HDFCBANK
Indusbank | Trendline Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡✍️Technical Reasons to trade or Strategy applied :-
✅Inverted Head & Shoulder Chart Pattern Bull Breakout
✅Breakout confirmed
✅Rise in Volume
✅Good 3 touches Trendline Breakout with volume
✅Clear uptrend with HH & HLs sequence
✅ Order block as potential Supports
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AxisBank | Trendline BUll Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡✍️Technical Reasons to trade or Strategy applied :-
✅Inverted Head & Shoulder Chart Pattern Bull Breakout
✅Breakout confirmed
✅Rise in Volume
✅Good 3 touches Trendline Breakout with volume
✅Clear uptrend with HH & HLs sequence
✅ Order block as potential Supports
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The CRR Cut Impact Unfolds: Banking Sector Ready for Liftoff◉ Abstract
The Reserve Bank of India's recent decision to lower the Cash Reserve Ratio (CRR) by 50 basis points to 4% is set to have a big impact on the banking sector. This change will free up about ₹1.16 lakh crore, giving banks more money to lend, especially in areas like real estate and infrastructure. As banks can now earn more from loans, their profits are likely to improve.
The stock market has responded positively, with financial stocks rising. Additionally, this CRR cut might lead to lower interest rates in the future, helping the economy grow even more. Key banking indices are showing strong upward trends, reflecting growing investor confidence.
Continue reading the full article:
The recent 50 basis points cut in the Cash Reserve Ratio (CRR) by the Reserve Bank of India (RBI) to 4% will have several key impacts on the banking sector:
1. Increased Liquidity: Approximately ₹1.16 lakh crore will be released into the banking system, enhancing banks' capacity to lend.
2. Higher Lending Potential: Banks can extend more loans, supporting economic growth, particularly in sectors like real estate and infrastructure.
3. Improved Profitability: Lower CRR can enhance banks' net interest margins as they can invest more in higher-yielding assets.
4. Positive Market Reaction: Financial stocks have shown gains, reflecting investor confidence in increased lending activities.
5. Future Rate Cuts: This move may lead to potential interest rate cuts in the near future, further stimulating economic activity.
◉ Technical Analysis
1. Nifty Bank NSE:BANKNIFTY
● The Nifty Bank index is experiencing a strong upward trend, marked by a series of higher highs and lows.
● After reaching a record peak near the 54,470 level, the index pulled back to the trendline support.
● However, following a recent bounce, it is approaching its prior high and is expected to keep rising.
2. Nifty PSU Bank NSE:CNXPSUBANK
● This index reached an all-time high around the 8,050 level before retreating to the trendline support.
● Following a bounce back, it has successfully broken through its trendline resistance and is now set for further upward movement.
◉ Stocks to Watch
1. HDFC Bank NSE:HDFCBANK
● The price has broken through its consolidation range and reached a new all-time high, with expectations of further gains.
2. State Bank of India NSE:SBIN
● The stock price has displayed a strong upward trend.
● After reaching a record high of 912, the price has entered a consolidation phase and is now trying to make a breakthrough.
◉ Overall Outlook
The CRR cut is expected to be a catalyst for market momentum. As banks capitalize on increased liquidity, the banking sector will experience growth, economic expansion will accelerate, and market sentiments will become increasingly positive.
Double Rounding Bottom | HDFC BANK1️⃣ News on HDFC Bank
📍IPO Launch: ₹12,500 crore IPO for its subsidiary, HDB Financial Services
📍Profit Growth: 5.3% increase in net profit for the last quarter
📍Stock Surge: HDFC Bank shares have risen nearly 20% in three months
📍Market Position: High market cap and favorable investor sentiment
2️⃣Technical Analysis
⭕️Support around ₹1,500; important for maintaining upward momentum.
⭕️Breakout above ₹1,700 for potential buy signals.
⭕️Moving averages indicate bullish momentum.
⭕️Overbought territory suggests potential short-term corrections.
⚠️Conclusion
Strong fundamentals, including solid revenue growth The merger with HDFC Ltd. enhances its market presence, but it faces some margin pressures. Overall, it’s a good time to buy HDFC Bank stocks for long-term stability and growth, while keeping an eye on potential short-term volatility.
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Option TradingThe four basics of technical analysis are price, volume, time, and sentiment. Price analysis involves studying historical prices to identify trends and patterns. Volume measures the number of shares traded, indicating the strength of a price movement. Time analysis looks at the duration of price trends and cycles.
What are Technical Charts and their types? In Technical Analysis, technical charts are used by professional traders to make an informed decision about the buying and selling of securities. Charts are the graphical representation of a security's price, volume, history and time intervals.
Cup and handle bullish pattern on HDFC BANK | Go longWith MSCI rebalancing and strock retest of all time high 1836 plus bank nifty looking strong. Breakouts probabilities are very high and the stock can be picked for a swing trade of at least 5% with extended targets reaching 2000 (10%) with a time frame of 3 months.
Advanced PCR (Put call Ratio) The Put Call Ratio (PCR) is a tool in the stock market to understand how investors feel about a stock or the market's future. It compares the number of put options to call options traded. More puts traded mean investors expect prices to fall (bearish). More calls traded mean investors expect prices to rise (bullish).
High PCR (> 1) - This indicates more put options are being traded than call options, suggesting a bearish sentiment, and traders expect the market to go down. Low PCR (< 1) - This indicates more call options are being traded than put options, suggesting a bullish sentiment, and traders expect the market to go up.
MACDIf MACD is above the signal line, the histogram will be above the MACD's baseline or zero line. If MACD is below its signal line, the histogram will be below the MACD's baseline. Traders use the MACD's histogram to identify peaks of bullish or bearish momentum, and to generate overbought/oversold trade signals.
The difference between the two lines is represented on the histogram. If the MACD were to be trading above the zero line, it would confirm an uptrend, below this and the indicator would be used to confirm a downtrend.
SMC Trading with Professionals In conclusion, Smart Money Concepts (SMC) provides traders with a strategic framework that focuses on understanding the actions and motives of market makers, particularly institutions such as banks and hedge funds.
It compares favourably to other strategies, such as swing trading and scalping, although each are much more appropriate in a short term timeframe. If you are looking for the latest and greatest strategy traders are raving about, then SMC might be a great fit for you.
HDFC Bank cmp 1766.30 by Weekly Chart viewHDFC Bank cmp 1766.30 by Weekly Chart view
- Weekly Support at 1705 > 1622 > 1550 with the Resistance only at ATH 1794
- Stock seems trying to sustain above trading price range 1270 to 1735 since September 2024 by breakout attempts
- Stock attempted New ATH 1788 on 26-Sept-2024 yet again failed to sustain and broke down within trading range
- Stock attempted the New ATH 1794 in the 1st week of July 2024 but again failed to sustain and price broke down
- Stock attempted to cross ATH 1757.50 in the 1st week of July 2023 and failed to sustain, came back in price range
- Stock was trading within the price range 1270 to 1735 mostly since November 2020 with some breakout attempts seen
HDFC Bank Ltd - Base consolidation setup on a weekly timeframe Amidst the broader market volatility, HDFC Bank among the large cap has formed a flat base consolidation with price nearing breakout zone on a weekly timeframe.
Ideal to keep a close watch on this stock.
The stock price is trading above the 30 weekly moving average.
An up-move could be seen if it breaks out above 1800.
Stop loss at 5-8% is ideal.
Target: Initial target 20-25% for positional trade. Post that, trailing stop loss at higher level.
Note: Not a buy/sell recommendation. Please consult your advisor.
Technical Analysis Part - 3Volume can confirm divergence signals by indicating the strength and conviction behind price movements. High volume during divergence signals strengthens the reliability of the signal, while low volume may indicate weaker market sentiment.
The basic rule of thumb is that an RSI value over 70 indicates a stock is “overbought” and may see its price fall in the future. Meanwhile, an RSI value of 30 or lower can mean that the price could go up. An RSI of 50 is often seen as neutral, meaning the stock has not been either overbought or oversold.
Technical Analysis Part - 1An RSI divergence occurs when price moves in the opposite direction of the RSI. In other words, a chart might display a change in momentum before a corresponding change in price. A bullish divergence occurs when the RSI displays an oversold reading followed by a higher low that appears with lower lows in the price.
The RSI provides immediate signals for buying and selling, helping you understand whether an asset is overbought or oversold. RSI readings below 30 signal buy opportunities, indicating the asset is undervalued. Conversely, RSI readings above 70 signal sell opportunities, suggesting the asset is overvalued.
"It’s been a year now—could this be the turning point?"❓What do you think about this merger and future growth of IDFC First Bank?
⭕️"Can IDFC First Bank still become the next HDFC Bank?"⭕️
📍An order block zone is a price range where large institutions have placed significant buy or sell orders, creating strong support or resistance. These zones often lead to price reversals or consolidations
📍It help traders identify where the "smart money" (institutional money) has previously influenced the market, giving insight into likely future price reactions around these levels.
✅Technical Analysis:-
"For now, there is a bearish trend with a strong sell sentiment. However, once the order block is confirmed, the price may shoot up like any other stock."
✅Fundamental Analysis:-
⚡️A rise in IDFC Ltd could enhance sentiment towards IDFC First Bank.
⚡️Increased stock may improve the combined entity's market valuation.
⚡️profit after tax of ₹201 crore for Q2 FY25, up 28% compared to last year
⚡️The merger aims to enhance operational efficiencies and align management practices with leading private sector banks
✍️Nifty50 is officially below the BUDGET2024 swing low as of today. The support level of 23900 was tested and sustained today. Considering the chart structure more weakness is expected.(Take this into consideration too, while investing or trading)
👀IDFC First Bank's stock has declined recently due to the following issues:
⭕️The bank experienced a 10% drop in net profit for Q4 FY24
⭕️Provisions increased to ₹722 crore, raising concerns about managing non-performing assets effectively
💡Conclusion🎯
IDFC First Bank has established itself as a significant player in the Indian banking sector, focusing on retail and corporate banking services. The recent merger with IDFC Ltd. is expected to enhance its growth trajectory and operational efficiency.
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⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
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State Bank of India for 40% gainsDate: 4 Nov’24
Symbol: SBIN
Timeframe: Weekly
SBI seems to be in Wave IV of 3 which could likely come down towards 750-740 levels. As seen in the chart, Wave V of 3 could then move up towards 1050 (~40% from where Wave IV ends).
Banks have been largely consolidating in this market fall and could lead the next rally up. Please note nothing in the market is a given. Be very watchful.
This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong.
HINGLISH VERSION
Aisa lagta hai ki SBI 3 ki Wave IV mein hai jo lagbhag 750-740 ke star par samaapt ho sakti hai. Jaisa ki chart mein dikh raha hai, 3 ki Wave V phir 1050 ki taraf badh sakti hai (jahaan Wave IV samaapt hoti hai vahaan se ~40%).
Bazaar ki is giraavat mein Banking shares bade paimaane par majaboot hi rahe hain aur agli teji ka netritva kar sakte hain. Kripya dhyaan den ki bazaar mein kuch bhi pakka nahin hota. Hamesha satark rahein.
Yah koi trade lene ki salah nahin hai. Kripya apana vishleshan khud karen. Aur mujhe galat hone ka adhikaar hai.