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HDFCBANK

HDFC BANK at 200SMA Breakout - Mix indicator result - Next Level#HDFCBANK Q1FY21 advances stood at Rs 10,045 Billion vs Rs 8.297 Billion YoY. Deposits at Rs 11,895 Billion vs Rs 9,546 Billion YoY while CASA Ration at 40% vs 39.7% YoY which will help to make better operating efficiency of the Bank. Yesterday, Stock breakout the upper trendline but closed below 200SMA after hitting. Today open above but shown bearish movement and closed above trnedline. If NIFTY will bullish tomorrow then stock will hit 200SMA else it will move to down from trendline. Showing Mix result in all indicator: Increase in Relative strength - Sectoral Index MFI bearish CCI in overbought RSI is trending UP Stoch in overbought New Long ---------------------------------------------------------- Support : 1085 and 1068 Breakdown : 1093 CMP : 1105 Breakout : 1111 Short Target : 1122 and 1138 ---------------------------------------------------------- Negative Point: 1) HDFC Bank clarify about raising money via QIP/ADR and said news are purely baseless and speculative. ---------------------------------------------------------- (Disclaimer: This is only for educational purpose.)
NSE:HDFCBANK
by singajai
First Sign of Exhaustion in HDFCBANK ChartsToday in a very strong market, HDFCBANK opened with GAP UP but could not show much strength as it has been showing for a few days. On Hourly charts two Doji has been formed with long up wicks that indicates exhaustion. Tomorrow if price of HDFCBANK opens with GAP DOWN, this may create an island reversal (Speculative only and it depends upon Tomorrow's opening and high). If it opens with a gap down, then, there may be an exit or a short opportunity in HDFC Bank. Tomorrow if market opens strong but HDFCBANK opens weak, then, its time to exit long trades but, ideally, we should wait for the market to turn weak before shorting in this stock.
NSE:HDFCBANKShort
by Gann-Elliott-Trader
HDFC BANK ::: LONGMy analysis INSTRUMENT: HDFC BANK TIME FRAME: DAY Other time frames for confirmation: 1hr, 3hr, 4hr & day time frames. INDICATORS AND THEIR TRENDS: PSAR: Bullish STOCHASTICS: Bullish SUGGESTED TREND: Bullish Technical levels for End of day: CMP: 990.40 Buy above: 978.50 SL: 950 TARGET 01: 982 TARGET 02: 986 , 996, 1001 HDFC BANK is it is expected to be bullish on a short term basis. We are expecting that if it stays above 1042 then we may even see 1051, 1076, 1085 levels also.
NSE:HDFCBANKLong
by ajithchand-bhandaari
Banknifty 12th juneHi traders 11th june trade: Hi, I updated on my trading channel in the morning to short the bank nifty with the target of 20650-20350 as updated on the tradingview yesterday. 12th june expectation: It will be a bearish move now first a gap down we can short it in the morning directly support 19700/19500/19000. Resistance is at 20100/20650/21000. My suggestion wait for a bounce a don't long there sell that bounce. To get live updates during market hours you can message me.
NSE:BANKNIFTYShort
by tachyontrading