I am looking for a breakout and will trigger trade after confirmation as it is already fallen very much.
Keep eye on volume formation as the volume are more reliable in such situation.
HDFC is very bearish making inverted flag pattern in 1 hr time frame
Nifty is also at its upper end of the channel which add more safety to this trade .
My advice is that look for...
share name : hdfc amc
call type : poistional
- high of 3360 is acting as a huge res.
- range formation
- inside candle can be seen on bottom
- ab=cd forming
we can initate a buying at price - 2720 with sl 2600
approchable target 3962
thanks
#we make only profit.
# wait 30 min to enter.
#down open than wait for 2nd candle if its go down than set stop loss on 2nd candle high and buy put
#If you need any help comment or message me.
NSE:HDFCBANK
Observations:
1) On 1 day time frame, it closed just above 10DMA and still trading below 200DMA.
Please refer below chart : 1 day Time Frame.
2) Also on daily time frame, it made doji candle.
If it trades above today's high then it will be quick buy trade.
And if it trades below today's low then it will be quick short.
Please refer...
HDFC - TIMEFRAME: 1D
hdfc is creating and pole and flag pattern, as of now, its taking a support on trendline and creating a reversal. this broke the resistance level on lower timeframe. and target is at top resistance line in 1D timeframe.
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
HDFC bank has taken a beating like most banking stocks and is at its support. The only problem is that it has broken below the 200 Day EMA and if it doesn't climb up, it can go in for a very long correction. Hence, it is a wait and watch situation right now in this one.
Here is my view on why I believe that the definition of Trading & Investing is likely to undergo a change.
Please let me know your views about the same.
Thank you!
Umesh
NSE:HDFCAMC
Observations:
1) On 1 week time frame, we can see that immediate resistance level is at 2400 and immediate major support is at 2250-2256 level range.
Please refer below chart : 1 week Time Frame.
2) On Daily time frame, it is still trading below 200 and 400DMA.
Please refer below chart : 1 day Time Frame. ...
DATA DRIVEN ANALYSIS OF NIFTY & BANK NIFTY FOR THE WEEK ENDING 24-12-21
This is a new weekly post/series where I will briefly capture the key highlights of the 2 leading indices. This post is supported by a video that takes you through the details of how I have arrived at the analysis. I encourage you to view the video as well since not everything can be captured...
NIFTY 50 EOD ANALYSIS 24-12-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 17149.50
H 17155.60
L 16909.60
C 17003.70
EOD -68.85 points / -0.40%
SGX Nifty 24-12-21 @...
NIFTY 50 EOD ANALYSIS 23-12-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 17066.80
H 17118.65
L 17015.55
C 17072.60
EOD +117.15 points / +0.69%
SGX Nifty 23-12-21...
![HDFCBANK: Simple Trade Setup | HDFCBANK | 29-12-2021 [INTRADAY]](https://s3.tradingview.com/y/yXrslIr4_mid.png "Simple Trade Setup | HDFCBANK | 29-12-2021 [INTRADAY]")
![HDFCAMC: Simple Trade Setup | HDFCAMC | 27-12-2021 [ INTRADAY]](https://s3.tradingview.com/i/iyErXZjM_mid.png "Simple Trade Setup | HDFCAMC | 27-12-2021 [ INTRADAY]")
