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...
Hdfcbanklong
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...
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.
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.
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.
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.
LONG ON HDFC BANK!!i kept on buying its dip, from past several months. now i have a huge amount in this stock, and it has started its 3rd wave, and will give a great bull run.
back in few ideas, i had posted the waves, and the stock is following it properly(link below).
IN THE DRAWN CIRCLE: a good green candle has breached the purple trend line, and it all way long to go till 1800. one can earn around 20% returns within 3 months, from a great moving and safe stock.
past from few days, we could see that nifty 50 stocks are getting there upward movement, since FII have started entering the market.
yet i believe that the matter of interest rates in US, has not completely settles, but slowly things have started becoming normal, and US have moved away from the recession point(link below).
HDFC BANK had a lot of FII selling, and this will become normal in this upcoming 3rd wave.
FINAL POINT: do have a look on MOVING AVERAGES AND MACD.
50ma will crossover 100ma in few weeks, and MACD has shown some green candles.
"stay long on this stock, good for swing trade, long term and soon for momentum trading too".
HDFC Bank Demand & Supply Zone for 02/Nov/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
HDFC Bank : Looking to prove itself.Good Day,
Hello Traders,
It is working under a channel as of now. Once it crosses 1470 and sustains , it looks good for the future.One can stay long keeping 1367 as Strict Stop Loss as this range of 1333-1367 been always been a massive support for HDFC bank.
If Banknifty had to cross 41840 all time high then HDFC bank had to move sharply towards 1600 levels in the coming months.
Good levels to buy if you get it cheaper by Rs 50/- for the long term portfolio.
Timeframe : Daily
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions.
If you really like the analysis , please do comments, LIKE and Follow me.
HAS HDFC BANK GIVEN BREAK OUT/TARGETS FOR NEXT FEW MONTHS ?????Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading.
HAS HDFC BANK GIVEN CLEAN BREAK OUT ON WEEKLY CHART/BIGGER TIMEFRAME ?????
WHAT ARE THE POSSIBLE TARGETS OF HDFC BANK FOR NEXT FEW MONTHS ?????
FRIENDS, WHAT DO YOU THINK ?????
LET'S WORK & WIN TOGETHER. MANY THANKS 🙏🙏
HDFCBANK Trade setup Idea for 09 September, 2022Banking sector is bullish now, at the current pace HDFCbank could make a quick move up towards 1520 levels.
The stock has been hitting the resistance level of 1500 and have been holding quite well, in a matter of a day or 2 the stock should show a break out.
HDFC Bank Levels & StrategyDear traders, I have identified levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2.
Will HDFC Bank breakout above important resistance zone and continue to move-up?
OR
Profit Booking will bring down HDFC Bank to near major support levels?
HDFC BANK- Inside day candle learning -POSITIONALPOSITIONAL
Buy above 1405 Target 1450++ Stop loss 1380
Sell below 1383 to 1380 Target 1350 Stop loss 1407
I will Prefer buy trade if activated as risk reward is good
Money management is equally important like technical analysis.
Inside candle learning
Only for educational purpose
HDFC Bank Futures Key Trading Levels for 28th June 2022HDFC Bank Futures Key Trading Levels for 28th June 2022
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
HDFC Bank Futures Key Trading Levels for 27th June 2022HDFC Bank Futures Key Trading Levels for 27th June 2022
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.