Black Friday saleUp to 70% OFF

HDFCBANK

HDFC BANK HDFC Bank has made a very strong comeback, breaking past above the 200 as well as the 50-day moving average So, HDFC Bank is likely to continue its momentum and start to outperform from the banking space. We would suggest a buy with Rs 1,650 as a momentum target and stop loss could be kept at Rs 1500 mark.. .. Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade. We're not responsible for any loss or profits.
NSE:HDFCBANK
by vaibhavu1
Simple Trade Setup | HDFCBANK | 29-12-2021 [INTRADAY]NSE:HDFCBANK Observations: 1) On 1 day time frame, it closed just above 10DMA and still trading below 200DMA. Please refer below chart : 1 day Time Frame. 2) Also on daily time frame, it made doji candle. If it trades above today's high then it will be quick buy trade. And if it trades below today's low then it will be quick short. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date: 29-12-2021 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.
Editors' picks
NSE:HDFCBANK
by Trading_hawk
50
HDFC BANK - Taking good support🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:HDFCBANKLong
by PrakWorld_Traders
2
Bulls unable to hold on, yet indices end in greenNIFTY 50 EOD ANALYSIS 21-12-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 16773.15 H 16936.40 L 16688.25 C 16770.85 EOD +248.15 points / -0.94% SGX Nifty 21-12-21 @ 1930 = +25 FII DII = Not yet available CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a significant gap up and was able to sustain the same and kept moving up as the day progressed. However, it then became obvious around 16940 levels where there is an earlier intraday resistance that the bears may not let the rally continue. And at 1300h, that is what happened and the sell-off continued and almost threatened to wipe out all the gains. Finally, in the last hour Nifty managed to recover well and ended in the green. Nifty has made a higher high and a higher low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 60 Top 5 Draggers contributed = 16 Net = +44 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 246 Top 3 Draggers contributed = 95 Net = +151 POSITIVES Both the indices ended the day in green. HDFC Bank and ICICI Bank were the leaders in lifting the indices and remained positive throughout. Reliance also joined these two in helping Nifty not give up all the gains that had been made in the first half of the day. NEGATIVES The manner in which the indices fell in the PM session indicates that there are large sell orders around 16900-950 and it is unlikely that the bears would give up the territory that easily. HDFC, SBIN, and Kotak Bank remain the problem scrips for the bulls as these are the scrips where every rise seems to be getting sold in to. TRADING RANGE FOR 22 DEC 21 Nifty support = 16300-400 Nifty resistance = 16800-900-950-17000 INSIGHTS / OBSERVATIONS For the 2nd in a row, Nifty OHLC was below 17000. This is an unusual sight in recent times. This also shows that the bears have not yet given up and any rally is likely to get sold into unless there is ferocity in the up move which was not seen on the horizon today. Whenever FIIs are the net sellers on the previous day and Nifty is trading with a significant gap up and the same is held on to, it would be safe to expect a sell-off in the PM session followed by a recovery which may not be full. Catching the last set of bears off guard and just when they have covered their shorts and switched to longs, comes the sharp sell-off which shakes the new longs out and before they can decide to re-enter, the fall is recovered in no time. So it is necessary for traders to be better Mentalists than good traders as only such people would be able to go with the flow. Yesterday’s massive fall was attributed to global Omicron fears even as India is for now better placed than the rest of the world. I am wondering what media would attribute the positivity in global indices to? Is Omicron gone? If we remove such noise, market moves and numbers would make better sense. And here is my latest tweet about an observation made: What do you feel about this? Here is the video link – Thank you, and Happy Money Making! Umesh 21-12-21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
Christmas Sale in On! Will it be Bears or Bulls all the way fromNIFTY 50 EOD ANALYSIS 20-12-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 16824.25 H 16840.10 L 16410.20 C 16614.20 EOD -371 points / -2.18% SGX Nifty 20-12-21 @ 1900h = +25 FII DII = -801 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a significant gap down and from there it never looked back and kept drifting and fell 400 points further from the opening level. It appeared that the leakage is unlikely to be stopped as there was hardly any buying taking place. Finally, around 1300h, either the shorters chose to cover or the bulls stepped in and the index managed to crawl and stumble upwards and ended above 16600. Nifty has thus breached all important levels on the way down and made lower highs and lower lows. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 10 Top 5 Draggers contributed = 160 Net = -150 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 00 Top 3 Draggers contributed = 778 Net = -778 POSITIVES I am not sure why Cipla and Dr Reddy’s bounced up - if the up move was on account of Omicron, it is not good in the overall interest of the markets. The only other consolation was that 16400 on Nifty and 34000 on Bank Nifty were not breached. NEGATIVES There is no dearth of negatives today so I better restrict the same as follows: For Nifty – Reliance and HDFC twins were the pain points. For Bank Nifty - HDFC Bank, SBIN, and ICICI Bank were the pain points. TRADING RANGE FOR 21 DEC 21 I did not expect this kind of paper support levels on the charts and I am not sure whether I will be able to draw any lines tomorrow as well. So let us wait and watch how this plays out. INSIGHTS / OBSERVATIONS Bank Nifty has clearly underperformed to Nifty as it is down more than 3% on EOD basis. This is a significant fall and was responsible for the turmoil in the markets today as well. On an EOD basis, Bank Nifty is down 1178 points of which 778 have been contributed by HDFC Bank, SBIN, and ICICI Bank. This itself shows what would have been the intensity of the selling pressure. With today’s fall, the much awaited Santa Claus rally has turned into a Christmas Sale on a Red Monday! We have been pushed back by a few months by the price action in the last 2-3 sessions in particular. The India Vix is significantly high and the moves remind me of the Mar 2020 type of price action where the indices used simply drift at market open. And here is my latest tweet on the Big Daddy of the Moving Averages: What do you feel about this? Here is the video link – Thank you, and Happy Money Making! Umesh 20-12-21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
#BANKNIFTY SWING OR INTRADAY TRADE#we will make only profit. 1st 1 hour RSI on Bottom. 2nd If you Use Indicator MACD so 15 or 30 min try to Enter in a Bullish Zone. 3rd I Just follow Trend Line or Support . 4th Set your Stop loss 35510.00 or Jetna aap Dane ko Ready ho. 5th If Today Market Start Gap Down or Can't Take Support Don't DO Any Trade. 6th Play safe in Market There is No Guaranty in NOV<DEC<JAN Because Market Crash Any Time With Small Useless NEWS #If you need any help comment or message me.
NSE:BANKNIFTY
by UnknownUnicorn22712522
7