HDFCBANK
HDFC Bank :- Found Rarest and One of the most powerful candle NSE: HDFCBANK
Time Frame :- 1 Day
Patterns Name :- Parallel Channel
Conclusion :-
A Big Red Marubozu candle taking up resistance at the top of a parallel channel which most probably shows up a down trend as the "Relative Srength Index (RSI)"
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ViVen IND - Multi Time Frame Price Action Trading IndicatorHi Traders,
Trading is Simple, Make it Useful!!
Here the trading made easy with Signals...
Its a Combined Pivot Boss Price Action Strategy Indicator.
This indicator has been created based on Pivot Boss, RSI and Price Action Strategy.
BUY Signal - Go Long at middle price of the Signal Candle, SL low of the candle.
SELL Signal - Go Short at middle price of the Signal Candle, SL high of the candle.
ViVen - IND Indicator Details:
Daily CPR Levels
Pivot Points
Weekly CPR Levels
Next Day CPR Levels
Camarilla Levels
Pre - Day, Week, Month - High / Low Levels
SMA , EMA and WMA Moving Averages
Bollinger Bands with Multi Time Frame
Moving Average with Multi Time Frame
Magic Band
Price Action
Along with this Trend and Strategy table added in the chart which indicates about the Trend.
I also included BUY / SELL labels to take positions.
Do you agree with the Concepts above?
Happy Trading!!
HDFC BANK - Weekly Hammer formation (Learning purposes)In weekly time frame Hdfc Bank formed a hammer pattern.
Also after hammer formation candlestick pattern gives buying confirmation with SL of 1271.60.
Possible 1:1 target is 1451.7.
As weekly target takes time to achieve its great to buy this in equities rather than options. You can also see positive divergence.
This is for learning purposes only.
Thanks
Hdfc Bank entry levelOnce it closes above 1410-1430 on weekly/monthly chart best time to enter, as currently facing resistance of Ema20 on monthly, ema20,50,100 on weekly and ema20,50,100,200 on daily, once closes above mention level seeing target of 2500-2600 in an year after closing above 1430 9n monthly basis. can take entry now as well but with tight stoploss as it is at bottom of price channel , if breaks down then can go uptocovid level, so need to be very attentive if accumulating on current level. Currently one can see it has resolved rsi divergence created from nov2019_feb2021, and as of now there is no other reason for it to go down now.
Nifty Weekly Outlook for the Expiry Week ( Jun27th - July01 )Falcon Analytics Outlook Nifty 50 for the Expiry week ( Jun 27 – July 01 )
Last Weekly Nifty witness resistance @ 15722 , while the pivot @ 15454 was held almost throughout the week.
Technically for this week on the daily charts minor support on the downside for Nifty50 index lies at 15546 levels,
whereas minor resistance on the upside is capped around 16104 levels.
If Nifty50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major supports on lower side around 15333/15201 and and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16314/16447 .
Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16609 suggests long term trend is Bearish .
Range for the week is seen from 15387 on downside and 16104 on upside.
Weekly Chart Suggest closing below 15454 Downward Momentum can be fast.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 16317
RESISTANCE 3: 16104
RESISTANCE 2: 15891
RESISTANCE 1: 15759
WEEKLY PIVOT LEVELS: 15546
SUPPORT 1: 15333
SUPPORT 2: 15201
SUPPORT 3: 14988
SUPPORT 4: 14775
All above views for education purpose only.
Regards,
MD .
HDFCBANK Weekly Gann Supp and Res LevelsHDFCBANK next week S/R important levels according to Gann Square where HDFCBANK can take support or face resistance these are very important levels we have observed from previous many years of analysis market stop and revers most of the time at or near from these levels.
these are the dynamic levels which changes on the basis of weekly closing
Nifty Spot Weekly Outlook 13th June to 17th JuneFalcon Analytics Outlook Nifty 50 for the Expiry week ( Jun 13 – June 17 )
Last Weekly Nifty witness selling pressure below 16386 , while the pivot for the week @ 16605 was not breached on upside.
Technically for this week on the daily charts we see minor support on the downside for Nifty50 index lies at 16057 levels,
whereas minor resistance on the upside is capped around 16598 levels.
If Nifty50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major supports on lower side around 15890/15723 and and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16765/16932 .
Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16729 suggests long term trend is Bearish .
Range for the week is seen from 15723 on downside and 16494 on upside.
Weekly Chart Suggest closing below 16000 Downward Momentum can be fast.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 16932
RESISTANCE 3: 16765
RESISTANCE 2: 16598
RESISTANCE 1: 16494
WEEKLY PIVOT LEVELS: 16327
SUPPORT 1: 16160
SUPPORT 2: 16057
SUPPORT 3: 15890
SUPPORT 4: 15723
All above views for education purpose only.
Regards,
MD.