Hidden Bearish Divergence
This occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH).
When you see hidden bearish divergence, chances are that the pair will continue to shoot lower and continue the downtrend.
What we expect next?
As suggested earlier on 17th Aug 2022 video idea that the correction could be deep...
We can see stock corrected after a huge gap up where there was heavy selling that continued for some days from the past itself 75 ema has been acting as exact resistance so from now on price is over 75 ema so it will act as support so we can keep sl slightly below 75 ema or below major trend line .
and we can see fromation of higher highs and higher lows and...
Banknifty 1 h timeframe there is a trensline if price trade below this trendline then we can see a fall of almost 500 points and if market sustain above 41200-41300 then it will stable
NSE:HDFC
Good to keep on the radar as it will help to decide market direction
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer -
SEBI UNREGISTERED
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You...
Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
As can be seen from the above analysis
1) The price if taking support from 200 days EMA.
2) Stock is currently taking strong support through trendline as well as previos resistance point.
HDFC retest Range 2376 to 2290
Wave 4: Wave four is typically clearly corrective.
Prices may meander sideways for an extended period.
And wave four typically retraces less than 38.2% of wave three.
Volume is well below that of wave three.
Chandresh_T
As we can see HDFC Bank has completed rounding bottom now it will try to break out from the given levels and it will come back to read test it's resistance and then we can aim for the given target in the chart...
Do your own research and invest carefully it is just an idea
Stock Name - Housing Development Finance Corporation Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2464
#This is not Buy and Sell recommendation to any...
NSE:HDFC
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
