HDFCBANK WEAKNESS --- HOLD Despite HDFCBANK's recent decline, its primary trend is still positive and buy. HDFCBANK is expected to the 1555 level; if trend support is taken with strong volume, we might expect a short-term upward advance till we receive the right signs. If the support is broken, it will likely to go to the 1530 level.
HDFC
HDFC Elliott Wave Analysis - Weekly AnalysisHello Fellow Traders,
I started learning Elliott Wave Analysis with online free tutorials.
I could able to draw based on rules I learned and wanted to put in public to correct and learn my mistakes.
Last leg of irregular ABC is in progress and it will be end before 2618 and I feel next WAVE will be fast.
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Intraday trading involves buying and selling options within the same trading day, rather than holding them for an extended period. By adopting this approach, traders can make profits by capitalizing on the short-term price movements of the underlying asset.22-Apr-2023
Is option buying good for intraday?
Trading intraday options can be a great way to benefit from short-term market fluctuations and make quick money. Before you dive headfirst into the fast-paced world of intraday options, it's important to have a sound strategy with an understanding of risks and rewards.
The long black candlestick is 'the mother' and the small candlestick is 'the baby'. The smaller the second candlestick, the stronger is the reversal signal. The shadows of the second candlestick do not have to be contained within the first candle's body.
Which candle is best for option trading?
Here are the top 5 candlestick patterns that traders must know:
Doji. The Doji pattern is formed when the Open Price and Close Prices are the same or almost the same, and there is Low and High Price, so the candle has nearly nobody with a lower and upper wick. ...
Hanging Man. ...
Hammer. ...
Morning Star and Evening Star.
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
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Intraday trading involves buying and selling options within the same trading day, rather than holding them for an extended period. By adopting this approach, traders can make profits by capitalizing on the short-term price movements of the underlying asset.22-Apr-2023
Is option buying good for intraday?
Trading intraday options can be a great way to benefit from short-term market fluctuations and make quick money. Before you dive headfirst into the fast-paced world of intraday options, it's important to have a sound strategy with an understanding of risks and rewards.
The long black candlestick is 'the mother' and the small candlestick is 'the baby'. The smaller the second candlestick, the stronger is the reversal signal. The shadows of the second candlestick do not have to be contained within the first candle's body.
Which candle is best for option trading?
Here are the top 5 candlestick patterns that traders must know:
Doji. The Doji pattern is formed when the Open Price and Close Prices are the same or almost the same, and there is Low and High Price, so the candle has nearly nobody with a lower and upper wick. ...
Hanging Man. ...
Hammer. ...
Morning Star and Evening Star.
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai
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Intraday trading involves buying and selling options within the same trading day, rather than holding them for an extended period. By adopting this approach, traders can make profits by capitalizing on the short-term price movements of the underlying asset.22-Apr-2023
Is option buying good for intraday?
Trading intraday options can be a great way to benefit from short-term market fluctuations and make quick money. Before you dive headfirst into the fast-paced world of intraday options, it's important to have a sound strategy with an understanding of risks and rewards.
The long black candlestick is 'the mother' and the small candlestick is 'the baby'. The smaller the second candlestick, the stronger is the reversal signal. The shadows of the second candlestick do not have to be contained within the first candle's body.
Which candle is best for option trading?
Here are the top 5 candlestick patterns that traders must know:
Doji. The Doji pattern is formed when the Open Price and Close Prices are the same or almost the same, and there is Low and High Price, so the candle has nearly nobody with a lower and upper wick. ...
Hanging Man. ...
Hammer. ...
Morning Star and Evening Star.
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai
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Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai
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Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai
12 Jul '23 Post Mortem on Nifty | Will the bulls be We had 2 downward selling momentum, the first one mainly due to the gap up opening - which saw a loss of 106pts by 12.00 and then the 2nd one between 14.40 to close which erased 99pts.
Technically Nifty has fallen only 55pts today, the gap-up messed up the numbers. So we had a dip below the yesterday's swing low and retraced all the way to the close of 10th July.
The 19504 level is proving to be quite a resistance, rightly so because its the ATH levels. To break free Nifty needs more momentum & the only way to do that is reverse from a sharp fall. Well it made a try on 11th but failed.
The 1hr TF has still not turned bearish, for that to happen we should fall below 19301 within the opening hour tomorrow or close the day below 19338.
There will be 3 things to watch out tomorrow.
1. India's MoM CPI comes in higher at 4.81%
2. US CPI comes in lower at 3.0%
3. HDFC gets delisted on 13th July
Trades Taken & Rationale
I was quite surprised to see the gap up open today and the 19300/19400 CE bullish debit spread was trading profitably. I almost had complete belief that N50 will not fall that much. Even when we hit an intraday low by 12.03 my position was deep in losses & did not square off.
You wont believe I got panicked by seeing the 13.35 candle, somehow it did not feel right & eventually I closed the position at loss by around 13.42. The prices were 19300 @149.7 & 19400 @72.25. By around 13.50 I started feeling guilty to have over reacted and thought of entering into another bullish spread in the 20th July series.
But seeing the 15.00 and 15.05 candles, my guilt turned into relief. Had I held onto those trades the losses would have been 3 times more.
HDFC BREAKOUT HDFC took reversal Fib 50% level and now gave trendline breakout.
Next Targets - 2927-2936
HDFC - Ichimoku Breakout 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 2830
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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HDFC BANK UPSIDE /DOWNSIDE TARGET in comming days/monthHDCF failure HH. and making double top
If sustain above lower trendline it may touched upper trendline & target will be 1840
Note: HDFC bank break out lower trendline & it make comes at 1542-1500 level in comming days/weeks. short time may go for retest of lower trend line than will go for downside.
This is only educational purpose only
Keep an Eye on HDFCHDFC is now trading at an important level.
the portion marked in green box can act as a demand zone where HDFC is reversed for several times which means it may act as a strong support area.
Therefore, it is important to keep an eye on HDFC and check if it gets a bounce from here or breaks. if it breaks down the are we may see a massive fall in the indices as well a panic selling can be witnessed in HDFC.
Note: this idea is only for educational purpose.
Hdfc Bullish Cypher IdentifiedPresuming Bullish Cypher In HDFC Ltd.
( 2 Way Trade )
Sell At Cmp - 2631
SL - 2721 ( Weekly Closing Basis )
Target - 2326.5
Buy At 2326/2300
SL - 2250 ( Weekly Closing Basis )
Target - 2530/2600
HDFC Short term buy setup.stock is making running flat and a falling wedge pattern, wait for it to make breakout then find a way to enter keep stops below the breakout impulse. price might reach the mentioned level and do breakout but might reverse from there also to make further correction or downside move, so take profit or move stops very tightly to mentioned levels.
HDFC Bank long term buy opportunitiesDraw a pitchfork or a parallel channel with the lows of Feb 2009 at the center of one end, and the approximate price range of Jan 2017 at the center of other end. Why Jan 2017? Because post this the price moved out of the ascending channel with great volatility. So the ascending channel thus created is our conservative rate of growth for HDFC Bank stock price.
Personally I have created a regular pitchfork using the monthly candle closes of around 2015 highs and 2016 lows.
Now if you notice the price moved down with great volatility during March 2023 due to Covid scare, and the beautiful part is that it found support at the bottom end of our conservative ascending channel (talking about the blue line which corresponds to 1 for the pitchfork, the purple and peach colored lines are extensions 1.5 and 2.5. The price just exceeded the blue line by a bit, but if I draw the 1.25 extension, it is perfectly where the price made the low amidst extreme volatility on March 2020. Magic!
Notice the way price treats this conservative ascending channel post March 2020 as well. It's beautifully respected in my opinion.
Should price come back down with great volatility, I would expect it to at least show good reaction on the bottom end of the conservative ascending channel (blue line) or the 1.25 extension of the pitchfork!
Now again, I don't know if price would come down, but should it come down near that region, I would expect a reaction as I have explained above.
Now looking at volume profile of price between May 2017 and Oct 2020, we can see that the POC lies around 1058. and looking at the volume distribution in this price range, we see that between 920 and 1150, we have a market acceptable price of the stock (just another way of saying Value area). Should price come down and get accepted within this range, then it could rotate down to the lows of the range at 920.
But, price getting accepted in this range is different from price making a fast move somewhere into the range and going back again. For acceptance the price needs to linger around below this range high and gradually it could go down to the range low.
Now, price could just find support on top of this old range, and consolidate there, while dipping into the range touching the POC and moving back out.
Also, the golden pocket of the fib pull from March 2020 low to all time high, shows the golden pocket in between 1077 and 1120.
The fib pull from 2009 low to all time high, also shows the 0.382 in the same region.
We also have the conservative ascending channel in the same region, and depending on with what volatility the price approaches the ascending channel, I would look for reaction on the top, middle or bottom of the channel.
Now, I don't know if price would ever go that far down, but should it go down there I know it's a region of support and won't panic because I am prepared. Could it go further down from there also? Yes absolutely, depending on the macroeconomic environment and world events like the war in Europe, things could go south. Could price just start making new all time highs from tomorrow and we never even get to 1400 again? Yes that's also possible. We cannot predict where price will go from here. We can only try to predict what could happen if price goes to certain levels. We can't predict that for all levels either, only for certain levels of high confluence.
Final verdict, if price goes to 1050-1120, I would be eager to buy, barring any extreme world events.