HDFCBANK in Ascending triangle zoneHDFCBANK started showing bullish momentum and it is ascending triangle zone.. Once reaches ATH (All Time High), will consolidate and breakout on upside.
HDB/N trade ideas
HDFC Bankhdfc bank about to enter blue sky zone, with merger approved. This bank will be in top world bnks list and is must in portfolio. Add Every dip and look for targets of 2k+....
Target profit shd be 30%....
No SL as add on dip..
Long Hdfc bank Long HDFC Bank in Hdfc Bank Daily chart crossover of 20 ema and 50 ema short term. Ema cross above mid term ema and rsi also storng.
Buy above 1705 sl 1680
Target - ride until daily candle close below 20 ema
I am not a SEBI registered advisor this is my personal view and this is for educational purposes only do your own research before taking any trade..
hdfc banktraingle pattern formation hdfc bank
watch for breakout or breakdown
happy investing
educational purpose only.
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 BankBuy HDFC Bank
CMP 1635
First Target 1660
Second Target 1680
SL 1598
Golden cross over in 1D & 1W TF
Break Out with High Volume
HDFCBANK short positionHDFCBANK is in the uptrend.
The price found support on the upsloping trendline. We may get a weekly bullish engulfing candle which should imply more upside action.
We expect the price to reach the upsloping resistance which would be our entry for a short position. From there we would target the support of this rising channel.
The invalidation of this thesis would be if we get a weekly candle close above the upsloping resistance line.
RSI found support at 48 which also shows that the trend may have more legs therefore we expect the price to continue the uptrend
good luck
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 formed cup and handle HDFC Bank formed cup and handle If the market open flat and break the handle then take the trade target according to pivot 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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Any query do ping us or require any specific stock analysis
*All views for educational purpose only
Hdfc bank on the edgeOn daily time frame of hdfc bank, which is following still now rising channel, price is on the lower channel level either strong buying or strong downside move 1587 last support
TRENDLINE breakout On HDBhello everyone
it seems breakout has been complete but do your fundamental research before open your position
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HDFCBANKAs disclosed in the chart drawing, as per my understanding of support zone, script is having its position in an attractive area.
Worth watching this script with the trading interest, for educational purposes.
HDFC BANK -ACCUMULATION ZONE - 1543 to 1500
-SL 1450
Market Cap
₹ 9,00,433 Cr.
Current Price
₹ 1,611
High / Low
₹ 1,734 / 1,272
Stock P/E
19.6
Book Value
₹ 446
Dividend Yield
1.18 %
ROCE
6.85 %
ROE
18.6 %
Face Value
₹ 1.00
Promoter holding
25.6 %
EPS last year
₹ 82.4
EPS latest quarter
₹ 22.6
Debt
₹ 17,84,970 Cr.
Pledged percentage
0.00 %
Net CF
₹ 41,330 Cr.
Price to Cash Flow
43.3
Free Cash Flow
₹ 17,390 Cr.
Debt to equity
7.22
OPM last year
61.7 %
OPM 5Year
61.6 %
Reserves
₹ 2,46,772 Cr.
Price to book value
3.60
Int Coverage
1.79
PEG Ratio
0.98
HDFCBank June expiryRudrajit deb
@fernroad
·
9m
#HDFCBank at CMP 1604 is a long opportunity. Can use option route for 1684 target.
65% fibonacci correction from recent peak of 1727
Current level for next upmove
HDFC BANK SHOWING POSITIVE PRICE ACTION Hdfc bank looking very strong according price action
for short term 1700 target possible
if closing above 1700 we can see sharp and quick move till 1800/1900
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.
