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HDFCBANK

Nifty Spot Weekly Outlook 06th June to 10th JuneFalcon Analytics Outlook Nifty 50 for the Expiry week ( Jun 06 – June 10 ) Last Weekly Nifty witness selling pressure @ 200day EMA @ 16746 on friday, while the pivot for the week @ 16223 was not breached. Technically for this week on the daily charts we see minor support on the downside for Nifty50 index lies at 16358 levels, whereas minor resistance on the upside is capped around 16824 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 support on lower side around 16250/16114 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 16960/17095 . Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16746 suggests long term trend is Bearish . Range for the week is seen from 16114 on downside and 16824 on upside. Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead. ( All Spot Levels) RESISTANCE 4: 17095 RESISTANCE 3: 16960 RESISTANCE 2: 16824 RESISTANCE 1: 16740 WEEKLY PIVOT LEVELS: 16605 SUPPORT 1: 16469 SUPPORT 2: 16385 SUPPORT 3: 16250 SUPPORT 4: 16114 All above views for education purpose only. Regards, MD .
NSE:NIFTYShort
by miraldesai
BankNifty Spot Weekly Outlook For Week May30th–Jun 03Falcon Analytics Outlook Bank Nifty for the week ( May 30 – Jun 03 ) Technically on the daily charts we see minor support on the downside for BankNifty index lies at 34164 levels, whereas minor resistance on the upside is capped around 36263 levels. If BankNifty index breaches minor 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 33561/32958 and and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards major resistance at higher levels around 36719/37322. Currently BankNifty index is just trading below 200 day EMA @ 35885 suggests long term trend is Bearish . Falcon Analytics predicts range for the week is seen from 34164 on downside and 36719 on upside. Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead. ( All Spot Levels) RESISTANCE 4: 37322 RESISTANCE 3: 36719 RESISTANCE 2: 36116 RESISTANCE 1: 35743 WEEKLY PIVOT LEVELS: 35140 SUPPORT 1: 34537 SUPPORT 2: 34164 SUPPORT 3: 33561 SUPPORT 4: 32958 All above views for education purpose only . Regards, MD .
NSE:BANKNIFTYLong
by miraldesai
2
Nifty Spot Weekly Outlook 30th May to 03th JuneFalcon Analytics Outlook Nifty 50 for the Expiry week ( May 30 – June 03 ) As Discussed in Last Weekly Analysis Nifty witness selling pressure @ major resistance @ 16387 on Monday, while the major support for the week @ 15560 was not breached. Technically for this week on the daily charts we see major support on the downside for Nifty50 index lies at 15907 levels, whereas major resistance on the upside is capped around 16418 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 15712/15516 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 16538/16734. Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16754 suggests long term trend is Bearish. Range for the week is seen from 15907 on downside and 16734 on upside. Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead. ( All Spot Levels) RESISTANCE 4: 16929 RESISTANCE 3: 16734 RESISTANCE 2: 16538 RESISTANCE 1: 16418 WEEKLY PIVOT LEVELS: 16223 SUPPORT 1: 16027 SUPPORT 2: 15907 SUPPORT 3: 15712 SUPPORT 4: 15516 A ll above views for education purpose only. Regards, MD. [
NSE:NIFTY
by miraldesai
Simple Trade Setup | HDFCBANK | 23-05-2022 [INTRADAY]NSE:HDFCBANK Observations: 1) On 15min Time frame, we can see it gave breakout of resistance trendline. Please refer below chart : 15min time frame. Also we can see that range of 1330-1335 will be a neutral range if price is trading above it then it will be provide support and if price is below it then it will work as resistance. Please refer below chart : 15min time frame. ------------------------------------- Trade Setup for 23-05-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HDFCBANK
by Trading_hawk
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