Diwali Pick Upto 500% Upside:HDFCBANK Could Skyrocket in 5Years!Case study: NSE:HDFCBANK |Time frame: Analysis done on a 3Month time frame |Investment term: Long term (5 Years) Targets 5100 - 10000
HDFC Bank, one of India’s largest private sector banks, has experienced a three-year consolidation phase after a stellar 20-year uptrend 📉📈. This phase followed its merger with Housing Development Finance Corporation (HDFC) in July 2023, leading to a temporary growth slowdown and re-evaluation of financial metrics. Despite this, the bank has showcased solid financial performance 💪.
FY 2020-21
• Net Profit: ₹16,624 crore
• Total Deposits: ₹13,14,000 crore
• NIM (Net Interest Margin): 4.0%
FY 2021-22
• Net Profit: ₹18,258 crore (+9.8%) 🆙
• Total Deposits: ₹14,80,000 crore (+12.6%) 🆙
• NIM: 4.1%
FY 2022-23
• Net Profit: ₹19,034 crore (+4.2%) 🆙
• Total Deposits: ₹16,34,000 crore (+10.4%) 🆙
• NIM: 4.1%
The consolidation phase shows significant above-average volumes over the last 3 years as shown on the chart which might indicate accumulation (buying) , indicating strong investor interest and potential future movements. This period is expected to last another 1-2 years as HDFC Bank integrates post-merger operations and aims to restore key financial metrics. Committed to profitable growth, the bank focuses on improving return on equity (ROE) and NIM (Net Interest Margin) 🚀.
Investors considering HDFC Bank may see potential benefits, as the stock could offer a 200-500% upside over the next 5 years 📈. With robust financials, consistent profit growth, and a strong market position, HDFC Bank is poised for long-term gains 🌟. Patience with this investment may yield significant rewards 💰 .
✨🎆 Happy Diwali! 🎇✨ May your portfolio be as bright as the Diwali lights and your investments as sweet as the festival treats. Here's to growing wealth and sparkling returns! 📈💰 Have an awesome and prosperous Diwali! 🪔✨
Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
References:
HDFC Bank share price: HDFC Bank sees period of consolidation as it absorbs mega merger - The Economic Times
hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=%2FFooter%2FAbout+Us%2FInvestor+Relation%2Fannual+reports%2Fpdf%2FHDFC-Bank-IAR-FY22-21-6-22.pdf&form=MG0AV3
HDFCBANK
HDFCBANK : Approaching Key Breakout ZoneOverview: HDFC Bank Ltd. is showing a series of breakout attempts, suggesting a build-up of buying pressure. The stock has repeatedly tested a resistance zone, indicating a potential for a breakout if this level is breached with strong momentum.
Key Levels and Zones:
Resistance Zone (Multiple Breakout Attempts):
The stock has faced resistance around the ₹1,750 - ₹1,760 level on multiple occasions, marking this area as a critical breakout point.
A sustained breakout above this level, particularly on a weekly basis, would signal bullish strength and could lead to a strong upward move.
First Resistance for Retest (₹1,881):
Once the breakout is confirmed, the stock may face initial resistance around ₹1,881, where some consolidation or a retest of the breakout could occur.
Second Resistance for Consolidation (₹1,992):
If the stock sustains above ₹1,881, the next significant resistance level is around ₹1,992. Consolidation at this level could provide additional momentum for further upside.
Target Zone (₹2,231):
Upon clearing the earlier resistance levels, the stock has potential to reach the target zone at ₹2,231, representing a new high and a possible long-term target for investors.
Technical Indicators:
The stock is trading near its 200-week moving average, suggesting it is above a strong long-term support level.
The formation of higher lows indicates an uptrend, adding to the bullish sentiment.
HDFCBank_06.10.2024This is my first chart on HDFCBANK in last few years. After many many years of consolidation finally HDFC Bank is on the verge of breakout but may still not provide high returns and continue the move in a higher highs pattern within a rising range.
My view may disappoint many investors but this is what happens when free float increase to unprecident levels in any stock.
HDFC Bank in a Bearish Momentum: Key Resistance and Support ZoneHDFC Bank in a Bearish Momentum: Key Resistance and Support Zones
NSE:HDFCBANK is currently exhibiting a negative trend, facing downward pressure near key levels:
Resistance Zones: 1706 / 1716 / 1726 – These levels could act as significant barriers, with potential sell-offs if the stock fails to breach these zones.
Short-Term Support Levels: 1645 / 1595 – A break below these support zones could accelerate the downside move, signaling further weakness in the stock.
As market volatility increases, it’s crucial to observe price action around these levels to anticipate the next move.
Disclaimer: I am not a SEBI-registered Research Analyst. This analysis is solely for educational purposes. Please do your own research and consult a financial advisor before making any trading decisions.
HDFCBANK : Cup & Holder at Weekly chart // Bull run start?www.tradingview.com
HDFCBANK : After a long years of consolidation started in Jan-21, now about to breakout through Cup & Handle Pattern.
Here are few pointers for the pattern's stability:
1. Pattern is made on weekly chart which is substantially large time frame.
2. Consolidation time is very long ...almost touching 4-years.
3. RSI is at 80 which is extremely bullish.
4. Momentum / ADX is too bullish.
5. All institutional analyst are bullish
The investment target can be atleast 45% up move in next 12 months period from current price level.
HDFC Bank Showing can go upto 2000 and above.HDFC Bank has been in a consolidation phase between the range of 1300 and 1700 for a long time (3-4 year).
It has finally closed above the key resistance level of 1710 and trading around the level of 1740.
It is also forming reverse head and shoulders pattern and have given the breakout above its neck which is another sign for its bullish momentum.
It is a good time to add some quantity in your portfolio for good risk to reward ratio.
For conservative traders or investors, they can wait for a retest of the level of 1710 and buy some quantity with the stoploss given in the chart.
HDFCBANKNSE:HDFCBANK
One Can enter now!
Or Wait for a retest of the trendline(BO)!
Or Wait for a better Risk:Reward Ratio!
Note :
1. One should go long with a StopLoss, 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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HDFC BANKTechnicals:
1) HDFC Bank share was in a range for almost 3.8 years.
2) Despite seven previous attempts, the price failed to close above the trend line, but on the eighth attempt, it successfully closed above it.
DISCLAIMER: Strictly for discussion purposes only, not for making investment decisions.
HDFC BANK LONGTERM
HDFC Bank can be a good long-term investment for a number of reasons, including its quality, stability, and returns:
Quality
HDFC Bank has higher scores for quality than other blue-chip lenders, and its stability ratios are superior.
Returns
HDFC Bank has given returns of +18.93% in the last year, and +82.31% in the last 3 years.
Analyst ratings
18 analysts have given HDFC Bank a strong buy rating, and 14 analysts have given it a buy rating.
However, stock investment depends on several factors, and investors should consider their own investment goals and horizon before investing.
HDFC Bank upside target 1680 A good rise can be seen again in HDFC Bank. After rising above the strong support of 1600, the stock is currently closed at 1632.10 above 20 SMA 1623.95. From where the stock may see a rise of 2 to 4 percent in the coming week. It is also possible that the stock may touch the target of 1680 next week.
HDFC Bank Ltd - Approaching Breakout LevelsHDFC Bank is nearing a potential bullish breakout above 1,684.00, with the next resistance level at 1,794.00. The stock has been consolidating and shows signs of upward momentum. Keep an eye on these levels for a decisive breakout, which could lead to a strong move higher.
HDFC Bank: The highs and lowsThe price is about to pivot after remaining in the range 1756.30 and 1272.80 since the year 2021. The management is beginning to communicate better with the public hence dispersing extant fears.
You would notice from the chart that the current unfolding price pattern is similar to the price structure in the rectangle. There’s a high probability that the price will reverse as it did at point A.
Share and like if this was helpful.
HDFC Bank breaks all time highHDFC Bank has moved to break ATH since the last update on April 19, 2024. This adds confidence to the idea that the bulls have control.
Have adjusted the count a bit as it seems to nesting in a 1-2 1-2 pattern.
This one was a very low risk to reward trade, and has been playing out beautifully if you followed the plan as laid out in 18th January post.
Shall update as price further develops.
Thanks for reading!
HDFCBANK: A technical outlookThe chart is pretty self-explanatory as always :)
What do you make of this price action?
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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻