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HDFC Bank - How to trade tomorrow I have taken HDFC Bank as an example and tried to answer first question as to how it happens? Hope every one of us will understand? But, for second question, how and when will it happen, I will post today itself more charts for you to understand the concept. 1. 1407 is the magical number for the stock. 2. In 14 days chart it is trading above 200 SMA, it is a bullish condition. 3. 1369 is a Gann Number and it makes the case all the stronger for bullishness if that number is not broken, stock fell from 1681 which is again a square number. So, it completes square of 4 numbers. 4. Remember my previous idea last week where I was continuously warning you that there is no support (or shoulder) on the right and it is likely to be made somewhere near 1392/97 Inverted head and shoulder is invoke as shown above.; on the left side it has already made strong support and strong support above head also there. 5. In the 14 days chart it is clearly visible that the stock has completed two complete waves and is now heading towards third wave. (Attached here is 14 days chart also). 6. Now, our story of 29th February 2024 will be completed tomorrow. Remember, price is retracing back from the high of 14th February 2024, But it can go till the low of this date also just to have full liquidity by the smart money. 7. As per William’s R% the stock is oversold, which makes the smart money a good case to take the auction up. 8. Now, the major question is how to trade tomorrow? Please do not trade immediately, wait for at least 3 hours. Let at least three hourly candles close above 1392 to mark the beginning of right shoulder. Let smart money play its game and things get cooled off and there the game starts. It will mark beginning of the support but doesn’t mean that things will start moving immediately. It will take at least 18 hours of trading to make the support perfectly valid. So, be patient, target is very big at least 1600, 1681, 1764 and more. Please stay connected. Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/Losses Let you grow. May! I follow you.
NSE:HDFCBANK
by rekhi567
HDFC Bank - How to trade today Please read the notes mentioned on the chart. Stage is all set for HDFC Bank to go long but its being managed by three restricting trendlines such that the movement is very little. Even if, prices go up sharply for next two days, s per the levels mentioned there but do not take delivery till 4th March 2024. Watch the candle of 10:30 a.m. today. Please stay connected. Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes. Let you grow. May! I follow you.
NSE:HDFCBANK
by rekhi567
ADITYA BIRLA CAPITAL taking retrace after breakout yearly levelIf we can see longer time frame we can see a cup and holder pattern created . When ever create this pattern a very sharps and good move we can see. What pattern Support behind this Stock: Inverted Head and Shoulder. Cup and holder pattern . This stock breakout and now retracing the resistance level of 159.85-160 and makes it a support. Entry Point: after break the trendline with good volume and buying prefer above 180 level. Keep on your eyes on this stock.
NSE:ABCAPITALLong
by KaustavHazra
2
HDFC Bank - update HDFC Bank is trading at the strong support of 1420 and weak support of 1422. Please read the notes as mentioned on the chart. Now, you must be wondering as to why such small movements are there in the market. Let me tell you the truth. All the movements in stock market are time managed and these movements are managed years before. At present there is a special date coming on 29th of February 2024. This a leap year and this date will come only after 4 years. So, it is crucial. Till then there is such a small movement. As stated earlier, on that date the stocks/commodities which were bearish for the last year, will make a low and the others which were booming will make high and a major reshuffle in the market. So, please remain away from the market unless you can manage small movements or play options. On 29th low and highs and after 3 days of that means form 4th of March movement major movement will come. So, please save your money for all the good times to come. Please stay connected. Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes. Please consult your financial advisor before making any decision, Let you grow. May! I follow you.
NSE:HDFCBANK
by rekhi567
NIFTY FIN SERV WEEKLY EXPIRY 27 FEB 2024The FINNIFTY faced the hurdle at 20938 level and is retracing below it currently. Good call writing at 21000CE/20900CE level must be done by writers. Thereafter we have hit 20500 level so we saw decay in calls from 21000ce to 20500ce levels. Currently we have closed at 20619.70 level on Monday. The level to watch intraday is 20593.70 as seen on chart on the downside and 20706.45 on the upside. Between this range we may see sideways action. Happy Trading !!!
NSE:CNXFINANCE
by kbr9121965