HDFCBANK : Approaching Key Breakout ZoneOverview: HDFC Bank Ltd. is showing a series of breakout attempts, suggesting a build-up of buying pressure. The stock has repeatedly tested a resistance zone, indicating a potential for a breakout if this level is breached with strong momentum.
Key Levels and Zones:
Resistance Zone (Multiple Breakout Attempts):
The stock has faced resistance around the ₹1,750 - ₹1,760 level on multiple occasions, marking this area as a critical breakout point.
A sustained breakout above this level, particularly on a weekly basis, would signal bullish strength and could lead to a strong upward move.
First Resistance for Retest (₹1,881):
Once the breakout is confirmed, the stock may face initial resistance around ₹1,881, where some consolidation or a retest of the breakout could occur.
Second Resistance for Consolidation (₹1,992):
If the stock sustains above ₹1,881, the next significant resistance level is around ₹1,992. Consolidation at this level could provide additional momentum for further upside.
Target Zone (₹2,231):
Upon clearing the earlier resistance levels, the stock has potential to reach the target zone at ₹2,231, representing a new high and a possible long-term target for investors.
Technical Indicators:
The stock is trading near its 200-week moving average, suggesting it is above a strong long-term support level.
The formation of higher lows indicates an uptrend, adding to the bullish sentiment.
Hdfcbankforecast
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.
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 Analysisprice broken the bearish trendline, while breaking the trendline price leaves a demand zone on bottom side.
so wait until price test the demand zone and go for long entry in HDFCBANK.
Mark the targets on topside every intersection points to the trendline.
If price breaks the bottom side demand zones, by consolidating between the demand and support zone price will breaks the support.
so until it breaks the demand zone look for long side.
HDFCBANK : Possible Views by StoxWarewww.tradingview.com
The weekly time frame shows a range-bound market for this stock, which is favorable for positional and futures traders. The stock is trading near its 52-week low of 1380, which is also a support channel. A break below this channel could trigger a further decline to 1280 or even 1100, which are the next support levels. However, this scenario is unlikely at the moment.
To turn bullish, the stock needs to rise above and sustain 1470, which is a resistance level. A break above this level could open the door for 1550, which is another resistance level. If the stock can overcome 1550, it will face the final hurdle at 1750, which is both the 52-week high and the all-time high. Repeated tests of this level could weaken it and lead to a new high.
HDFCBANK--Drop base Drop?? I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
Great buying opportunity in HDFC BANKPrice is undergoing expanded flat correction.
Good to accumulate around 1200-1300 levels for a target of around 2600 in medium to long term.
Price is heading towards pre covid levels while the revenue & net profit have almost doubled.
Do your own due diligence before taking any action.
Peace!!
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.
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
Buy HDFCBANK 1565 TGT 2200/2650 sl Below 1230Hdfcbank has given a meaning full correction on intraday basis and is taking the support on major levels, It has been in deep consolidation from last 2years and now looks like operators gave a false news for the fall and bought it in a block deal on lower levels which is generally the trick to buy on lows.
HDFC--Near to Support??The stock is trending downwards....
In Higher time frames price is in channel....
price is at support + trendline.
If it is a bullish turn price breaks the trendline and retest will look for buy side....
If no break is detected and again falls will be on short side....
most chances of fall again...it has to clear the liquidity @1600 levels...
Keep safe...
HDFCBANK--Trading in a channel??the stock is trendnig upwards...
previously a strongfall is observed from the zone 1740.
price again broken this zone and failed to close above that zone...
and again a strong fall is observed...
now price is trading near to its previous resistances...
keep an eye on these levels...
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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*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.