Analysis of HDFC Bank Ltd. Option Data: Position BuildupAnalysis
The data shows that HDFC Bank Ltd. has a spot price of 1530.5, while there is active trading in options with a strike price of 1600.00. The contracts for these options closed at 25.50 with a 4.72% increase from the previous day, indicating some positive sentiment.
The high open interest (4647500) suggests that there are a lot of positions in the market, indicating significant trader interest. The very low Put-Call Ratio (0.096) points towards a predominance of call options being traded over put options, which typically indicates bullish sentiment among traders.
Given the "Position Build Up" reading, it can be inferred that traders are building positions in anticipation of an upward movement in HDFC Bank's stock price. This is further supported by the low PCR volume, implying that many traders expect the stock price to rise above the current level.
Summary
The market sentiment towards HDFC Bank Ltd. appears to be bullish.
There is a significant interest in options with a strike price of 1600.00.
The increase in option price and the low Put-Call Ratio suggest that traders expect the stock price to move up.
The overall reading indicates a buildup of positions, reinforcing the expectation of an upward trend.
HDFCBANK
Bullish Trends in HDFC Bank Ltd: A Comprehensive AnalysisHDFC Bank Ltd., a stalwart in the Indian financial landscape, is currently exhibiting significant bullish signals. With its spot price at 1517.2 and several key market metrics pointing towards positive momentum, it’s essential to delve into the specifics to understand the implications for investors and traders. In this blog post, we’ll dissect the data on spot price, strike price, traded contracts, open interest, and changes in call options to provide an in-depth analysis of HDFC Bank's current market stance.
Key Data Points
Name: HDFC Bank Ltd.
Spot Price: 1517.2
Strike Price: 1500.00 (As of 27th June 2024)
Max Traded Contracts: 5,788
Call Open Interest (OI) (All Strike Prices): 12,027.40 K
Call Turnover % Change (All SP): 26.17%
Call Contracts % Change (All SP): 23.99%
% Change in OI (All SP): 16.72%
Thorough Analysis
Spot Price vs. Strike Price
The spot price of HDFC Bank Ltd. at 1517.2 is notably above the strike price of 1500.00, as of June 27, 2024. This suggests a bullish sentiment in the market, with the spot price comfortably exceeding the predetermined strike price.
Maximum Traded Contracts
The substantial volume of traded contracts, with 5,788 contracts, indicates robust trading activity and considerable interest in HDFC Bank Ltd. This high volume suggests that numerous market participants are actively engaged, potentially positioning themselves for favorable price movements.
Call Open Interest (OI)
With call open interest across all strike prices standing at an impressive 12,027.40 K, there’s a clear indication that a significant number of traders hold long positions in call options. This suggests a bullish sentiment towards HDFC Bank Ltd., with expectations of upward price movements.
Surge in Call Turnover
The 26.17% increase in call turnover reflects a notable uptick in the value of call options traded. This surge suggests heightened buying activity, as traders anticipate further appreciation in HDFC Bank Ltd.'s stock price.
Increase in Call Contracts
The 23.99% rise in the number of call contracts traded indicates a substantial increase in trading volume for call options. This surge in activity suggests that more market participants are entering positions in call options, potentially expecting HDFC Bank Ltd. to experience upward momentum.
Change in Open Interest
The 16.72% increase in open interest indicates the creation of numerous new positions. This rise suggests growing market participation and commitment, with traders anticipating future price appreciation in HDFC Bank Ltd.
Conclusion
The data underscores a bullish sentiment surrounding HDFC Bank Ltd., with multiple indicators pointing towards positive momentum. The spot price comfortably surpassing the strike price, coupled with high trading volumes and substantial increases in call turnover, contracts, and open interest, suggests that market participants are optimistic about the stock's prospects.
Market Sentiment and Outlook
This bullish outlook could be attributed to various factors, including strong financial performance, positive industry developments, or favorable market conditions. Investors should closely monitor HDFC Bank Ltd.'s price movements and key technical levels, as they can provide valuable insights into future market trends.
Disclaimer
This analysis is for educational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions. Market conditions can change rapidly, and it's essential to consider individual risk tolerance and investment objectives.
By analyzing these indicators and staying informed about market trends, investors can make more informed decisions, potentially capitalizing on the bullish signals exhibited by HDFC Bank Ltd.
HDFC BANK 15m TIMEFRAME PROJECTION5-Minute Timeframe has a strong order block area.
The last 1h candle is supportive and fat bullish candle.
The overall trend is bullish.
HDFC LIFE is going to blast !!HDFC life is a underperformer for Many years.
Stock is forming Broadening Pattern in a long term
We can see stock has bounced back from the support and now in an uptrend stock has formed Falling wedge
Which indicating that stock may go up from hereon
Also Stock is around the support of Falling wedge
Long term support is around 480-500 levels.
One can start accumulate the stock for good return !!
Thank You !!
Fundamental Picks - Stock PE < 20 (NIFTY BANK)📊 Script: BANKBARODA
⏱️ C.M.P 📑- 254
🎯 PE 🏆 - 6.98
📊 Script: FEDERALBNK
⏱️ C.M.P 📑- 159
🎯 PE 🏆 - 9.33
📊 Script: BANDHANBNK
⏱️ C.M.P 📑- 187
🎯 PE 🏆 - 10.12
📊 Script: SBIN
⏱️ C.M.P 📑- 817
🎯 PE 🏆 - 11.43
📊 Script: INDUSINDBK
⏱️ C.M.P 📑- 1410
🎯 PE 🏆 - 12.66
📊 Script: HDFCBANK
⏱️ C.M.P 📑- 1437
🎯 PE 🏆 - 16.07
📊 Script: IDFCFIRSTB
⏱️ C.M.P 📑- 76
🎯 PE 🏆 - 17.13
📊 Script: PNB
⏱️ C.M.P 📑- 123
🎯 PE 🏆 - 17.89
📊 Script: ICICIBANK
⏱️ C.M.P 📑- 1117
🎯 PE 🏆 - 18.44
📊 Script: KOTAKBANK
⏱️ C.M.P 📑- 1627
🎯 PE 🏆 - 18.49
Formula to calculate PE = MVP/EPS
MVP - Market Value Per Share (Stock Price)
EPS - Earning Per Share
Industry(NIFTYBANK) PE - 15.7
Always Compare Stock PE with Industry PE for Better Understanding.
LOWER THE PE MORE ATTRACTIVE THE COMPANY.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
HDFC Bank 1D Timeframe ProjectionHDFC Bank 1D Timeframe Projection
Allover Market is Bullish It's just a retracement.
The 1D timeframe projection for HDFC bank indicates a bullish trend in the market that is currently undergoing a retracement. This presents an opportunity for long-term traders or investors who seek to capitalize on the prevailing market conditions. The current trend suggests that the market may experience an upswing in the near future, making it an ideal time for potential investors to consider long-term positions. The current market conditions present a favorable climate for investors seeking to establish long-term positions in HDFC Bank.
Bearish trend breakdown in the daily chart of HDFC BankAnother breakdown in the daily chart of HDFC Bank.
It has respected support at 1480 but we may see a dip if the same is broken.
There is a sort of a double top pattern made before the breakdown which makes me bearish.
Can sell for targets below 1420.
Educational purpose only
HDFC Bank, Playing out well3 months since my first idea on HDFC Bank.
After correcting in a zig-zag pattern, price reversed from a little below the projected green Fibonacci zone.
I would like so see a fewer more higher highs as shown via red path to call it a clear impulse.
A break of corrective channel would add confidence.
All in all it was a good trade to take with a very low risk.
Shall update as price develops further.
Thanks for reading :)
#Banknifty levels #optionwritersImportant Banknifty Levels for upcoming days.
Levels or Zones marked are based on Strong zones, and Momentum levels
Time to take short position in HDFCBank
Time to take short position in HDFCBank. Will it again go back in 1400 range ?
Long-Term Growth Potential of HDFC Bank Hello everyone, I'm sharing a long-term investment plan on HDFC Bank. The price is currently at a great level, about 1400. Over the last two to three weeks, the stock has been declining, and it is currently near a buying/support region. If the stock breaks this level, we will purchase some dips and hold until the 1000 level to break even.
1900 would be the first target, and roughly 2400 would be the second.
BankNifty Eyeing All-Time Highs, Targets 51KThe BankNifty is showing strong momentum as it aims to surpass its previous all-time high levels and move towards the target of 51K. Analysis of the charts indicates a breakout of the triangle pattern, suggesting bullish sentiment. However, confirmation will be established if the price successfully breaches the all-time high of 48636.40 and maintains above this level. In such a scenario, fresh buying interest can drive the index towards the 51K mark. The target is derived from Fibonacci extension analysis.
It's important to remain vigilant as the setup could be invalidated if the price retreats and breaks below the support level of 47300.
Your feedback, suggestions, and requests are highly valued. Feel free to comment if you find this analysis helpful and consider following for more updates. Any input or advice from your end is warmly welcomed.
Disclaimer: The views expressed here are solely my own and for educational purposes only. Make sure you consult your Financial advisor before investing, as I won't be responsible for any losses incurred.
Is HDFC Bank Finished?Is HDFC Bank Finished?
The leader remains leader. Today, the counts of HDFC bank came to the eyes. And I thought to share with you guys.
Please like share and comment if something you find better.
Regards.
HDFCBANK LONG Target 1700The chart in weekly timeframe clearly shows a deformed inverse H&S with a target of 1700 in 2 to 3 months time from now
HDFCBANKwe are looking HDFCBANK short fall.
Disclaimer:
Kind regards to all friends and members ,
Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
HDFCBankHere is the important zone for Hdfcbank Looking good in bullish view for long & low risk right now
Disclaimer : im not Sebi register Analyst
HDFC BANK Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand
--------------------
1-16-2024
GREEN TrapZone with GREEN UMVD. UP swing, price may come back into the Green TrapZone
HDFCBANK--Drop Base Drop??This stock is now at resistance zone.
price previously a strong fall is noticed from top side @ATH Levels,
price is now in consolidation at support levels...
This is the place again we have to look for continuation or reversal again to test the bottom side demand at 1240 zone of support.
keep an eye on these levels.
HDFCBANK--This stock is now in consolidation.
we have a chance of manipulation below support levels...
keep look for buy side from this demand zone...
if price breaks the demand will look for short side continuation...OR Reversal again by bear trap.
HDFC Bank will growHDFC Bank has recently formed a falling wedge bullish pattern, with the price having already breakout. This pattern typically indicates a bullish reversal, suggesting a potential upward trend ahead. Traders may interpret this breakout as a signal to anticipate further price appreciation in HDFC Bank's stock. Monitoring for sustained upward momentum could provide confirmation of this pattern and guide investment decisions accordingly.
HDFC BANKHDFC BANK Monthly chart Ascending Triangle Pattern it break the trendline be careful if will break 1250 then go short 1Target 1152 & 2Target 711..
#ADANIENSOL 1176 Tgt 2500 #ADANIENT #ADANIPORTS #ATGL #AWL #ONGC#ADANIENSOL
NSE:ADANIENSOL
CMP 1176
TGT 2500
SL 900
TF < 9M
Great risk return trade off!
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
HDFC Bank - Is it the end of the fall - Daily chart reversalHDFC Bank Q chart. Top private sector bank. 3Y consolidation and is at the support of the trendline Feb 12. RSI(34) is below 70. Weekly chart formed Lower Low on Feb 12. This chart was previously shared.
Following up with this Quarterly chart, posting daily chart of HDFC bank in comparison with Nifty Private sector bank RSI & MACD. Rate of change of HDFC bank is above 0. While the oscillators showing positive sign, moving averages are yet to give positive sign.
However, if you've noticed quarterly chart, hdfc bank seems to have taken the support of the trendline. Also, in daily chart, white Marubozu candlestick can be seen on Feb 15. And Price is above Parabolic SAR value.
