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HDFCBANK

Nifty Spot Weekly Outlook 16th May to 20th May Falcon Analytics Outlook Nifty 50 for the week ( May 16 – May20 ) Technically on the daily charts we see major support on the downside for Nifty50 index lies at 15560 levels, whereas major resistance on the upside is capped around 16387 levels. If Nifty50 index breaches major support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 15304/15049 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16642/16898 . Currently Nifty50 index is trading Below 200 day EMA @ 16819 suggests long term trend is Bearish . Falcon Analytics predicts range for the week is seen from 15049 on downside and 16642 on upside. Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead. ( All Spot Levels) RESISTANCE 4: 16898 RESISTANCE 3: 16642 RESISTANCE 2: 16387 RESISTANCE 1: 16229 WEEKLY PIVOT LEVELS: 15973 SUPPORT 1: 15718 SUPPORT 2: 15560 SUPPORT 3: 15304 SUPPORT 4: 15049 All above views for education purpose only. Regards, MD .
NSE:NIFTYShort
by miraldesai
2
HDFCBANK Head and Shoulders on WeeklyHDFCBANK has formed Head & Shoulders pattern on the weekly chart and is breaking down from its trendline at 1250 zone. Breakdown from here can take the price all the way to measured move target of 990-1000. Note that 200WMA may also act as support at this 1250 zone and we may see the price halting here, hence 1250 is a crucial support zone for the stock. If held, price can retrace back to previous highs as well. Watch out for break of 1250 for a medium-term fall in price.
NSE:HDFCBANKShort
by vipulmehta817
2
RELIABLE CANDLESTICK PATTERNPattern Name: Bullish Engulfing Pattern Type: Bullish Reversal No. of Candles: 02 How to Identify it? 1)There must be a preceding Downtrend. 2)A short Red candle followed by a long green candle. 3)The Green candle should open lower & closes higher than the Red candle. 4) The Green candle should completely engulf the Red candle. The psychology behind it : 1)The Bears lose momentum & the Bulls take charge and manage to close above the red candle. 2)It implies the bulls have fully overridden the bears. How to trade it? 1)Look for the Bullish Engulfing at the bottom of the Downtrend. 2)Upon confirmation, open a Long position in the 3rd Candle. 3)Place a Stoploss below the low of the Green candle.
NSE:HDFCBANKEducation
by farhanf7867
NOCIL LTD IS LOOKING GOOD FOR A POSITIONAL TRADE.NOCIL LTD HAD CORRECTED 40% FROM ITS TOP And it is ready to give a huge run-up of 27% FUNDAMENTAL REASON 1. China had stopped its supply throughout the world so India is expected to fill those requirements and the company is in the chemical business so there would be a huge demand in the coming future. 2. We could see some huge movement today and this kind of movement is usually made by big institutions so Big institutions might be investing in this company. 3. Because big investors are buying into this company it might show some good results upcoming. TECHNICAL REASON 1. The stock had recently given a breakout of its 2 important moving averages (50,200). 2. The stock had formed an inverted head and shoulder pattern and it is ready to break the pattern. 3. And if you see the RSI we could see a bullish divergence in the RSI. 4. The stock had taken support from a trend and it has given a big movement. SO, AFTER THE BREAKOUT OF THE NECKLINE WE SHOULD MAKE SOME POSITION IN THIS COMPANY
NSE:NOCILLong
by farhanf7867
IEX MIGHT SEE A SELL OFF IN UPCOMING DAYSIEX is looking good to short Technical reasons for the trade 1. The stock is resisting and taking support from the trendlines which are in color 2. The stock took support from a red trendline 2 times now it is trading near that trend line so it might break it and also it is trading near its 200ema so this might also be broken. 3. The stock formed a bearish flag pattern and recently it had given a breakout. Fundamental reasons 1. Due to the US market crash we could expect a small correction in the upcoming days. 2. Due to LIC IPO the market will see a sell-off. 3. The recent results of the stock are also bad so there is a bad sentiment in the market. So, we must short it when it breaks it 200ema and the pattern height could be taken as a target.
NSE:IEXShort
by farhanf7867
Bank nifty key levels for the upcoming few weekBank nifty might face a consolidation for a few days Fundamental factor 1. war-like situation in the market. 2. most Chinese cities are under lockdown. 3. due to LIC IPO we could see a sell-off in the stocks for some time. 4. Fed might hike the interest rate due to increasing inflation. So, overall there is a lot of fear In the market (REMEMBER ALL THE BULL RUNS START WHEN THERE IS PANIC IN THE MARKET YOU CAN TAKE THE RECENT EXAMPLE OF THE WAR) Technical reasons 1. the level of 35500 is imp because it lies at a 50% fib level and according to price action it is a good support. 2. 200ma is resisting the 37000 level and 50ema is also resisting the market. 3. so overall there are a lot of resistances in this zone so this is a no trading zone. WHEN TO BUY? 1. there is a gap formed at the levels from 37200 to 37600 and the market tends to fill gaps with a big momentum like in the past. 2. So, we could go long once it breaks the no trading zone and 1700 points target could be achieved
NSE:BANKNIFTY1!
by farhanf7867