HDFC BANK NSE

12 Mar

DATE - 12th March 2024.

HDFC Bank has breakout today with good amount of candle size and volume too.

Applied Concepts

Chart P. - Inverted H&S

Positive Order Block from Daily Time Frame and Previous OB of Monthly TF as shown in chart.
Only OB is not a good option so here we have applied FVG (Fair Value Gap) also, Price Action has successfully reversed from FVG and gave confirmation for potential upside movement.

Targets
1st Target as per Chart P. is 1555 Rs.
and Further upside Target as per OB and FVG is 1700+.

Thank You!
Have a Good Day.

19 Mar

Not

Taking Support on H&S Neckline today.

29 Mar

Not

Monthly Closing in HDFC Bank is Showing Bullish Piercing Candle, it is considered as Strong bullish sign for HDFC Bank.
Next Strong support is 1422 Rs.

5 Nis

Not

T1 Achieved!!
BTW,
Thanks for Boosting this idea.

16 Nis

Not

1480 to 1470 Good Support Zone for HDFC Bank, Furthermore
BN is also showing Bullish Continues Divergence.

19 Nis

Not

As I mentioned in previous comments,
1480 to 1470 were good supports and today HDFC BANK reversed from 1480 RS and

29 Nis

Not

Expecting good movement in coming days, T2 is pending.

2 May

Not

Gaupp at 1528 Rs right above Resistance line in Daily TF,
If it sustains above gap, it will be Strong bullish sign for HDFC BANK & Bank Nifty too.

9 May

Not

Back on levels that previously worked as a support.
Let's see how it moves in next few days.

10 May

Not

Seems like HDFC Touched Bottom today and reacting from breakout level support.

24 May

Not

After 10th May's Bottom its Re-bounce, after 1555 T1 again 1700 T2 is still Remaining.

31 May

Not

Took 100EMA Support in Daily TF.

15 Haz

Not

Updated SL 1550 Rs

18 Haz

Not

Break 1600 Rs. Price point

25 Haz

Not

March to June
All Pre-Decided Targets Achieved
HDFC Bank Made ~1699 Rs High

25 Haz

Not

Thank You for Your Support!!!

25 Haz

Not

Further It can Breaks ATH price, but I am Closing majority of my positions here.
1700 Rs hurdle Breaks.

3 Tem

Not

3.49% Gap-up and Makes NEW ALL TIME HIGH LEVEL

22 Tem

Not

Similar Gap Downs and Similar Reversal Like it happened during Jan to Feb 2024, when I shared this stock on Trading View.

9 Ağu

Not

Perfectly Reversing from
Fibbo level 0.5 to 0.68 Golden Reversal Zone
0.5 - 1610.70 Rs
to
0.68 - 167.30 Rs

Can make another ATH if Sentiment will go in Favour.