STBT/SWING BEARISH TRADE CONDITION Refer chart for all level.
Short on hourly close below Friday's low.
HDFCBANK
#IDFCFIRSTBANK... Looking good in upcoming sessionlong term inverstment call
🧲🧲🧲🧲🧲🧲🧲🧲🧲🧲🧲
IDFCFIRST BANK
BUYING RANGE - 83-85
STOPLOSS 80
TARGET 100/123/138/150/200++++
HDFC bank target 2175 Strategy- Cup with handle pattern
CMP- 1688.75
Target- 2175
Approx Gain -30%
Largest bank of Bharat with high net profits and in a consolidation state from past 2 years. Best buy both for short term and long term.
HDFC - Almost nearning demand zoneHDFC is nearing demand zone.
Good buy on the Banknifty and HDFC for short term once it touched the demand zone.
Note: This is for educational purpose.
HDFC about 40%-50% over a period of next one year.The largest merger agreement in India to date, between HDFC and HDFC bank, has piqued the interest of Indian investors. Whenever there is news about a merger, prices peak in the near term and then recover. So, for the time being, it is extremely possible to halt current progress and retrace to 1600 before rising to 2600-2800 during the next year.
Hdfc bank elliot wave analysishdfc bank complete abc correction price move upside .condition 1 = draw vertical line chart price not cross down side line .all time cross
HDFC BANK 15.6.23 - 5 pm
Disclaimer - I am not a trained or registered analyst. I do this only for my learning.
I am not responsible for anyone's losses or profits .
Analysis - On daily TF
1. Has closed below rising trendline, so looks like a breakdown.
2. Has closed below 200 EMA
3. Seems to break lower trendline also.
4. RSI also is heading towards oversold zone.
Lot of confluences towards downside.
Possible to reach lower swing at 1556 levels and if breaks further then 1530 levels are possible.
HDFC Bank Intraday Analysis: 19-Jun-23HDFC Bank imp zones mentioned on chart, all reversal and expected move mentioned with Arrow line, RED: Sell, Green: Buy
Sell< 1589 SL: 1601 Target : 1583,1570,1569
Buy>1606 SL: 1589 Target : 1612,1622,1645
Wait for Proper Rejection on lower time fames at levels :
@Support : Bullish
@Resistance : Bearish
Use SL trialing Method
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Any query do ping us or require any specific stock analysis
*All views for educational purpose only
HDFCBANK--First Short then Long??HDFCBANK::
Bullish view From 1580 and 1540 range::
----->>
HDFCBANK currently trending downwards....
we have a bearish gap left @1680 zone....
that will again push the price downwards....look here for sell @1680 zone...
we have demand zones placed @1540 range will take the price again upto 1740 range...
look here for buy to continue in the short term long.
short term Bearish View from::
1640 zone::
HDFCBANK--Weak Support @1600 ??Observations::
After a strong fall price is not able to break the previous high,
and price is exactly now @ support,looks like its weak @1600 levels.
if price breaks 1600 levels,price fall is observed upto 1580 and 1540 levels.
Don't go for sell in HDFCBANK, it may reverse at any place in this levels.
look here for buyside until bearish gap filled on above 1640 and 1680 levels.
Be cautious with Longs in HDFC Bank if it fails to Break 1650 Index is moving in a LL pattern and possibly it may hit 1565 Level in this series.
HDFC at supporting Trendline, possible ATH breakoutHDFC bouncing off from supporting trendline. Possible targets 1740 and 1900.
HDFCBANK--Consolidation??Observations::
This is also continuation update of HDFCBANK Analysis::
In my last update about drop base drop formation.
the demand zone is restrict the price to go down, witness a consolidation stage is observed in HDFCBANK,
we have to see if price drop continue to 1590 range, then we expect a rise from this zone,
if acts as support we will see again the previous drop (gap down) may be filled on upside.
Consolidation + fall = rise from demand
consolidation + rise= fall from Supply
keep track this.
The One reason for BANKNIFTY is in Consolidation is their more contributors SBIN and HDFCBANK are in consolidation.
If this information is helpful give me like. Thanks.
#HDFCLIFE... looking good 23.05.23#HDFCLIFE.. ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
HDFC- Long Since hdfc closed above the previous high
And also retested above the previous high
Possibility for filling the gap is very high
And OI data indicates strong resistance at only 2800
Till 2800, there will be a strong rally.
Fib 0.6 coincides with the IO data
Closed above Fib 0.3 and retested
HDFCBANK--Drop-Base-Drop form??Observations:
if demand acts as Supply, fall is going to happen from here.
previous strong bullish from 1680 level, if acts as price turned to be bearish in HDFCBANK.
------->>After trending upwards, a strong breakout is given above 1700 level, with consolidation ,which is previous resistance got broken strongly.
------->>Now with opening a huge gap down, showing bearish pressure pushes the price towards downside, if this is a sign of reversal in HDFCBANK,
It's an opportunity to enter short again from these levels.
-------->>Keep on sell side as long as price is near 1680 levels. previous strong upside movement is happens here, which may acts as bearish turn in HDFCBANK. Keep look at this level it may turn bearish again.
if price again breaks 1650 levels be on sell side to 1630,1610 levels.
HDFC - Inverted Flag BreakoutHDFC - Inverted Flag Breakout
It can break on either sides.
Both the sides, there will be a sharp rally
HDFC - Ascending TriangeHDFC - Ascending Triange
Ready to breakdown or Breakout, we need to wait and watch for the sides, hdfc is taking.
HDFCBANK--Bull Trap or Bear Trap??Observations:
------->>After trending upwards, a strong breakout is given above 1700 level, which is previous resistance got broken strongly.
------->>Now with opening a huge gap down, showing bearish pressure pushes the price towards downside, this is not a sign of reversal in HDFCBANK.
It's an opportunity to enter long again from these levels.
-------->>Keep on buy side as long as price is above 1600 levels.
HDFC Bank NSE:HDFCBANK
H&S pattern
Gives us a target of ₹1940
Entry at bottom of right shoulder
Entry point i.e. Green box: ₹16000
Gains: 20%
Entry at the break out of H&S pattern
Entry point: ₹1760
Gains: 10%
Duration: 3-4 months
*Not a financial advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.
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 of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
HDFC BankHDFC Made a Double following while following the upper trend. Which is likely to fall from there and might get a rebound.
