Nifty now a Buy on PERFECT SETUPAs you may find that similar formation and PERFECT SETUP occurred earlier between 21st Nov 2024 to 6th December 2024. 1W 1D 4H are also similar. First Target (so long 1M and 3M Fisher are negative) will be 4H Fisher and TSI Top.
See as per PERFECT SETUP. Request please keep these 2 indicators in your screen.
Disclaimer:
This is for informational purposes only, not financial advice. Trade at your own risk.
Chart Patterns
SIEMENS STRIKING RESISTANCESiemens is gouing to change its trend,Ihanve shown two green arrows which is telling you it might be a reversal because the zone frome where it is trying to change its trend is DOUBLE BOTTOM shown as upper green horizontal line below that line is my support line all red lines are resistances and green lines are supports.
now siemens looks bullish but it may be shortcovering as well so be take care at resistances having crossed you can consider reversal its not my buy/sell call, Please keep in mind.
Kalyan Jewellers Crash to 340 - 300 Support ZoneThe Stock is still trading at a PE of 100
And once it got entry in F&O segment, the Bears took control
Price Chart shows AVWAP from inception comes around 300 level
And approx. 340 is the 4th June 2024 Election Day Low
Price in a Strong Waterfall Decline and is probably headed to meet that Downside Target/ Support Zone
hdfc bank view HDFC Bank, one of India's leading private sector banks, was established in 1994. Its origins and development reflect the transformation of India's banking sector during the 1990s, following the liberalization of the Indian economy.
### Key Milestones in HDFC Bank's History:
#### 1. **Foundation and Early Years (1994-1999)**
- **Incorporation**: HDFC Bank was incorporated in August 1994 in Mumbai, Maharashtra. It was promoted by the Housing Development Finance Corporation Limited (HDFC), India's premier housing finance company.
- **Banking License**: In January 1995, the Reserve Bank of India (RBI) granted HDFC Bank a banking license, allowing it to operate as a scheduled commercial bank.
- **IPO Launch**: In 1995, HDFC Bank went public, listing its shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The IPO was well-received, reflecting investor confidence.
- **Early Operations**: The bank initially focused on corporate banking, capitalizing on the growing demand for professional banking services.
#### 2. **Expansion and Growth (2000-2010)**
- **Branch Network**: HDFC Bank aggressively expanded its branch network across India, establishing a strong presence in urban and semi-urban areas.
- **Technological Leadership**: The bank was among the pioneers in adopting advanced technology, offering internet banking, phone banking, and ATMs for customer convenience.
- **Merger with Times Bank**: In 2000, HDFC Bank merged with Times Bank, the first merger in the private banking sector in India. This significantly boosted its customer base and geographical reach.
- **Retail Banking Growth**: The bank expanded its focus to include retail banking, offering personal loans, credit cards, and savings accounts, gaining a diverse customer base.
#### 3. **Dominance and Diversification (2011-2020)**
- **Leadership**: Under the leadership of Aditya Puri, HDFC Bank became synonymous with stability, efficiency, and innovation. Puri served as the Managing Director from its inception until October 2020, making him the longest-serving CEO of any private bank in India.
- **Digital Transformation**: The bank introduced mobile banking apps and enhanced its digital offerings, positioning itself as a leader in digital banking.
- **Market Capitalization**: By 2020, HDFC Bank became the largest private sector bank in India by market capitalization.
#### 4. **Recent Developments (2020-Present)**
- **Leadership Change**: In 2020, Sashidhar Jagdishan succeeded Aditya Puri as the Managing Director and CEO.
- **Technological Challenges**: Despite its technological edge, the bank faced some issues with outages in digital services, prompting RBI to impose temporary restrictions on new digital launches.
- **Merger with HDFC Ltd**: In April 2022, HDFC Ltd announced a merger with HDFC Bank. This landmark deal, finalized in 2023, combined the strengths of the two entities, creating a financial services powerhouse.
### Current Status:
As of today, HDFC Bank is one of the most trusted banks in India, known for its robust financial performance, customer-centric approach, and innovative services. It operates a widespread network of branches and ATMs and continues to play a pivotal role in India's economic growth.
STERTOOLS - BREAKOUT TRENDLINE - 4HR CHART.Sterling Tools has given BO of the trendline, now re-testing.
It made a Hammer at the support and gave reversal. There is Probability of it going up.
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For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
Series "Effective capital management - The key to success!"While waiting for the results of the trading plan. There is a little experience for those new to the market that I want to share with you. It is also the lessons I have experienced. If you have any questions, please leave a comment. I will answer for you.
🌟Lesson 1: Why do we need CAPITAL MANAGEMENT
📌 Many people after suffering financial losses often have a feeling of fear. But they really do not understand where their fear comes from and what they are really afraid of?
📌 We all cannot really distinguish between the fear of LOSING MONEY and the fear of the MARKET.
📌 The fear of losing money mostly comes from players with less than 1 year of experience and they do not know how to manage the capital assets they are holding. They enter the trading profession mostly with the money they have saved their whole life, an amount of money that is too large compared to their financial reserve.
👉👉👉I temporarily call this the TRADE OF A LIFE.
⚠️⚠️⚠️Its characteristics are easy to recognize
They often use 100% or more than 50% of their total assets to participate in the game, but they are essentially newbies.
Therefore, when they lose, they are easily held back by a negative account loss of nearly 80%.
Then they call for help everywhere and easily fall into a crisis and mental stress.
⛔ This is a fear that easily leads to despair.
📌 Fear of the MARKET is different:
Fear mostly comes from players who are just starting to analyze, explore and have a little experience, but still lose.
This fear lasts and gradually makes traders respect the market and be less arrogant when placing orders.
✅ This fear is good:
It helps us be more serious about capital management.
Reduce excessive sublimation in trading.
Know how to respect the market.
💡 Fear and respect for MARKET is respect for your assets. 💎 THAT RESPECT IS CALLED: CAPITAL MANAGEMENT.
Let's wait for Part 2: Instructions on how to effectively manage capital for beginners
BANK OF BARODA - BREAKOUT TRENDLINE - WEEKLY CHART. Bank of Baroda is at an old support area, has formed a Hammer candle.
Once it gives BO of the the trendline then there is probability of going up. It may also spend some time between 215-230 before giving an upside move.
High of the Hammer candle-230 seems an Entry point and 216-SL.
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For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
Bitcoin Bybit chart analysis january 16Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is the Bitcoin 30-minute chart.
Nasdaq indicators will be announced at 10:30 in a little while.
In the 3-hour chart, where there is MACD dead cross pressure,
Nasdaq has a possibility of a vertical rise in real time,
and Tether Dominance has a possibility of a vertical fall from the current position.
As you can see from this week,
it just opened its mouth and went up to about $11,000, right?
Looking at the candle shape and cost-effectiveness,
I could miss the entry point, so I set a short stop loss and operated aggressively.
*Red finger movement path
One-way long position strategy
1. Pursuit purchase at $98,982 / When the purple support line is completely broken
Or when the 2nd section is touched, stop loss price
2. Top section 101,883.5 dollars 1st target -> Good 2nd target price
Since it is touching the expected support line first today, I am going to see the outcome.
The purple finger 99.7K at the top is the best short position entry point for today.
Since the 2nd section is the center line touching section of the 2-hour Bollinger Band chart
The short-term pattern can be broken,
It is best to raise it from the purple support line if possible
From the perspective of a long position.
The convergence section of the 1st and 2nd sections is a sideways market
The 3rd section is the 1+4 major support line.
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you operate safely with the principle of trading and cut-off price.
Thank you.
TATA MOTORS - INVERTED H&S - 4HR CHART.Neckline breakout in Tata Motors may give a good move.
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For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
Can RELIANCE be accumulated at the Current Market Price(CMP) ?Reliance: Bullish Potential Above Monthly Trendline! 🚀
If Reliance closes above the trendline on the monthly timeframe, it signals a strong buying opportunity for accumulation. Watch closely for confirmation!
"Reliance: Technicals Indicate Strength, But Patience is Key!"
"The chart is technically looking good; As one can see price is forming a Ascending channel pattern.
However, it's essential to wait for the monthly candle to close above the trendline before taking action. Patience remains the cornerstone of successful investing and trading. Stay disciplined and wait for confirmation!"
> Premature entries can lead to unnecessary risks.
>Always prioritize confirmation over anticipation
ASHAPURMIN is Set to rally! Time to go Long!Hey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle Pattern in Daily TF.
* From Dec 2023 to Jan 2025 Tested Resistance Many times.
* It's Break resistance Zone and trying to Sustain above Resistance Zone with good volume good closing required.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
BITCOIN BREAKING RANGEafter negating to break base now Bitcoin is trying to come out from raange of triangle but just above there is resistance whenever this will sustain above resistance and break previous high then there may be chance to go for its all time high.but now we should wait for signal to be long this is not my buy/sell call.Its my view only.
IRFC at a Crossroads: Breakout or Breakdown?
Hey everyone! Let’s dive into an updated analysis of IRFC based on the latest weekly chart and recent price movements. There’s been some interesting action, and here’s what I’ve observed:
Current Status of the Stock
Price: ₹144.87
The stock saw a strong weekly bounce from the ₹127–₹140 zone, forming a solid green candle. This move indicates renewed buying interest, especially as it rebounded from a critical demand zone.
Trend:
After the breakout from the descending wedge earlier, the stock entered a consolidation phase. However, this bounce near a major support zone is a promising signal for potential trend reversal.
Key Levels to Watch
Support Zones:
₹140–₹144:
This has been a strong demand zone, tested multiple times. Bulls are clearly defending this range, and it’s crucial for the stock to hold here.
₹127:
This was a key support during previous corrections, and it remains a safety net if ₹140 breaks.
₹125–₹130:
The ultimate support range, aligning with the Fibonacci pivot S2 level. If this breaks, we could see significant bearish momentum.
Resistance Zones:
₹147–₹153:
This is the immediate hurdle. The stock has struggled to close above ₹147, and breaking this range would confirm bullish momentum.
₹160–₹165:
A medium-term target, aligning with the 200-day SMA and a strong resistance zone historically.
₹180:
If the stock sustains bullish momentum, this becomes a long-term target.
Technical Indicators Breakdown
MACD (Weekly Timeframe):
The MACD line is still below the signal line, which means bearish momentum isn’t entirely out of the picture yet.
However, the histogram is showing shrinking red bars, indicating that bearish pressure is weakening. A bullish crossover could be around the corner, which would confirm medium-term strength.
RSI (Weekly Estimate):
RSI seems neutral right now (likely in the 40–50 range), suggesting consolidation. If it moves above 50, that would further validate bullish momentum.
Candlestick Patterns
This week’s candle is very bullish, with minimal downside wick. It shows buyers have stepped in strongly at lower levels. That said, the slight upside wick near ₹146 indicates resistance around this level.
Next week will be critical—if we get a continuation candle above ₹146–₹147, it could confirm a breakout and bring strong upward momentum.
Possible Scenarios
Here are the three likely scenarios for IRFC in the coming weeks:
1. Bullish Breakout:
If the stock sustains above ₹147:
Target 1: ₹153
Target 2: ₹160–₹165 (medium-term)
Target 3: ₹180 (long-term)
Confirmation Signals:
A weekly close above ₹147.
Volume spike.
MACD crossover in the weekly chart.
2. Bearish Breakdown:
If the stock breaches ₹140:
Target 1: ₹130 (Fibonacci S2 level).
Target 2: ₹125 (critical support zone).
Warning Signs:
A bearish weekly candle.
Increased selling volume.
MACD divergence widening on the downside.
3. Sideways Consolidation:
If the stock remains range-bound between ₹140–₹147:
Expect more accumulation within this range.
Breakout direction will define the next move.
Trading Strategy
For Bulls:
Entry: Wait for a confirmed breakout above ₹147 with strong volume.
Targets: ₹153, ₹160, ₹180.
Stop Loss: Below ₹140.
For Bears:
Entry: Look for a decisive breakdown below ₹140 with bearish candles.
Targets: ₹130, ₹125.
Stop Loss: Above ₹147.
For Neutral Traders:
Accumulate in the ₹140–₹144 range. This is a strong demand zone and could provide a good risk-to-reward setup for a breakout trade.
My Take
The current price action around ₹144 looks like the stock is setting up for a bigger move. If it can sustain above ₹147 next week, we could see a rally toward ₹160 and beyond. On the flip side, a break below ₹140 would invalidate the bullish setup and take the stock into deeper correction territory. Let’s keep an eye on volume and how the weekly MACD behaves in the coming sessions.
What do you all think? Let’s discuss!
Ashapurmin- Breakout from a resistance. Ashapurmin-
Not falling much in this weak market.
Broke out of previous resistance.
No resistance to the left.
Good RSI
Buy a small qty at CMP. Wait for a Weekly close above 485 to add more.
Wait for a retest and reversal of 485 to add the rest.
⚠️Risky- since we are trading against the overall Market Trend.
Beginners do not attempt the trade.
Risk management and position sizing is key. Trade very Light. High probability of the trade going against us.
❗️Disclaimer: This is for educational purposes only. Consult your financial advisor before making any investment decisions.
$NSE:GSPLNSE:GSPL : Gujarat State Petro Ltd 🚀
I've spotted several key technical patterns and points of interest 📊:
Descending Triangle Pattern 🔺
A clear descending triangle has formed from September 2023 to January 2025
Upper resistance line is descending from around ₹470 to ₹370 levels
Lower support line has been relatively flat around ₹350-₹360 levels
Price Action & Trend 📈
Currently showing a strong bullish candle with a +9.16% gain 📊
Price has broken above the descending triangle resistance line
Multiple EMAs (Exponential Moving Averages) visible on the chart showing previous resistance levels 📉
Volume Analysis 🔍
Significant volume spike visible in the latest session (8.05M vs avg volume of 928.27K) 📊
Volume Run Rate is extremely high at 1664.19% 🚀
Previous major volume spikes were seen in September 2023 📅
Key Price Levels 💵
Current price: ₹373
Recent resistance levels: ₹394.80, ₹401.40
Support levels: ₹350.00, ₹321.05
52-week high appears to be around ₹469.70
Technical Indicators 📈
RSI (shown in the bottom panel) has moved from oversold to neutral territory 🔄
Multiple EMAs crossovers visible, indicating trend changes 🔀
The current breakout from the descending triangle pattern with high volume support suggests a potential trend reversal from bearish to bullish 📊. However, traders should watch for confirmation of this breakout in subsequent sessions to validate the pattern completion 📉.
Price Targets 🎯
Traditional Triangle Measurement Method
Height of triangle: ~₹470 - ₹321 = 149 points
Breakout point: ~₹372-₹375 level
Conservative target: ₹375 + 149 = ~₹524 INR
Alternative Measured Move Targets
First resistance: ₹394.80 (Immediate resistance)
Second resistance: ₹401.40 (Previous consolidation level)
Third resistance: ₹435.00 (Major resistance from October 2023)
Risk Management Levels ⚠️
Support (Stop Loss): ₹350.00 (Previous support)
Risk:Reward: Favorable if using ₹350 as stop loss for targets above ₹400
Important Considerations 🤔
High volume breakout (767.99% change in volume) adds credibility to the move
Previous resistance around ₹435-₹440 zone
Conservative target: ₹394.80
Aggressive target based on pattern measurement: ~₹495
Disclaimer:
This is not financial advice. Please do your own research before making any investment decisions. Trading stocks involves risk and may not be suitable for all investors.
pole & flag in MAZGAON DOCKMAZGAON DOCK weekly chart, possible pole&flag pattern in formation.
Mazagon Dock Shipbuilders Ltd., incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 90,685.87 Crore) operating in Defence sector.
Mazagon Dock Shipbuilders Ltd. key Products/Revenue Segments include Contract Revenue, Sale of Products, Other Operating Revenue, Ship Repairs and Scrap for the year ending 31-Mar-2024.
Short Downside Swing PossibleNSE:MAZDOCK fell by 8.7% today and is now at a crucial zone of support near 200 DEMA and a falling 20 DSMA.
Trade Setup:
If it is Unable to Hold 200 DEMA and the Support Zone it May Fall to marked Levels of 1600. No Trade if it Closes above 20 DSMA.
Take Profit:
Near Marked Levels around 1600.
Stoploss:
Entry Candle High or Swing High.
📌Thank you for exploring my idea! I hope you found it valuable.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.