The stock has broken out of its resistance level of 2875 today, clubbed with decent volumes.
If it sustains above 2875, which should now act as support, it can be bought for target levels of 2895 and 3040.
Refer the Fibonacci Retracement tool given in the chart for various support levels which can be utilized for identifying your stop loss basis your risk...
NIFTY 50 EOD ANALYSIS -31-08-21
IN SUMMARY
O / H / L / C
16947.5 / 17153.5 / 16915.85 / 17132.2
H-L = 238 points
VIX 14.52 / +9.01%
FII DII: +1909 Crores
Likely open: Positive but profit booking may kick in if Global cues do not support.
CHART BASED CONCLUSIONS
And the surge continued today as well and NIFTY finally sailed past 17000 with relative ease...
HDFC Asset Management Company has largely Underperformed for long time.
Breakout from the said Zones will Confirm the Pattern.
Projections upon Breakout WOuld be 5000+
NSE:HDFCBANK
Trade Setup for Date 30-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level...
#HDFC daily momentum bullish reverse divergence with a ranges shift bounce in progress.weekly momentum forming range shift from sideways to bullish.monthly also got back into bull zones.formation of a rounding pattern with potential breakout.
NIFTY 50 EOD ANALYSIS -27-08-21
IN SUMMARY
O / H / L / C
16642.55 / 16722.05 / 16565.7 / 16705.2
H-L = 157 points
VIX 13.41 / -0.96%
FII DII: +868 Crores
Likely open: Positive but may get sold into and then recovery is likely.
CHART BASED CONCLUSIONS
NIFTY not only ended the day but also the week at a record high of 16705.2.
It has made a higher high,...
NSE:HDFCBANK
Observations:
1) After breaking neck line of rounding bottom at 1551 level it has been taking support from this neck line.
Please refer below chart : 15min time frame
2) For the short to mid term targets looks till 1634 level.
Please refer below chart.
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Trade Setup for Date 27-08-2021:
1) Don't...
The stock is moving in an impulse & right now it has just completed its 4th wave as a triangular stucture.
BUY HDFC BANK: 1555. SL: 1533 TGT: 1575/1590 .
*Support Zone
*In a Range for many Days
*Falling Volumes
If 660 Support Zone break Short Tgt Is 620
if 679 Resistance zone will break then Long TGT Will be 720
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
I am not a SEBI registered adviser. All the information provided by me are for...
NSE:HDFCBANK
Observation:
1) On Daily Time Frame, It made good green candle after such big gap down. And closed above 1510 level as well as it took support from 50DMA.
Please refer Chart below: Daily time frame.
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Trade Setup for Date 23-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get...
NIFTY 50 EOD ANALYSIS -23-08-21
IN SUMMARY
O / H / L / C
16592.25 / 16592.5 / 16395.7 / 16496.45
H-L = 197
VIX 13.69 / -2.35%
FII DII: +89 Crores
Likely open: Positive with resistance around 16550-600.
CHART BASED CONCLUSIONS
A 150 point gap-up opening in Nifty was immediately sold in to.
Nifty made a higher and a higher low.
Nifty almost retested the...
TRADING WATCHLIST FOR W/B 23-08-21
INTENT
This is a new series of periodical posts where I would share the scrips that I come across and find good to keep on my radar for the next trading session/s. The post may not be a daily feature as it depends on whether I am able to find some opportunities.
I will only be sharing the time frame and the scrip name. I will...
NIFTY 50 EOD ANALYSIS -20-08-21
IN SUMMARY
O / H / L / C
16382.5 / 16509.55 / 16376.05 / 16450.5
H-L = 133
VIX 14.02 / +8.6%
FII DII: -2178 Crores
Likely open: Negative to flat
CHART BASED CONCLUSIONS
A 200+ point gap-down opening in Nifty shook all the scrips.
Nifty made a significantly lower high and a significantly lower low.
It then moved in a narrow...
NSE:HDFCBANK
Simple Trade Setup for HDFCBANK.
today now it again came in the same Zone.
Target and levels mentioned on the chart and hope it is easy to understand.
My personal view is bullish.
Do comment your doubt or suggestion.
All the best for tomorrow.
