HDFC Bank RSI indicate Stock in oversold zone and HDFC is the biggest privet sector bank so their is no issue in fundamentals. This stock can give a strong move till the next results.
HDFCBANK trade ideas
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!
$hdfcbankHola,
bullish sfp to close the day
wee bounce then sweep earlier lows and run it back turbo
nifty 21200 zone of interest would love a dip to 20800 but shall deploy then IF given
Latest Update on $NSE:HDFCBANKDear Followers,
I hope this message finds you well. I wanted to provide you with a brief update on the stock NSE:HDFCBANK I have been monitoring.
It appears that the stock is approaching a potential resistance level Near 1620 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a temporary halt in the current upward momentum and Possibly it will test 1400 In Downmove.
Resistance Levels to Watch out.
Resistance levels are the opposite, representing prices at which a stock has historically struggled to move above. These levels can signal a selling interest. Understanding resistance points is crucial for anticipating potential obstacles in the upward movement of a stock.
R1= 1560
R2= 1620
R3= 1680
Support Levels To Watchout.
Support levels represent prices at which a stock has historically had difficulty falling below. These levels often indicate a strong buying interest. It's important to monitor these levels, as a breach might suggest a potential downward trend.
S1= 1460
S2= 1390
S3= 1350
As always, please remember that investing involves risks, and it's important to carefully consider your options. If you have any questions or would like to discuss this further, please don't hesitate to reach out.
Best regards,
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.
Now It's te to buy HDFC Bank. HDFC Bank share price cracked 8.46 per cent to close at ₹1,536.90 BSE on Wednesday, January 17, a day after the company reported its December quarter results. HDFC Bank share price opened at ₹1,583.85 against its previous close of ₹1,678.95 and cracked over 9 per cent to hit the intraday low level of ₹1,527.25
The market capitalisation of the stock dropped by nearly over a lakh crore in a single day to ₹11.7 lakh crore.Meanwhile, HDFC Bank's US-listed shares fell 6.71 per cent on NYSE after the Q3 results.
NOW IT'S TIME TO BUY HDFC BANK AFTER THE DEEP CORRECTION
TARGET 1 - 1625
TARGET 2 - 1957
TARGET 3 - 2410
hdfcbank adr trend dear all this id hdfc bank adr weekly chart pattern so keep watch , today secound day hdfc bank gives more pain so i think pain continus and price may give more down so keep hold short position and cut and buy position as per chart zone marking in chart. more pain pending
hdfc bankhdfc bank after result heavily down.
now major support seen at 1274/1344
if hold or not close below we seen good accumulation or bounce back.
so be ready for this.
HDFCBANK : POST Q3 FY2024 Results - Simplified Breakdown📉 HDFCBANK Analysis and Investment Outlook - Q3 FY2024 📊
Post-Q3 Result Impact:
📉 HDFCBANK faced a significant 8% decline post-Q3 FY2024 results, causing ripples in today's trading. With a substantial weight of 33.47% in BANKNIFTY and 12.93% in NIFTY, it contributed to a 4% drop in BANKNIFTY and a 2% dip in NIFTY indices.
Next Action Plan - Investing Perspective:
📈 After a prolonged sideways movement lasting almost a year, HDFC has recently exhibited a robust upward move from 1461 to 1720 without a significant correction wave. The change in character (ChoCH) on sustaining weekly above 1701 is noteworthy. Following this, HDFC has undergone a correction wave (Wave B) and is currently trading in the golden retracement zone (1591 – 1516).
🔄 Investment Strategy:
HDFC should be considered for the investment portfolio, especially on further dips or at the current market price (CMP).
Place a Stop Loss at 1386 (weekly close) to manage risk.
Anticipate potential buying opportunities in the range of 1516-1480.
Target a price range of 1804 – 1929 for potential returns.
FUNDAMENTAL OUTLOOK
🏦 **HDFC Bank Q3 FY2024 Results - Simplified Breakdown** 📊
**The Good:**
📈 **Strong Financials:** HDFC Bank surprised everyone with a whopping 34% surge in net profit to ₹16,373 crore in Q3 FY24, fueled by robust growth in loans (62.4%) and deposits (27.7%).
🚀 **Robust Loan Growth:** Especially in home loans, growing an incredible 111.1%, showcasing strong consumer confidence and economic recovery.
💼 **Healthy Deposit Mix:** Everyday banking needs are trusted to HDFC Bank, with CASA (current and savings accounts) deposits growing 9.5%, now comprising 37.7% of total deposits.
🛡️ **Controlled Asset Quality:** Gross non-performing assets (NPAs) remained stable at 1.26%, highlighting effective risk management.
**The Not-So-Good:**
🐢 **Slower QoQ Growth:** Sequential (QoQ) growth was modest at 4.9% for advances and 1.9% for deposits, hinting at potential market saturation.
📉 **Margin Pressure:** Net interest margin (NIM) dipped slightly to 3.4%, putting pressure on future profitability.
💸 **Increasing Expenses:** Operating expenses grew faster than income, leading to a rise in the cost-to-income ratio.
**Future Outlook:**
🌟 **Positive:** Strong economic growth, rising consumer confidence, and government focus on infrastructure spending bode well for HDFC Bank.
🚨 **Challenges:** Rising interest rates, potential competition from fintech players, and unexpected economic slowdown could pose challenges.
**Future Valuation:**
💰 **Premium Stock:** Trading at around 27 times earnings, reflecting strong track record, market leadership, and growth potential.
🔄 **Short-term Volatility:** Possible due to market fluctuations and external factors.
🔍 **Long-term Investors:** Can remain optimistic but keep an eye on NIM, expense control, and economic indicators.
**Layman's Terms:**
🦸♂️ Imagine HDFC Bank as a superhero, growing super strong this year! People trust it with their money, especially for everyday needs. However, it spent a bit more on fancy gadgets, and future profitability could face challenges. The future looks bright, but there might be some villains to fight. HDFC Bank is still a top hero, but keep an eye on its budget and any new villains!
🔄 **Post-Merger Challenges and Normalization:**
**Potential Negatives:**
1️⃣ **Increased Asset Quality Concerns:** Some initial concerns due to higher bad loans in HDFC's portfolio, but expected to stabilize with proactive measures and economic recovery.
2️⃣ **Margin Pressure:** Initial dip in NIM due to different borrowing costs, but gradual improvement expected with cost optimization.
3️⃣ **Integration Challenges:** Merging two big organizations involves complexities, but disruptions should be temporary with effective planning.
4️⃣ **Increased Regulatory Scrutiny:** As a larger entity, more oversight expected, but proactive compliance measures should help.
**Normalization in the Near Future?**
🔄 **Asset Quality:** Expected to stabilize and decline through proactive measures and economic recovery.
🔄 **Margin Pressure:** Gradual improvement expected with cost optimization initiatives.
🔄 **Integration Challenges:** Temporary disruptions anticipated, minimized through effective communication and planning.
🔄 **Regulatory Scrutiny:** Proactive compliance measures should mitigate any undue impact.
**Overall:**
🔍 Negatives are expected to be temporary, managed through strengths and proactive actions. Normalization might take some time, potentially spanning the next 2-3 quarter.
📊 HDFCBANK, despite the recent correction, presents an opportunity for investment, given its historical behavior and the current retracement levels. Exercise caution, stay informed about market dynamics, and align your investment decisions with your risk tolerance and financial goals.
**Remember:** This is not financial advice. Do your own research and consult with financial advisors before making investment decisions. 🚀📊
HDFC BANK S/R for 18/1/24Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
@HDFCBANK Swing/short TradeEntry Above @ 1684
SL Below @ 1632
Tailing-SL @ 1657
Target @ 1705 ,@ 1721 ,@ 1750
NOTE : Entry after BREAK of Pervious Day High
If you want minimize risks After Entry put @SL at last Higher-Low(HL) or follow trend line as SL or Trailing-SL
Plz Note : This levels are only for Swing Trade & Disclaimer : All Information on this page is for educational purposes only, we are not SEBI Registered. Please consult a SEBI Registered financial advisor for your Financial matter before investing & taking any decision. We are not responsible for any profit/loss you made
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HDFC Bank Weekly Chart AnalysisHDFC Bank is currently trading near a strong resistance (Breakout) zone. We will take a swing trade above 1720 wit sl of 1650 for target of 1900 to 2000 on positional basis
HDFC BANK S/R for 17/1/24Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
HDFCBANK Q3 Result Technical View - cmp 1679HDFCBANK Q3 Result Technical view cmp 1679
Returned from the lower levels and holding above the crucial levels.
expecting a positive move from here towards 1763 and more
We can witness a new 52 week high upon the Q3 Result
5% Upside Potential
HDFC BANK - Exile to end SoonThe stock of HDFC Bank has exhibited a prolonged period of consolidation within a specific price range since November 2020. However, market sentiment suggests that this phase of stagnation may come to an end during the upcoming results session. There is optimism that positive financial results could act as a catalyst, potentially driving HDFC Bank's stock to reach new highs.
Investors and traders are closely monitoring the bank's performance during this results session, anticipating that a favorable outcome could propel the stock price upward. The notion is that a strong set of results may instigate a bullish trend, breaking the existing trading range and allowing HDFC Bank to surge to fresh highs.
Furthermore, there is speculation that the stock could reach the 2000 mark in the near future if the anticipated positive momentum materializes. This projection is based on the belief that a combination of favorable market conditions and robust financial performance could drive significant upward movement in HDFC Bank's stock value.
As with any financial forecast, it's important for investors to exercise caution and conduct thorough research, considering both potential risks and rewards associated with market fluctuations.
HDFC BANK S/R for 16/1/24Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
HDFC goes down - Price action & volume confirmWe see Trapped buyes on the way down.
Wait for Green TrapZone & Green UMVD for buying opportunities.
RIGHT NOW TREND IS DOWN
HDFCBK Bottoming outHDFCBK bottoming out on the shorter timeframe, we can see a double bottom with the neckline at 1705, has support near 1668.
Above 1705 can go long for targets - 1715/1722/1742
Below 1668 can go short for targets- 1650/1635/1620
HDFC BANK S/R for 15/1/24Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
HDFC BANK S/R for 12/1/24Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
HDFC BANK S/R for 10/1/24Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
Title: "HDFC Bank Shares Poised for a Potential All-Time HighWhile the prospects for HDFC Bank shares appear promising, it is essential to acknowledge the inherent risks associated with stock market investments. External factors such as economic developments, regulatory changes, or global events can impact stock prices. By setting a small stop loss, investors can limit their potential losses and safeguard their capital.
HDFC BANK S/R for 9/1/24Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
