3 months since my first idea on HDFC Bank. After correcting in a zig-zag pattern, price reversed from a little below the projected green Fibonacci zone. I would like so see a fewer more higher highs as shown via red path to call it a clear impulse. A break of corrective channel would add confidence. All in all it was a good trade to take with a very low...
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...
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...
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!!
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.
HDFC bank is presently at good levels and the whole market has moved up, but banking sector has not given good returns from the last 3 years. Profit of HDFC bank in 2019 was 22446 crore. The profit didn't decline in 2020 and in 2023 the profit was 46149 crore. The profit doubled but stock price did not This trend will be broken, and the banking sector will give...
Hi, According to my analysis of HDFC Bank stock, there is a high probability of a downturn. The price bounced from a very strong area, which is the resistance at 1720. Two very negative candles were formed, as shown in the analysis. We also notice that the stock is trying to break the flat pattern. Finally, good luck to everyone .Note: If you like this...
The stock is Near its demand zone,, it indicates that there is potential buying interest at that price level, and it could be a strategic point to consider for investing or trade. find long opportunity in this area....
Hdfcbank has given a meaning full correction on intraday basis and is taking the support on major levels, It has been in deep consolidation from last 2years and now looks like operators gave a false news for the fall and bought it in a block deal on lower levels which is generally the trick to buy on lows.
This stock is in inverse Head and shoulders pattern indicating that bullishness in the stock... Enter long on break of neckline and retest...
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...
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...
Strategy- Cup with handle pattern CMP- 1688.75 Target- 2175 Approx Gain -30% Largest bank of Bharat with high net profits and in a consolidation state from past 2 years. Best buy both for short term and long term.
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...