The chart in weekly timeframe clearly shows a deformed inverse H&S with a target of 1700 in 2 to 3 months time from now
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.
This stock is now in consolidation. we have a chance of manipulation below support levels... keep look for buy side from this demand zone... if price breaks the demand will look for short side continuation...OR Reversal again by bear trap.
HDFC Bank has recently formed a falling wedge bullish pattern, with the price having already breakout. This pattern typically indicates a bullish reversal, suggesting a potential upward trend ahead. Traders may interpret this breakout as a signal to anticipate further price appreciation in HDFC Bank's stock. Monitoring for sustained upward momentum could provide...
HDFC BANK Monthly chart Ascending Triangle Pattern it break the trendline be careful if will break 1250 then go short 1Target 1152 & 2Target 711..
HDFC Bank Q chart. Top private sector bank. 3Y consolidation and is at the support of the trendline Feb 12. RSI(34) is below 70. Weekly chart formed Lower Low on Feb 12. This chart was previously shared. Following up with this Quarterly chart, posting daily chart of HDFC bank in comparison with Nifty Private sector bank RSI & MACD. Rate of change of HDFC bank is...
HDFC Bank Q chart. Top private sector bank. 3Y consolidation and is at the support of the trendline Feb 12. RSI(34) is below 70. Weekly chart formed Lower Low on Feb 12.
price 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...
HDFC is showing bearish sign after in month of consolation seem in 6 month this share easy Touch down Trendline if 700-800 For quits trader it's time to exit if market below than this level 5% stop less from 700-800 rs easy target For option trader -- take a PE call 1250 and every reversal book profit and enter in PE till 700-800 zone For more chart analysis...
HDFC Bank looks good for long term. if we the weekly chart, we can see its forming bullish pattern at their support zone.
www.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...
HDFC Bank Sure shot trade. Buy Zone marked. Also accumulate more of it go to 1350. Surely it will reach 1650.
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...
Price 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!!
Major points in HDFC Bank. Need to wait for breakout in 1461 If not happening it will go to 1392 , 1323. *investments in security is subjected to Market risk do own research before investing. I am not a SEBI registered advisor. Only for education purpose updating
HDFC BANK: (Portfolio Stock) : SIP Buying can be started in HDFC Bank. It may go further lower so only partial entry or entry with / for tracking quantity to be initiated now. We had mentioned earlier that 1369-80 or 1271 can act as a bottom/major support for HDFC Bank. The stock touched 1380 and has reversed. So X/3 or X/4 entry can be taken. If it falls...
My personal view point: (Educational Analysis)(My 2 cents) 1) HDFC Bank Remains a Portfolio Stock. 2) When to Mega Companies combine their forces such results can happen. 3) The momentum of fall can take the stock further down. 4) What HDFC needs to improve their Deposits and work on their Profit Margins. 5) Those who have HDFC Bank can hold it and see if it can...
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!