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Hdfcbankanalysis

HDFC BANK - Hammer Candle - Result announcement on 18th July#HDFCBANK Strong Growth in Deposits and Loans in street view. CASA is good. Since two day stock was closing below 20EMA but today closed above 20EMA with Hammer candle. Stock will be volatile due to upcoming quarter result. Today stock got support over baseline of ichimoku but still below conversion line. Showing Bearish result in Technical Parameter: CCI is treading down but showing reversal MACD is treading down above 0 RSI is treading down but showing reversal Stoch is treading down MFI is treading down ATR is decreasing since 3 day Short covering ---------------------------------------------------------- Support : 1000 and 959 Breakdown : 1031 LTP : 1062.35 Breakout : 1080 Short Target : 1100 ---------------------------------------------------------- Positive & Negative Point: 1) Neutral in Daily/Weekly while Bullish in monthly chart 2) Hammer candle 3) Relative Strength - sectrol index is increasing ---------------------------------------------------------- (Disclaimer: This is only for educational purpose and paper treading.)
NSE:HDFCBANK
by singajai
HDFC BANK at 200SMA Breakout - Mix indicator result - Next Level#HDFCBANK Q1FY21 advances stood at Rs 10,045 Billion vs Rs 8.297 Billion YoY. Deposits at Rs 11,895 Billion vs Rs 9,546 Billion YoY while CASA Ration at 40% vs 39.7% YoY which will help to make better operating efficiency of the Bank. Yesterday, Stock breakout the upper trendline but closed below 200SMA after hitting. Today open above but shown bearish movement and closed above trnedline. If NIFTY will bullish tomorrow then stock will hit 200SMA else it will move to down from trendline. Showing Mix result in all indicator: Increase in Relative strength - Sectoral Index MFI bearish CCI in overbought RSI is trending UP Stoch in overbought New Long ---------------------------------------------------------- Support : 1085 and 1068 Breakdown : 1093 CMP : 1105 Breakout : 1111 Short Target : 1122 and 1138 ---------------------------------------------------------- Negative Point: 1) HDFC Bank clarify about raising money via QIP/ADR and said news are purely baseless and speculative. ---------------------------------------------------------- (Disclaimer: This is only for educational purpose.)
NSE:HDFCBANK
by singajai
HDFC Bank | Still weak | Still in Downtrend`Friends, please support this idea with LIKE if you find it useful. Downtrend continues. Use the pullback to get in. Thank you for your support, I appreciate it. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
NSE:HDFCBANKShort
by Fx_Stormtrader