(HDB) Investment Analysis

December 14, 2024, 21:24 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HDB

• Buy HDB near 63.6 target 68.15 stop loss @ 63.42 Details

The technical summary data tells us to buy HDB near 63.6 with an upside target of 68.15. This data also tells us to set a stop loss @ 63.42 to protect against excessive loss in case the stock begins to move against the trade. 63.6 is the first level of support below 67 , and by rule, any test of support is a buy signal. In this case, support 63.6 is being tested, a buy signal would exist.

• Short HDB slightly under 68.15, target 63.6, stop loss @ 68.35 Details

The technical summary data is suggesting a short of HDB as it gets near 68.15 with a downside target of 63.6. We should have a stop loss in place at 68.35though. 68.15 is the first level of resistance above 67, and by rule, any test of resistance is a short signal. In this case, if resistance 68.15 is being tested, a short signal would exist.

Swing Trading Plans for HDB

• Buy HDB slightly over 68.15, target n/a, Stop Loss @ 67.95 Details

If 68.15 begins to break higher, the technical summary data tells us to buy HDB just slightly over 68.15, with an upside target of n/a. The data also tells us to set a stop loss @ 67.95 in case the stock turns against the trade. 68.15 is the first level of resistance above 67, and by rule, any break above resistance is a buy signal. In this case, 68.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short HDB slightly near 68.15, target 66.86, Stop Loss @ 68.35. Details

The technical summary data is suggesting a short of HDB if it tests 68.15 with a downside target of 66.86. We should have a stop loss in place at 68.35 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 68.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for HDB

• Buy HDB slightly over 68.15, target n/a, Stop Loss @ 67.99 Details

If 68.15 begins to break higher, the technical summary data tells us to buy HDB just slightly over 68.15, with an upside target of n/a. The data also tells us to set a stop loss @ 67.99 in case the stock turns against the trade. 68.15 is the first level of resistance above 67, and by rule, any break above resistance is a buy signal. In this case, 68.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short HDB slightly near 68.15, target 66.9, Stop Loss @ 68.31. Details

The technical summary data is suggesting a short of HDB if it tests 68.15 with a downside target of 66.9. We should have a stop loss in place at 68.31 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 68.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Hdfc Bank Limited (HDB) available here: HDB.

HDB Ratings for December 14:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	59.02
P2	66.34	66.86	63.6
P3	66.9	68.07	68.15

AI Generated Signals for HDB

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With an objective approach to Hdfc Bank Limited (NYSE: HDB), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for HDB change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if HDB is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for HDB too.  All of these are offered below the Summary Table.