Buy HDFCReason found to buy HDFC. LIC to take a 9.99% stake in HDFC. The acquisition will be completed within 1 year of time. It is a very big and positive news for shareholders. Those who have the stock hold it and those who don't buy it. Really a great news for Banking and Finance industry of India also. The stock will break its previous lifetime high to make a new one in the coming future.
HDFCBANK
HDFC BANK LOOKS GOOD @ ...After A Fall of 8% Hello everyone. So in this video of Hdfc Bank, we have talked about The overall history of Hfc Bank, from the point where we have seen the split in this talk in 2019. And then after we have seen a fall, and then after we have taken a slide insight about the top it made in 2021. Then after we have seen the levels where market have been sluggish and been passing it time from last two years. So we have marked few levels with Lines, as you can see in the charts of video. And then after we have talked about the levels where we should be looking for the buy entry in coming fall, if it falls further But we are not bearish on this talk. We have buy entry possible if you can take We don't want you to take a full entry. You can try with a smaller positions, ok? And if it falls further, then we can go for a better chunk of quantity So this is all on the hdfc bank Thank you.
Banknifty chart at Mid-Channel Support (Educational Post)The daily chart of Banknifty is looking nicely poised for a recovery if Mid-channel support line is held effectively. Mid Channel support right now is at 45700. Exactly where Bank Nifty closed today when I am writing this. If the mid channel support is broken we can see a further fall of Bank Nifty to 45469 or 44886 levels. In case the mid channel support works well the resistance on the upper side will be at 46544 (Mother line based on my Mother, Father and Small child story), 47271, 47906 and finally 48959.
Below par result of HDFC Bank was the main reason for the fall of Banknifty. The merger of two giants HDFC and HDFC Bank is putting pressure on the profit margins of the bank and top line growth is muted due to the same. It seems from the result of HDFC Bank that, consolidation of 2 mighty forces will take some time to rebuild the top line. It is a popular opinion that in the next 1 to 4 quarters the merger will stabilize and HDFC Bank should emerge from this saga as a mega force but we will have to see when it actually happens. HDFC Bank still remains a long term investment idea and Portfolio stock for many investors. However Banknifty took a terrible beating for the same reason. Results from other banks if good, can turn the pessimistic ambiance around Banknifty to that of recovery and consolidation. Mid channel line is there to support the same. 200 days EMA or the Father Line (those who know my Mother, Father and small Child story know it) can prove to be vital support for the falling comet. 200 days EMA is currently at 44539. We will have to see how it goes from here.
The main constituents Banknifty are HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra Bank, SBIN, PNB, Bank of Baroda, IDFC First Bank, Bandhan Bank, AU Bank and Federal Bank. All of these banks can be impacted in a small or a big way by the movement of Banknifty. Looking at the chart of Banknifty, individual charts, Fundamentals and Results of all these banks an investor can make his or her investment decisions.
Disclaimer:
Investment in stocks and mutual funds is subject to market risks, please consult your investment advisor before taking financial decisions. The data provided above is for the purpose of analysis and is purely educational in nature. The names of the stocks given in the above article and chart of the company or index is only for analysis. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts.
What to do with HDFC Bank Stock now is the question of the hour.My personal view point: (Educational Analysis)(My 2 cents)
1) HDFC Bank Remains a Portfolio Stock.
2) When to Mega Companies combine their forces such results can happen.
3) The momentum of fall can take the stock further down.
4) What HDFC needs to improve their Deposits and work on their Profit Margins.
5) Those who have HDFC Bank can hold it and see if it can bounce from 50 Weeks EMA on a weekly Closing.
6) Further support for the stocks will be at 1369 or 1271.
7) Think of reducing if 200 Weeks EMA is broken on weekly closing.
8) Reduce further if 1369 is broken on a weekly closing.
9) Reduce further if 1271 is broken on a weekly closing.
10) Those who want fresh entry can wait for the bottom formation and bounce thereafter.
11) Pain for 2/3 quarters more might be instore for investors.
12) HDFC remains a Long term investment idea.
The above information and that in the video is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
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!
HDFCBANK--Trendline Holds or Breaks??This stock is currently trading near its trendline...
a strong fall is observed from the previous resistance levels...
this is a good opportunity for us to enter long side....
If trendline breaks and retest will go for short side....
look for buying opportunities in this stock.
HDFCBANK : Divergence of Reversalwww.tradingview.com
HDFCBANK : HDFCBANK is about to touch its 52w HIGH level. However, there is a divergence being indicated at RSI on Daily timeframe chart. The similar divergence being indicated at price level as well. We need to be cautious as there are a few Gaps open at near 1640 and 1570.
As per Gap theory, every Gap has to be filled.
If it holds above 1720, it can go till 1800 at immediate next level. Else if it goes below 1700, it can go 1670 and 1550.
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.
Weekend Idea 1: HDFC Bank rising from the bottom, can blossom. HDFC Bank Ltd. is engaged in providing a range of banking and financial services including retail banking, wholesale banking and treasury operations. It is one of the top banks in the country. HDFC Bank Ltd CMP is 1532.10.
The Positive aspects of the company are Low debt, zero promoter pledge, FIIs increasing stake, MFs increasing stake, improving annual net profit, and Improving cash from operations annually.
Entry can be taken after closing above 1536. Targets in the stock will be 1605, 1641 and 1675. The long-term target in the stock will be 1719 and 1758. Stop loss in the stock should be maintained at Closing below 1400.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Short Sellers Can Be In Trouble In HDFC bankIn the given chart we can see that after big fall of two days,on daily price reverse back and close above the low of big red candle,which put short sellers in trouble who shorted on big red bars ,once price keep trading above the low of big red candle they will look for cover which can lead to short covering and also rally will resume
WEEKLY RSI AND DAILY RSI IS ALSO AT 40,SUPPORT EXPECTED
WITH 3 MONTHS BEEN IN FALL NEXT MONTH OR THIS MONTH CANDLE CAN BE GREEN MARK IT FRIENDS.
HDFC Bank about to BreakOutThe idea here is about HDFC Bank.
Mentioned below are the points to be considered
Points as per TA on a Daily & 4H Chart:
1. Awaiting break out of Falling wedge.
2. Butterfly Pattern completed with entry point confirmed.
3. Waiting for close above 20 EMA = 1550 on 1D chart.
4. RSI is at 44.30 on a Daily Chart.
5. MACD crossed above signal line on 11th Sept 2023.
6. Hull Moving Average is a Buy Signal on Daily & weekly chart.
7. Price may retest the breakout point.
Projected target as per Butterfly Harmonic pattern provided in the chart.
Stop Loss: provided on chart.
Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Cheers.
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
HDFC Bank - Elliott wave countHDFC bank Elliott Wave Count
HDFC Bank - The market appears to be ready for the next impulsive wave. 1484 level to be safe for the bullish view, if that breaks below then the view is considered invalid.
Please exercise caution when trading as this information is for educational purposes only.
NSE:HDFCBANK NSE:HDFCBANK1! BSE:HDBK1!
#OMAXE 48.80 Buy TGT 61 23% upside recommended - Rachit Sethia OMAXE 48.80
TGT 61
SL 42
RR ~2
Return > 23%
TF < 6M
NSE:OMAXE
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
HDFCBANKNSE:HDFCBANK
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.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose