MURUGAVEL

Almost all the listed PSU Banks Macro Levels were posted here on   10th Dec.2015  SOME MACRO LEVELS OF PSU BANKS - PART 1    and 11th Dec.2015 SOME MACRO LEVELS OF PSU BANKS - PART 2 Out of it, in the last one month, some banks were already met the mentioned macro levels and some are on the way to meet the mentioned macro levels.  Now it is time to see the macro levels of  some of listed Private Banks. *** AXISBANK (374) Already posted on 13th Aug 2015 itself "below 515-505 down side target 400-380, but yesterday ,it closed even below that also. Now what next ?  Now, below 400-380  next in down side 336--303 and worst case 270--260 *** HDFCBANK  (1042) - Below 1040 next in down side 986---943 But below that   ultimate down side 770-750 with in between  support at 865-850. *** HDFC (1150) - Last hope and support 1150--1090 But below that 950-920 & 845-825 *** ICICIBANK (224) - Below 24...

HDFCBANK  (1037) - Support 1040-1025 But below that down side target 960-950

HDFCBANK (963) - Resistance 966-976 But above that upside target 1010-1020

HDFCBANK   (918) - Posted on 10th March as " Hurdle 725-750 But trade and stays above that upside target 920-945" It decisively broken the hurdle of 725-750 on 09th May (closed at 756.80) and yesterday attacked the  mentioned target of 920-945 (made high 934)  It is just 25% only but it took 6 months to attack this target. *** Below is the chart and its performance click the chart below to get the zoom view.

HDFCBANK (711) - Hurdle 725-750 But trade and stays above that upside target 920-945 in between resist at 845-860

HDFCBANK (625) - Posted on 11th July "Below 675 down side target 630-620" as posted now attacked the mentioned down side target (made low exactly 620) Now what next ?  Last hope and support 620-600 But trade and stays below that down side target 490-470

HDFCBANK (659) - Posted on 02nd  July Above 675 upside target 710 After this post it repeatedly attacked 672-673 but unable to break 675 so  now it become resistance if it not move beyond expect in down side 630-620

HDFCBANK (668) - Support 665-660 and Trade above 675 upside target 710

HDFCBANK (683) - In the last five days it came down from 727 to 681 Now Hope and support 672-662 But trade and stays below that down side target 613-603

HDFCBANK (489) -  Below 492-498 weak so expect down side target  442-432

HDFCBANK (551) - Posted on 10th Feb. Already first target attacked. so now all mentioned levels are intact.

HDFCBANK (522) -  Above 520-500 short term upside target 638 In between resist at 560-570

HDFCBANK (484) - Trading Range 490 < > 460 Above 490  up move up to 520 Below 460 down move up to 440-430

HDFCBANK (444) - As posted on 22nd July "it came down from 490 to the mentioned down target of 444-440" now what next ? Last hope and support 444-440 But trade and stays below that going to attack in down side 365-361 in between support  400-396

HDFCBANK (487) - Posted on 22nd July itslef . Still it is valid and lavels intact.

HDFCBANK (496) - Last hope and support 492-490 But trade and stays below that take it down to 465 & 444-440 in between stop at 478

HDFCBANK (2524) -  As posted on 05th July "above 2440 our first target 2560" whereas it went upto 2583 from there correction started and yesterday it made a low 2515. now below 2515 down move continue to 2460-2440  and afterwards 2390

HDFCBANK (2416) - Last hurdle 2420-2440 But trade and stays above upside ultimate target 2674 in between resist at 2540-2560

HDFCBANK (2316) - Support 2290 and trade above 2320 going to attack in upside 2420 minor resist at 2380

HDFCBANK (2050) -  No need to repeat, see 11th Jan post. the levels still maintained.