
HDFCBANK
HDFC BANKTechnicals:
1) HDFC Bank share was in a range for almost 3.8 years.
2) Despite seven previous attempts, the price failed to close above the trend line, but on the eighth attempt, it successfully closed above it.
DISCLAIMER: Strictly for discussion purposes only, not for making investment decisions.
HDFC BANK LONGTERM
HDFC Bank can be a good long-term investment for a number of reasons, including its quality, stability, and returns:
Quality
HDFC Bank has higher scores for quality than other blue-chip lenders, and its stability ratios are superior.
Returns
HDFC Bank has given returns of +18.93% in the last year, and +82.31% in the last 3 years.
Analyst ratings
18 analysts have given HDFC Bank a strong buy rating, and 14 analysts have given it a buy rating.
However, stock investment depends on several factors, and investors should consider their own investment goals and horizon before investing.
HDFC Bank upside target 1680 A good rise can be seen again in HDFC Bank. After rising above the strong support of 1600, the stock is currently closed at 1632.10 above 20 SMA 1623.95. From where the stock may see a rise of 2 to 4 percent in the coming week. It is also possible that the stock may touch the target of 1680 next week.
HDFC Bank Ltd - Approaching Breakout LevelsHDFC Bank is nearing a potential bullish breakout above 1,684.00, with the next resistance level at 1,794.00. The stock has been consolidating and shows signs of upward momentum. Keep an eye on these levels for a decisive breakout, which could lead to a strong move higher.
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.
Share and like if this was helpful.
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!
HDFCBANK: A technical outlookThe chart is pretty self-explanatory as always :)
What do you make of this price action?
Have Requests, Questions, or Suggestions? DM us or comment below.👇
⚠️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 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 1700 CE 25th July 2024HDFCBANK 1700 CE 25th July 2024
1. Spot Analysis:
- HDFCBANK is currently near its one-year high and is trading with good volume.
- The latest tick shows a price rise supported by strong volume.
- The MACD (Moving Average Convergence Divergence) is trending up nicely, both in relation to the signal line and the zero line.
- A new high has been created, indicating the possibility of a breakout.
- The weekly candlestick pattern is Three White Soldiers, formed at a pretty high level, suggesting continued momentum.
2. Option Chain Data:
- The HDFCBANK 1700 CE has a strike price of ₹1700.
- The call option price is ₹53.7.
- The open interest (OI) is 4,012,800 contracts.
- The implied volatility (IV) is 21.87%.
- The spot price is ₹1711.35.
- The delta is 0.58, gamma is 0.76, rho is -1.01, theta is 1.91, and vega is -3.54.
- There is a long build-up in this call option.
3. Conclusion:
Based on the technical analysis and option chain data:
- The bullish momentum, strong volume, and positive MACD suggest a favorable outlook for HDFCBANK.
- The Three White Soldiers pattern adds to the bullish sentiment.
- Considering the long build-up in the 1700 CE, one can consider going long on this option.
Remember to perform your own due diligence and consider risk factors. 🚀
Right time to book profit in HDFC Bank?
From 1390s level to 1690s level is great run for HDFC bank in last few months. Almost 17-18%. But i think this is time for us to short HDFC Bank, or at least book profit. As last 5 days of every month, Nifty is mostly profitable, it can go up for few more sessions, but buying is definitely not suggested.