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Technical Analysis of HDFC Bank Limited

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Technical Analysis of  HDFC Bank Limited:

TECHNICAL ANALYSIS ON MONTHLY CHART

The technical looks that the major and, the short-term trend is bullish, price strongly trending to the upside, the monthly chart having two indicators one RSI AVERAGE EMA which showing bearish breakout, MACD also having the recent bearish breakout in monthly chart, the second indicator is PITCH FAN, which showing resistance at zone of 2200, price also reversing from resistance  2200 by forming bearish engulfing, pattern at that which show selling pressure 52WEEK support level at 1318. Short term resistance ar 2100.

NSE: HDFCBANK | TECHNICAL ANALYSIS | IAMVIMALSINGH

TECHNICAL ANALYSIS ON WEEKLY CHART:

Here price at short-term correction mode but the major trend is still bullish, forming a Head & Shoulder Pattern. Price at the level of EMA 55, 6 Month support and neckline of head & shoulder pattern also at 1832 EMA 100 Also at the same level, Now we have another indicator in weekly chart Called MACD4C  Custome indicator which shows divergence in weekly chart its mean for reversal sign in overall stock its a great sign of reversal, and if price break support level of 1800 after forming right shoulder it will be fatal for this stock.

FUNDAMENTAL ANALYSIS:

NSE: HDFCBANK | TECHNICAL ANALYSIS | IAMVIMALSINGH

SHAREHOLDING PATTERN LOOKS GOOD COMPANY HAVING GOOD FII INVESTMENT

 

NSE: HDFCBANK | TECHNICAL ANALYSIS | IAMVIMALSINGH

RECENT RESULTS ARE REALLY IMPRESSIVE, PAYING AVERAGE DIVIDEND

NSE: HDFCBANK | TECHNICAL ANALYSIS | IAMVIMALSINGHNSE: HDFCBANK | TECHNICAL ANALYSIS | IAMVIMALSINGH

PE LOOKS SOME SORT OF OVERVALUED.

OVERALL: ALWAYS WATCH TECHNICAL LEVEL IMPORTANT PRICE WILL BE AT 1700-1800 AS A MAJOR SUPPORT,

 

 

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