Intraday stocks for trading (09/Dec/2024)Technical Analysis of Moving average stocks (09/Dec/2024)
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HDB trade ideas
Hdfc bank technical analysis for tomorrow (09/Dec/2024)Hdfc bank moments for option and future trading 09/Dec/2024
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HDFC Bank - Long - 2115HDFC Bank has shown the bullish momentum, the stock has broken the resistance levels and expected to hit the levels of 2000+.
HDFC BANK | The breakout we all had been waiting for...NSE:HDFCBANK
Risky SL: 1670 levels
Relatively safer SL: 1600 levels
Target: atleast 2000 levels
Note: More risk means more profit but at the same time means more loss if price action hits SL!
HDFCBANKNSE:HDFCBANK
Note :
1. One should go long with a Stop Loss, below the Trendline or the Previous Swing Low.
2. Risk :Reward ratio should be minimum 1:2.
3. Plan your trade as per the Money Mangement and Risk Appetite.
Disclamier : You are responsible for your profits and loss.
The idea shared here is purely for Educational purpose.
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Support and Like incase the idea works for you.
HDFC BANK S/R for 5/12/24Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
HDFC Bank | 55% returns | Breakout of 5 year resistance| HDFC BANK |
Monthly time frame
Stock has been riding the white upward parallel channel since 2008
Stock riding above 20-, 50- & 200- month moving averages
RSI = 60, indicating bullish momentum
MACD crossover completed and is above the 0 line, indicating bullish momentum
Highest volumes in Aug, followed up buying in Sep and Oct
Weekly time frame
Stock has been consolidating between 1300 to 1800 since 2019
Possibility of breakout of 3-year resistance trend line at 1800
Stock riding above 20-, 50- & 200-week moving averages
Stock has recently tested all 3 moving averages and bounced back
RSI > 60, indicating bullish momentum
MACD extending the crossover & above the 0 line, indicating bullish momentum
Highest volumes in last week of Aug, followed up by buying in subsequent weeks
Daily time frame
Stock has been in trading in an upward blue parallel channel since Jan 2024
Breakout of this upward parallel channel seems to be on the cards
Stock riding above 20-, 50- & 200-day moving averages
RSI > 60, indicating bullish momentum
MACD completed crossover & is above the 0 line, indicating bullish momentum
Conclusion
Entry: 1,800
Stop Loss: 1,600
Target 1: 2,000
Target 2: 2,400
Target 3: 2,800
Fundamental metrics
PE (19) < 20 {Ideal scenario}
ROE = 17% {Ideal > 15}
Earnings Yield = 6.23% {Ideal > 5%}
PEG ratio = 0.82 {Ideal < 1}
FII + DII participation increased in last Quarter
Net interest margins = 3.5% {Ideal < 4%}
Capital adequacy ratio = 20% {Ideal > 12%}
Gross NPA ratio = 1.36% {Ideal < 3%}
Return on assets = 1.9% {Ideal > 1%}
Cost to income ratio = 40.6% {Ideal < 50%}
HDFC Bank Ltd view for Intraday 4th Dec #HDFCBANK HDFC Bank Ltd view for Intraday 4th Dec #HDFCBANK
Resistance 1890. Watching above 1893 for upside movement...
Support area 1800 Below 1860 ignoring upside momentum for intraday
Support 1800 Watching below 1798 for downside movement...
Resistance area 1890
Above 1830 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Intraday moving average stocks for (04/Dec/2024)Technical Analysis of Moving average stocks (04/Dec/2024)
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Intraday moving average stocks for (03/Dec/2024)Technical Analysis of Moving average stocks (03/Dec/2024)
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Analysis of Moving average stocks (02/Dec/2024)Analysis of Moving average stocks (02/Dec/2024)
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Hdfcbank moments for intraday, option future trading 02/Dec/2024Hdfcbank moments for intraday, option future trading 02/Dec/2024
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HDFC bank intraday seller zone for 1:5HDFC bank intraday seller zone for 1:5
Purely demand and supply.
HDFC Bank: At resistance zone. It is at one year resistance zone it should go touch resistance zone and go back down but since the budget session is in few days, you cannot be sure.
If budget is positive then it might cross but if it falls taking a short trade here.
HDFC BANK SWING For educational purposes
Pattern Cup and Handle
Entry 1700
SL Not Required
Target 2127
Analysis of Moving average stock for intraday (28/Nov/2024)Analysis of Moving average stock (28/Nov/2024)
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HDFC BANK S/R for 28/11/24Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
HDFCBANK // Go Longwww.tradingview.com
HDFCBANK: Without describing so much, lets jump into levels.
Here are the levels for HDFCBANK.
Support : 1690 / 1625 / 1570
Target :
Short term : 1900 / 2000 / 2120
Long term: 1950 / 2550
WW bearish pattern in HDFC bank 1 D TF. Found a WW bearish pattern forming the 5th wave in HDFC bank. This point is also 3 year weekly breakout point. Lets see if price falls down as per WW or climbs up.
Hdfcbank moments for intraday and option trading 26/Nov/2024Hdfcbank moments for intraday and option trading 26/Nov/2024
HDFC Bank share price climbed above Rs 1,800 to hit a fresh all-time high on 25 November, as trading volumes saw an extraordinary surge with the MSCI November rebalancing coming into effect. More than 21.5 crore HDFC Bank shares were traded across NSE and BSE — nearly 8.6 times its 20-day moving average volume of 2.5 crore shares. The bulk of the trading activity occurred in the final half-hour of the session, with 19 crore shares sold after 3:00 pm.
The share price of HDFC Bank climbed above Rs 1,800 during the trading session, hitting an all-time high of Rs 1,803.55. It settled at Rs 1,785.6, up 2.3 percent from the previous close.
Analysis of Moving average stock (26/Nov/2024)Analysis of Moving average stock (25/Nov/2024)
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Understanding and analysing moving averages is vital when executing technical analysis on stocks and finding ideal stocks to invest in that match the investment strategy. However, finding stocks that fulfil the set moving average criteria is difficult as it requires taking stocks individually and determining if their moving average matches the criteria included in the investment strategy. The process is highly time-consuming and may lead to manual errors, forcing investors to make the wrong investment decisions.
A moving average screener is an ideal tool that assists investors in filtering thousands of stocks based on their moving averages to produce a list of stocks that have the same moving averages as the criteria set by the user. Investors can customise moving average stock screeners to meet specific criteria based on the trader's or investor's preferences. For example, some traders may use moving average crossovers to identify entry and exit points in a trade, while others may use moving average trends to identify long-term investment opportunities. However, investors must use the screeners along with other technical indicators and tools to make informed investment decisions.
HDFC Bank Approaching a Key Breakout Zone – Bullish MomentumAnalysis of HDFC Bank Weekly Chart
Resistance Zone Observation:
Historically, HDFC Bank has encountered resistance multiple times around the price zone of ₹1,724 - ₹1,788. The chart highlights several occasions where the price approached these levels and retraced, showing this as a significant resistance area.
Current Breakout Attempt:
As of the latest data, HDFC Bank's price is around ₹1,793, which is breaking through the previously established resistance levels of ₹1,724, ₹1,739, and ₹1,788.
This suggests a potential bullish breakout, as the price has managed to sustain above these levels on the weekly timeframe, indicating stronger buying interest.
Price Action History:
There are clear indications on the chart that the resistance zone was tested and respected several times, causing previous downward movements.
This time, the price action appears more convincing, with consecutive green weekly candles suggesting upward momentum.
Support and Confirmation:
If the breakout holds, the previous resistance around ₹1,724 - ₹1,788 could turn into a strong support zone.
Confirmation of the breakout will be more reliable if the price sustains above this band for a few more weekly closes, with increased volume supporting the move.
Technical Indicators (if applicable):
Look for increased trading volume on the weekly breakout.
Check for other indicators like RSI or moving averages if they are aligning with the bullish sentiment.
Conclusion :
The weekly chart of HDFC Bank indicates a potential bullish breakout as it sustains above a long-standing resistance zone. Historically, prices have struggled to breach this zone, but current price action suggests a possible shift in momentum. If the price holds above ₹1,788 and maintains strong volume, it could signal a trend reversal and a bullish move.
Description:
"HDFC Bank has repeatedly tested the resistance zone around ₹1,724 - ₹1,788 on the weekly chart. Historically, this zone has led to pullbacks, but recent price action is showing a potential breakout above ₹1,788. Sustained movement above this zone could confirm a bullish trend reversal, making it a key area to watch in the coming weeks." NSE:HDFCBANK
HDFC BANK -lont term break out imminent MTFHDFC Bank has been consolidating for a long time and is getting ready for an upmove which may continue for some time. Above 1850 it becomes a long term buy . A portfolio investment.
