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HDFCBANK

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.
BSE:SENSEXEducation
by SkyTradingZone
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.
NSE:BANKNIFTYEducation
by SkyTradingZone
3
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.
NSE:BAJFINANCEEducation
by SkyTradingZone
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.
NSE:HDFCBANK
by SkyTradingZone
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
NSE:HDFCBANK
by PIYUSHCHAVDA
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.
NSE:HDFCBANKLong
by TheUnlearningOne
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.
NSE:BANKNIFTYEducation
by SkyTradingZone
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.
NSE:HDFCBANKEducation
by SkyTradingZone
"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. ✅Check out my TradingView profile to see how we analyze charts and execute trades. ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:IDFCFIRSTB
by ReviveTraders
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.
NSE:SBINLong
by DhandhaPaani
1
Classical Cup & Handle Breakout in HDFC BANKHDFC Bank Ltd shows a classic cup and handle pattern on the weekly timeframe, suggesting a bullish continuation signal. Here’s a technical analysis: Cup and Handle Pattern: The chart displays a well-formed cup and handle pattern, which is a bullish technical formation. This pattern often precedes an upward breakout and is considered a strong bullish signal. Resistance Levels: The stock has broken out above key resistance levels drawn at around ₹1,760–₹1,780, confirming the pattern. This breakout suggests potential upside movement with increased buying interest. Volume: There is a significant increase in volume during the breakout, which validates the strength of the breakout. High volume on a breakout indicates strong investor confidence in the upward move. Target Projection: The target projection based on the depth of the cup is approximately 20% above the breakout level, aligning with the level marked around ₹2,100. Stop Loss: A suggested stop-loss level is placed just below the handle’s low (around ₹1600) to manage risk in case of a pullback. Moving Averages: The stock is trading above key moving averages, which reinforces the bullish trend and confirms upward momentum.
NSE:HDFCBANKLong
by Profit_Trader25
1
HDFC BANK next move as per PriceActionOn Monday Earnings & Revenue report came out and it opens gap up above it's strong resistance level which is now good and strong support and now from last 3 sessions its trying to breach its other resistance zone of 1743.10 to 1748.15 in the last session it striked again to this zone but unable to break it and closes at 1736.20 s for the the upcoming sessions we've to watch the behaviour of price at resistance zone if it succesfully breach this zone then we've to go long till next zone of 1780-1788 and should place our SL below the zone of 1748.15-1743.10, wait for the price stablization and look for continuation candlestick pattern or after breaking of zone it's better to enter on pullback.
NSE:HDFCBANKLong
by NobleFalcon
18th Oct 2024 - Sensex will replace BankNifty for Algo strategyBankNifty Stance Neutral ➡️ In last week's report, I did mention that we would be forced to exit the bearish position if we get a close above 51713. The fact is that we went above these levels by 15th October itself i.e. day 2 of this week. On Thursday, we melted and then on Friday, we saw the short covering that propelled us to close at 52138. The short covering could entirely be because of HDFC and KOTAK bank quarterly results and the short-sellers would have panicked. I would like to inform you that the results are in-line and no major surprises. If the Bears are trying to get back into the game, they may do so in the opening hours of Monday 21st. To change my stance to bearish, we would need to close below 51713 now. Meanwhile, I was backtesting and analyzing SENSEX in the hope that it could replace BankNifty for my intraday Algos. After 4 days, of analysis I have the following observations. Margin requirements for Sensex are much better than BankNifty. Exchange charges are much lower for Sensex. BSE will benefit a lot more as more traders will dump NSE. The reward to risk ratio is better for Sensex than BankNifty. The liquidity is lower and Bid/Ask spread is higher for Sensex than BN, I hope this will normalize once BN weeklies come to an end. I strongly believe my algos could run on Sensex from December month onwards.
NSE:BANKNIFTY
by viswaram