Get started

HDFC

Indices lose early gains, end the day on a flat noteNIFTY 50 EOD ANALYSIS 15-11-21 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 18140.95 H 18210.15 L 18071.30 C 18109.45 EOD - +6.70 points / +0.04% SGX Nifty 15-11-21 @ 1840h = +28 points FII DII = +1948 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened gap-up and hit an intraday resistance around 18200 and then never made any serious efforts to go back up again. Nifty made a higher high and a higher low. Another key point was that Nifty OHLC was above 18050. Nifty ended on a flat note thanks to the weighted average close method. It is hard to say if Nifty is weaker or Bank Nifty is weaker. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 57 Top 5 Draggers contributed = 64 Net = -7 POSITIVES Nifty OHLC was above 18050. The sleeping giant ITC saved the day for Nifty along with Kotak Bank, TCS, and Infosys. Bank Nifty somehow managed to close above 38700. HDFC made a good up move at the open and immediately fell by 40+ points but managed to close at 3000. FII-DIIs are both net buyers which is a good sign on a day when the indices ended flat. NEGATIVES The inability of indices to stay at higher levels is not a good sign. Despite HDFC Bank being positive, it lacked buying interest for it to lift the indices. TRADING RANGE FOR 16-18 November 2021 Nifty Support 17800-900 Nifty resistance 18150-18200-18250-300 Bank Nifty Support 38000-200-400 Bank Nifty Resistance 38800-39000-39200 INSIGHTS / OBSERVATIONS Bank Nifty finding it hard to clear 38900 on spot and 39000+ on Futures. During the day at many stages, it appeared that there are selling orders getting executed by the big players as some of the key stocks that I was tracking went down together, then halted for a few minutes before going back up again and then again coming down. This happened a few times. I recollect having read on similar lines in one of the books that related to using the price action to read what the bigger players were doing in the market. I am unable to recollect the name of the book. In technical analysis, it is generally stated that buy what is going up and sell what is going down. In my view, this does not hold good for HDFC Bank. In its case, it should be the other way. Buy when it is going down and sell when it is going up. It rarely follows a consistent price action - it may be a good scrip for patient investors, but for a trader like me, I would rather trade in other banks than in HDFC Bank. The intent is to make money and not show loyalty. Today also, Bank Nifty ended below 765-775. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 15-11--21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
2
Swing Trading Opportunities for the week beginning 15-11-21SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 15-11-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. Some readers feel that I am simply listing down several scrips so that if they go up I can claim so. This is not the case - I am not here to score any points. I am sharing my weekly analysis and if you like it, read it and if you do not agree, I am fine with that. ON MY WATCHLIST FOR THE COMING WEEK This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - SECTORS LOOKING GOOD FOR LONG POSITIONS- Nifty 100 Nifty 200 Consumption FMCG IT WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 18102.75 Adani Ports Asian Paints Britannia HCL Tech Hindalco Nestle TCS Wipro IDFC First Bank Damia Bharat Force Motors Hind Petro ICICI Pru Life IRCTC Jubl Food Naukri Sanofi Nazara As compared to the last week there are fewer opportunities as many of the sectors have already moved up during the week and some have become weak during the week. This means that as and when there is further buying in these sectors, Nifty may get a push-up. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Here is the Video Link: Thank you for your time and Happy Learning, 14-11--21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:NAZARALong
by AVENUESOFINVESTMENT
Simple Trade Setup | HDFC | 15-11-2021 [ intraday]NSE:HDFC Observations: 1) On 15 min time frame, it perfectly take good support from the support channle and gave good bounce. Please refer below chart : 15 min Time Frame. 2) On Daily time frame, we can see that 2980 was major breakout level and it closed above it. Now if it sustain above 2980 level then we can see a good upmove. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date: 15-11-2021 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. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
H
by Trading_hawk
Simple Trade Setup | HDFC | 12-11-2021 [ INTRADAY]NSE:HDFC It has perfectly worked and traded in parallel support channel today. Please refer my previous idea of HDFC for better understanding. All the levels remains same and most of the trade setup remains same for tomorrow as well. Trade Setup for Date 12-11-2021: 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. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
H
by Trading_hawk
2
Simple Trade Setup | HDFC | 11-11-2021 [ INTRADAY]NSE:HDFC Observations: 1) On daily time frame, it has been taking support from 10DMA and today it gave good movement from 10DMA and made bullish candle. As far as it is above 10DMA it has chance to move above again. 10DMA is placed at 2911.09 Please refer below chart : 1 day Time Frame. 2) On 15min time frame, we can see that it is taking support from the parallel support channel and bouncing from it. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for Date 11-11-2021: 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. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
H
by Trading_hawk
Reliance & HDFC rescue Nifty, Bank Nifty left abandonedNIFTY 50 EOD ANALYSIS 10-11-21 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 17973.45 H 18061.25 L 17915.00 C 18017.20 EOD - -27.05 points / -0.15% India VIX = 16.34 / +1.94% SGX Nifty 10-11-21 @ 1920h = -28 points FII DII = -+297 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened 75+ points gap-down and then sold off further to test the nerves of the bulls as it fell further to 17915. After being nervous around the level, it consolidated, and then as the European open came nearer, it started regaining the lost ground. However, its efforts were punctured by Bank Nifty as it remained extremely weak and under pressure which negated any chance of Nifty at least trying to retest the previous close. Nifty in the process has made a lower high and a lower low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 52 Top 5 Draggers contributed = 48 Net = 4 POSITIVES Although Reliance also was hit in the morning, it steadily recovered and then lead Nifty to end above 18000. HDFC made a smart recovery after falling at the open and it more or less directed the moves in Nifty as can be viewed from the charts. ITC and Axis Bank were the other leading scrips that ended in the green. NEGATIVES Bank Nifty was comfortable below 39000 and most of its members were in the crying mood today. Even the usual counter-trend specialist scrip - Kotak Bank was in the red. Maruti, Infosys, and TCS also ended in the red. Bank Nifty is finding it hard to get in to the positive state as all its heavyweights have been struggling. TRADING RANGE FOR 11-12 November 2021 Nifty Support 17800-17900 Nifty resistance 18100-150-200 Bank Nifty Support 38800-39000-200 Bank Nifty Resistance 39600-800-40000. INSIGHTS / OBSERVATIONS Global cues are considered by Nifty to open or start the day, but when it comes to the closing time, despite positive FTSE which is trading around its ATH, Nifty ended in the red. I am not sure who is ensuring such a close? I tweeted in the AM session before noon re market movements as given in this linked tweet: I know that we live in a Global village (they say the world is a global village), but does it mean that we have to be always dependent on FTSE to open & NYSE to close to decide which way our stockmarkets trade So much for being an Armanirbhar Bharat! The Nifty and Bank Nifty charts look quite different today and that is what explains the closing price levels. In my view, it was Reliance that made all the difference. However, Nifty and HDFC charts are almost identical which is quite a coincidence. HDFC Bank is behaving like a chronic ailment and I am glad that I exited this long ago. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 10-11--21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
4
A rangebound and choppy session forces the Indices to end in Red9NIFTY 50 EOD ANALYSIS 09-11-21 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 18084.35 H 18112.60 L 17983.05 C 18044.25 EOD - -24.30 points / -0.13% India VIX = 16.00 / -2.09% SGX Nifty 08-11-21 @ 1845h = +23 points FII DII = -1028 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a mild gap up and rallied a few more points and then went below the previous close and it never returned above that line. A very rangebound and choppy day thus ended in a mild red. Nifty breached 18000 on the downside but then quickly recovered. India Vix is misleading the reader about what transpired during the day. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 37 Top 5 Draggers contributed = 53 Net = -16 POSITIVES Nifty ended above 18000. Reliance held on to 2500+ levels and helped Nifty close above 18000. ICICI Bank deviated from the private banks pack and ended in the green. NEGATIVES When HDFC and HDFC Bank lead the pack of the draggers, it is hard for the indices to end green. And that is what happened today. HDFC Bank kept Bank Nifty nervous and weak throughout the day and did not allow it to close above the previous close. Despite FTSE being positive, our Indices ended in the red which is a cause of concern. TRADING RANGE FOR 10-12 November 2021 Nifty Support 17800-17900 Nifty resistance 18100-150-200 Bank Nifty Support 38800-39000-200 Bank Nifty Resistance 39600-800-40000. INSIGHTS / OBSERVATIONS I am wondering how much of gains is FIIs banking as they keep selling relentlessly. Today also they have sold for more than 2000 Crores and this is reflected in the SGX movement which is already at -42 around 1900h. I am also wondering why should we have a spot and a future and why cannot we trade the spot itself? The reason is -- Both the indices faced issues with the spot above the previous close but the future below its previous close. This happened several times during the day and in the end, the futures did not allow the spot to close above the line. I feel this is causing challenges to intraday traders like me. My feeling is that unless FIIs turn positive, this game may be on. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 09-11--21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
2
#SANCO SANCO #NIFTY #BANKNIFTY #FINANCE #NFT #BTCUSD #MATIC #NSENSE:SANCO Sanco Industries Ltd. NSE:SANCO CMP: 10.10 Target: 13 ++ SL: 8.60 Timeframe: < 6 months Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:SANCOLong
by Rachit_Sethia
Indices recover smartly, can they close above 18000 & 40000?NIFTY 50 EOD ANALYSIS 01-11-21 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 17783.15 H 17954.10 L 17697.10 C 17929.65 EOD - +257 points / +1.46% India VIX = 17.24 / -0.97% SGX Nifty 01-11-21 @ 1850h = -28 points FII DII = Not yet updated. It is likely to be positive. CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a good gap up and immediately shot up to 17815+ and then fell 100+ points and breached 17700 for a while and then bounced back to retest 17800. It again sold off to retest 17700 and then steadily climbed up and never looked back. It was however quite choppy around HDFC results and was very hesitant to cross 17900 and finally managed to end above the line. Nifty has thus made higher highs and higher lows. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 92 Top 5 Draggers contributed = 16 Net = 76 POSITIVES Nifty closed above 17900. Good recovery by SBIN, TCS, Infosys, and Kotak Bank helped Nifty keep upward bias. Bank Nifty also bounced back after the initial hesitation. This helped Nifty move up firmly. The top few heavyweights of Nifty ended in the positive and some of them in good green which is a good sign. India Vix fell further. NEGATIVES Nifty is likely to face a good amount of resistance around and above 17950. Any weakness in any of the heavyweights could dampen the momentum. Similarly, Bank Nifty is likely to face the 40K hurdle. TRADING RANGE FOR 02 November 2021 Nifty Support 17600-17700 Nifty resistance 17950-18000-18100 Bank Nifty Support 38800-39000 Bank Nifty resistance 39800-40000-40200 INSIGHTS / OBSERVATIONS Here is the link to my tweet re FII DII and its impact on Nifty movements: Bank Nifty generally leads Nifty by a multiple of 3 if everything is ideal. So a 258 point move in Nifty should have resulted in 775 points move in Bank Nifty. So I see a greater potential for Bank Nifty in the next 2 sessions. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 01-11--21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
Simple Trade Setup | HDFC | 01-11-2021 [ INTRADAY ]NSE:HDFC Observations: 1) On daily time frame, we can see it took support from 50DMA and managed to close above it's critical range of 2823-2828 level range. If it gives again a dip till 2823-2828 level range and gets support then it will be quick buy trade. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 01-11-2021: all the levels are same as earlier provided trade setup. 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. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
H
by Trading_hawk
1
HDFC cup and handle pattern 1D time frameHDFC forming cup and handle pattern in 1 day time frame. It gave a breakout of the pattern with above average volume and came for the retest . WE can buy if it makes any bullish candle closing above 2930. It is not giving any move because of the results that have to be declared on the 1st of November. If the results are positive we can see an upward move in the stock. entry:2930 1st target: 3050 2nd target: 3350 Stoploss: 2680 in order to achieve the targets we must hold the stock for atleast a month depending on the momentum NOTE: this is only for educational purpose not a buy or sell recommendation
HLong
by anirudhraj1501
HDFC at all time high.HDFC has given a breakout above its previous life time high which was tested three times and now it is trading succesfully above it, volume was above average during the breakout.Now it is a good time to enter long with a stop loss. Other indicators:- Momentum= RSI is in bullish zone i.e. above 60 on monthly, daily and weekly timeframe. Trend= ADX's value is above 25 shows strong trend. Relative Strength= HDFC is out performing both NIFTY50 and Financial Services Index. Entry= above 2950 Stoploss= 2700 Target=3400
HLong
by anuragsahu614