Satish Sunchu’s Post

HDFC Bank Stock Breakout Alert 🚀 After two months of consolidation, HDFC Bank is showing signs of a potential breakout. The stock has broken above the Bollinger Bands' upper limit, trading around Rs 1,663. Key indicators like RSI, MACD, and Slow Stochastic point to bullish momentum, with resistance at Rs 1,682. A breakout above could push the stock to Rs 1,750 and Rs 1,780. Strong support lies at Rs 1,635, with a break below Rs 1,620 signaling a reversal. Options data shows higher open interest in Calls, with resistance expected at Rs 1,680-1,690 and strong support in the Rs 1,655-1,640 range for the September series. Upside potential: 7.1% #StockMarket #BreakoutAlert #HDFCBank

🚨 Just published a new analysis on HDFC Bank's recent stock decline. 📉 Curious about the reasons behind it? Head over for an in-depth look! 🏦📊 https://lnkd.in/gDaFdW22 #HDFC #StockAnalysis #HDFCBank #StockMarket #FinanceAnalysis #Investing

🚀 HDFC Bank Technical Analysis Update 🚀 On July 3rd, HDFC Bank's stock hit an all-time high of ₹1791, nearing the key psychological level of ₹1800. The stock retraced to ₹1588 by July 25th, aligning with the significant round figure of ₹1600 and approaching the golden Fibonacci ratio of 0.618, indicating a potential support level. Currently, the stock is consolidating between ₹1600 and ₹1650, setting the stage for a potential breakout. If HDFC Bank surpasses this range, upward targets are at ₹1684, ₹1722, ₹1761, and a new all-time high at ₹1791. Bullish Scenario: Breaking above ₹1791 could lead to a psychological target of ₹2000, reflecting a substantial potential upside if the bullish trend continues. Technical Indicators: - 1-Hour RSI: 67 - Daily RSI: 53 - Weekly RSI: 59 The stock shows strength across all time frames, indicating a bullish outlook. Confirmation of a breakout above ₹1650 is crucial to validate the trend. Key Takeaway: Watch for a breakout above ₹1650 to confirm the upward trend. A move above ₹1791 could signal a push towards ₹2000. 📈 Stay tuned for more updates and analysis! #HDFCBank #StockMarket #TechnicalAnalysis #Investing #Trading #MarketTrends #FibonacciRetracement #StockTargets

BofA on HDFC Bank Downgrade to Neutral from Buy; Cut target price to Rs 1830 from Rs 1850. Navigating a tricky FY25 - risk-reward capped near term. FY25 - balancing the positives and negatives. A shallow rate cut cycle delays NIM recovery. Catalysts are likely to play out only in 01 FY26. Stock is up ~20% from February lows driven partly by index upweight optimism. Now expect the stock's risk-reward to be in a narrow range over the next 12 months.

HDFC BANK Analysis The stock is currently consolidating with an ascending triangle formation. This consolidation is characterized by a shifting upwards of the support level, indicating potential bullish sentiment. The volume profile indicator shows healthy volumes supporting this consolidation phase. A breakout above the resistance level is anticipated, potentially stock can give a move to 1568 level which is acting as a resistance. This breakout could signify a bullish momentum in stock, offering an opportunity for traders to capitalize on potential upward price movement. #TechnicalAnalysis #StockMarkets #TradingView #TradeSmart

🔍 Swing Trading Insights on HDFC Bank 📉 Analyzing the Stock: 1. Resistance Alert: ₹1700 is a critical resistance zone. Volume trends around this level are crucial. 2. Optimal Entry Points: For swing trading, key price action analysis is essential. Look for price dips to previous peaks, as these levels often become strong support zones. 3. Strategy Tip: When the stock is in a bullish trend, identify previous highs. These highs act as potential support levels during dips, providing excellent entry points. Example: In HDFC Bank’s recent rally, observe how the price pulled back to the previous peak, which acted as support before bouncing back. This strategy helps in making informed entry decisions in a bull trend. 📈 Actionable Advice: Monitor price dips to these significant levels to identify potential entry points. Remember, understanding past resistance and support can guide you in making strategic trades. #HDFCBank #SwingTrading #StockMarket #TradingTips #InvestingStrategy #TechnicalAnalysis #BullTrend #MarketInsights This clip was edited from the video "How to manage swing trading entry and exit in a bull market | Lets Get Technical Ep - 64" posted on YouTube on Jul 18, 2024.

HDFC Bank shares experienced a significant downturn, falling by 3.7% to a day's low of Rs 1,480 on the BSE. Nifty heavyweight stock has witnessed a sharp decline, shedding approximately Rs 1.3 lakh crore in market capitalization, marking a 12% drop since 17th January,2024. HDFC Bank's weak performance contributing to over one-third of the overall decline in both Nifty and Sensex. Despite the dip, the stock failed to attract enough buyers, raising concerns among investors. Market observers are closely monitoring the situation, considering the impact of HDFC Bank's performance on broader market indices. Stay tuned for further updates as the market dynamics continue to evolve. #NDIM #MarketUpdate #HDFCBank #StockMarket #Investing #Nifty #Sensex #FinancialNews

Harsh reality of the #Stockmarket HDFC Bank stock (4Y return) ~ almost Nil kotak Bank stock (4Y return) ~ almost Nil HDFC Bank stock (9Y return) ~ almost Nil Money parked as FD in these banks yields better than stock performance. PS: I am very bullish on the financial sector especially private banks as I find them undervalued.

January 17, 2024 witnessed a significant downturn for HDFC Bank , with its stock plummeting by 8.4% to settle at INR1,537.50. This marked the most substantial drop since the market turmoil sparked by the pandemic in March 2020. As pessimism loomed in the options market, reflected in the rising 'put-call' ratios, there emerged a silver lining for certain fund managers. Those favoring the quality factor, characterized by stocks with higher ROE and generous dividend payouts often commanding premium valuations, found reason to rejoice amidst the market turbulence. #HDFCBank #StockMarket #MarketCrash #Investing #QualityFactor #ROE #DividendStocks #FinanceNews #MarketSentiment #InvestmentStrategy #FundManagers #StockDownturn #FinancialAnalysis #OptionsMarket #PutCallRatios #MarketVolatility #InvestmentOpportunity #StockPerformance #MarketTrends

IndusInd Bank Ltd. (NSE) PROJECTION :🎖️ • The blue line indicates a potential bullish movement, suggesting a rally up to the 1,455.70 resistance level. This is contingent on the stock holding above the support level at 1,363.15. • If the price breaks below the 1,363.15 level, the trend may turn bearish, and the stock could potentially target the lower support at 1,336.60. CONCLUSION 🎖️ Bullish Scenario: The stock is expected to rise towards the 1,455.70 resistance level as long as it stays above 1,363.15. Bearish Scenario: A break below 1,363.15 could signal a bearish trend, with a potential target of 1,336.60. It’s crucial to monitor these key levels and the overall market sentiment for further confirmation of the trend. #IndusIndBank #BankingStocks #NSE #BankNifty #Bullish #Bearish