Free Intraday Trading Tips and calls for today and tomorrow

Last day on February 29th we have have posted HDFC Bank shares buy level in our Telegram Channel https://t.me/safetrader90. Now we will see the chart levels and upcoming target for short term and long term investment. From January 14th to February 16th, its almost a month and our HDFC bank shares slides to 1370 levels from 1480 levels. We ask to add some quantities at 1500 levels too. Now lets see the chart in detail, so that you can enter at right levels and see the upcoming target.

HDFC Bank Q3 FY2024 results and the Effect on The stock

HDFC Bank reported a good results in Q3 FY2024, more than 33 percentage growth in net profits at 16372 crores of rupees. Even though HDFC Bank gives good results or better results, the share price declined. It is mainly because investors concerned about the flat Q3 margins. Because of this Motilal OSWAL Fin service, Kotak institution Equities have reduced the Value of this particular stock. This is why the market was falling in last 1 month.

You may also like to read our previous post on "Should I Trade in Options as a Beginner?"

Latest Chart Analysis for HDFC Bank share

Here will analysis the HDFC Bank share chart in Monthly chart and we will see the support levels and resistance levels. 

Above given is the monthly chart with given demand and supply zone for the HDFC Bank share. By seeing this chart we can understand that HDFC Bank share almost near the Support levels and started moving from that support zone. So we have given HDFC bank share in our free telegram group as 1380 to 1405 levels. Now current Market price of this share is 1430, which is more than 1 percentage. 

You can easily keep the short term target of 1700 levels or as per your risk reward ratio. Also you may add more quantities till 1280 levels and can be averaged. This stock may be at risk below 1250 levels.

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• HDFC Bank entry levels :- 1280 to 1405
• Short term target:- 1700
• Risky below 1250
• Time to be considered:- short-term, Mid-term, Long-term.

Conclusion

So here we have seen the latest target price and entry price of HDFC Bank share for short term and long term. Mark those levels in your trading view charts and wait for the levels to activate. For intraday trading , you can analyze in the Lower timeframe to find the opportunities. Always do your own analysis before investing.