HDFC
Long HDFC Bank! with Ascending Triangle Pattern
1. Ascending Triangle Pattern on Hour Chart.
2. Buy above 956 Target: 977 , 1013 , 1073 SL 933
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HDFC AMC v3As clearly analysed, it has been working and close to target 3 and finally 4. Please Hold patiently. i will update soon where are accumulation Phase
HDFC v3 FinalMy final targets are levels of 2000. Please short it and enjoy deep fall and if you have earned profit ftom my call all i need is a comment and a like! Lets see how it follows!
hdfc bank month frame onth frame suggest, the stock still have some upside but it should be a trade ooportunity to shrt on rally
and not buy on dip
broad trend weak and the current pullback is something which will not be easy to sustain
aas long as 1040 monthly not kick out
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 27/04/2020Key Levels for NIFTY50 :
UPPER BREAKOUT~9227
FIRST TARGET~9274
INTERIM RESISTANCE~9325
FINAL RESISTANCE~9384
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LOWER BREAKOUT~9135
FIRST TARGET~9095
INTERIM SUPPORT~9092
FINAL SUPPORT~8958
Please trade with caution and consult your financial adviser before trading.
TECH Mahindra gets Bowled!As published earlier with little bit information about TECHM, i am feeling very bearish on this stock of upto levels of 465, and beyond that is a bonus one can dream of.
A complete beautiful inverse bear pennant. it will follow the yellow line towards the last white line. if not will consolidate but not break the red line (Unless with volume) which is unlikely impossible! Short below 500 and see wonders. ALSO if it breaks green line, it cant break orange line. Have peaceful profits!
Reliance ContinuedAs we have seen yesterday's chart of reliance, it have respected the red line and have not crossed above, and for the whole day, it have formed a channel, the next day's plan is to close below yellow line. I will not give any trades unless a clear sign forms. There are no chances of Gapup opening on reliance. A very futile tug of war between 1400 and 1300 levels
HDFC BANK v2HDFC bank have clearly maintained the level's I have told earlier. In this new sceanrio we can see common gaps have been filled, and after that there was no gaps as it was moving in with the right phase. HDFC will face HEAVY ressitance from 960 980 and 1000. Where if 960 broken and candle stays for 15 min can go above 970 and touch 980 but that doesnt seems possible for now. It might move in a channel and then take an upward or downward break.
22nd Market was rallied by Reliance and today's were rallied by Kotak and HDFC.
What analysis say is that there are low chances of gapdown cuz if it slides they will take out in the whole day.
If gives a gapup, instantly short HDFC bank for targets 955 and 950 but be very sure not to short above 970. Short Below 949 for targets 938.
A strong chance of gap filling will be there as once it will set itself for long term movement, it will have no gaps. My targets for HDFC is 851.
Dont be soo bullish in HDFC as they use this as thier weapon to mend market moves. Above 1000 will have great shots.
A notion on NiftyNifty as usual forming HH and HL, but onto wave form pattern we can see a downtrend and my analysis says that the downtrend is made on the inverse penant pattern with Elliot waves. Short below 9291 with SL 9367 (76 points) with targets of 9250 9110.
Bajaj Finance OverviewBajaj Finance is in a very crucial stage. Most likely tomorrow it shall open gap down, and there are two cases for this.
1st Case - The Both red lines marked will act very crucial for BAJFIN. Any close above or below may set a new trend
2nd Case - Common Gaps are filled quickly so dont keep any short positions for a long time, rather buy at low levels for a long term perspective. If it falls at that level then most likely to move sideways, but must break with volume
if it does fall Sell at 2070 with SL 2090 with targets of 2055, 2045 and 2035. Follow levels.
Below 1906, it can slide of easily but we can expect a NON Rejection of price there.
ABCD Pattern on HDFC Bank
1. Today High Form a AB = CD Pattern on HDFC Bank Day Chart.
2. D Point Formed at Price of 960
3. B Point Point Form at Price 940 ( Near to Support Level.
4. C Point form at Price 860 ( Final Target)
5. Sell Below 940 Target 927 , 908 ,
HDFC Bank for Short (Educational)HDFC BANK is forming a long inverse pattern which again suggests hdfc looks for greating shorting purpose. Its for learning purpose. But its very likely to fall below to follow and respect the pattern
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 17/04/2020Key Levels for NIFTY50 :
Upper Breakout~9127
First Target~9227
Interim Resistance~9350
Final Resistance~9485
**Lower Levels**
Lower Breakout~8823
First Target~8726
Interim Support~8602
Final Support~8486
Please trade with caution and consult your financial adviser before trading.
