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Intraday Trade Logic in HDFCBANK on 13 Dec 2021Intraday Trade Logic in HDFCBANK on 13 Dec 2021 While watching out chart pattern in daily basis or hourly basis i got 2 position to trade :- Buying short Selling After Watching out Feb 2 ,24 , March 4 ,9 candles i got Buying level i.e 1538 , As the price is sustaining the above level it was giving good RR wise proit But As today market opened below the level (1538) i tried to watch if any i get S.S opportuniy and i got it Similary , As if the price was sustained above 1538 we get good upmove wise versa if price below it good get downward good move. watching out March 31 , Jul 8 , Aug 18 , Nov 22 , 24 , Dec 3 , 9 i got Entry Point i.e :- 1536 SL :- 1538 Target 1520.05 Expected Target : between 1509-1505.15 Logic Behind Trailing Stoploss :- If we watch Dec 10 th opening Candle purely it's been rejected from our expected levels Trade Executaion:- 5 min TF:- Today Market opend below the levels . opeing candle formed with good volume At 10:10 to 10-20 it was seen that candle is not sustaining the above levels but trade must be taken after double confirmation that's my thought process.lol watch out volume of the 10:45 candle that sustained above 1536 is less than the previous candle Now, i got double confirmation for shorting at 10:55 candle which has more sellers volume so took the entry after the candle close i.e at 11 AM candle Exited at 1509 Check out RR Ratio IF YOU LIKE THE LOGICS PLEASE DO LIKE ...THANKING YOU .
NSE:HDFCBANKShort
by Yash_Kulkarni
Intraday Trade Logic in HDFCBANK on 13 Dec 2021Intraday Trade Logic in HDFCBANK on 13 Dec 2021 While watching out chart pattern in daily basis or hourly basis i got 2 position to trade :- Buying short Selling After Watching out Feb 2 ,24 , March 4 ,9 candles i got Buying level i.e 1538 , As the price is sustaining the above level it was giving good RR wise proit But As today market opened below the level (1538) i tried to watch if any i get S.S opportuniy and i got it Similary , As if the price was sustained above 1538 we get good upmove wise versa if price below it good get downward good move. watching out March 31 , Jul 8 , Aug 18 , Nov 22 , 24 , Dec 3 , 9 i got Entry Point i.e :- 1536 SL :- 1538 Target 1520.05
NSE:HDFCBANKShort
by Yash_Kulkarni
Simple Trade Setup | HDFCBANK | 13-12-2021 [ INTRADAY ]NSE:HDFCBANK Observations: 1) On 1day time frame, it is between 10DMA and 21DMA. On Friday, it closed just below 21DMA. 10DMA is placed at 1517.15 level and 21DMA is placed at 1524.43 level. If it trades above 1525 level then it will work as support. Otherwise immediate support range will be 1515-1517 level. Please refer below chart : 1day Time Frame. 2) On 15min time frame, we can see that it is forming kind of rounding bottom or mostly cup and handle pattern. But still major breakout level is 1560 level. If it gives sustainable breakout of 1560 level then we can see good up-move. But breakout of this parallel channel will surely take it to 1560 level range. Please refer below chart : 15 min Time Frame. But for recent pattern, we can see that it has been trading in uptrend parallel channel. And it is currently as base support. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for Date: 13-12-2021 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.
NSE:HDFCBANK
by Trading_hawk
Morning Fall, Afternoon bounce back & a flat EODNIFTY 50 EOD ANALYSIS 10-12-21 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 17476.05 H 17534.35 L 17405.25 C 17511.30 EOD -5.55 points / -0.03% SGX Nifty 10-12-21 @ 2000h = +46 points FII DII = -706 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a mild gap down and then sold off to test 17450 levels and then immediately bounced back and made high for the day and then met with the long standing resistance around 17540 and fell in a gradual manner. In the process it made failed attempts to retest 17500 and then fell further towards 17400. For almost an hour, Nifty could not make u its mind as there was an intense fight going on between the bulls and the bears around 17400 levels. Eventually, bulls managed to win and made a sustained and steady recovery but failed to close above the previous close. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 95 Top 5 Draggers contributed = 93 Net = +2 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 97 Top 3 Draggers contributed = 88 Net = +9 POSITIVES Nifty closed the week above 17500 and Bank Nifty above 37100. This is a good relief after seeing a lot of negativity in the last few days. It is good to see non heavyweight stocks helping Nifty stay neutral and in case of Bank Nifty scrips like IDFC First Bank also putting in a great show. The Advance-Decline ratio is around 60-40 which is good considering the fact that the market was quite choppy especially in the session up to 1300h. NEGATIVES FIIs keep selling and not sure when this is likely to stop. HDFC twins and Kotak Bank kept the indices under pressure throughout the day. Choppiness is prevalent in the market but India Vix is going down. This is a confusing situation and I view it as a negative for the traders. The indices have made a lower high and Bank Nifty has also made a lower low. TRADING RANGE FOR 12-17 Dec 21 Nifty Support = 17200-300 may well be the new base. Nifty resistance = 17550-600-625-700-800 Bank Nifty Support = 36200-500-800 Bank Nifty resistance = 37200-500-700-38000 INSIGHTS / OBSERVATIONS Here is my tweet posted in the morning related to Bank Nifty: 37000 was fought heavily by the bulls and bears in the last hour yesterday and the bulls just managed to win. Today, the bears did not allow the bulls to take it easy and 37000 became a hard line to sustain. However, today as well, the bulls managed to close the day above 37000 and at 37105 to be precise. This is a positive sign. The first half till 1300h was very choppy for both the indices. India Vix was for sometime in the positive but as the indices started forming intraday base, it started falling. The recovery in indices was welcome, however, premium decays were seen in both the indices even on 37000 and 17500 CEs compared to the previous close as well the EOD prices. I generally like situations where the deputy leader scrip rallies and supports the indices. It shows that as and when the big head is down, the deputy is capable enough to hold the fort. This was the case with TCS which overshadowed Infosys today. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 10-12-21 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
Reliance & ITC steady Nifty, HDFC Bank drags Bank NiftyNIFTY 50 EOD ANALYSIS 09-12-21 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 17524.40 H 17543.25 L 17379.60 C 17516.85 EOD +47.10 points / +0.27% SGX Nifty 09-12-21 @ 1540h = -27 points FII DII = -803 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a gap up and then FIIs would have pressed the Sell button and it fell 100+ points and then recovered a bit but then fell another 100+ points. Once this shake out was done, it consolidated around 17425 and then rallied but could not clear the opening high. It then experienced the customary expiry sell off and finally managed to end above 17500. Even though there was positivity throughout and India Vix is also showing a good downward move, the market was choppy and many SLs may have been hit on either side. Nifty has in the process, made a higher high and a higher low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 71 Top 5 Draggers contributed = 41 Net = +30 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 21 Top 3 Draggers contributed = 216 Net = -195 POSITIVES Nifty closed above 17500. Reliance, ITC and LT helped Nifty steady and end in the green otherwise it would have also ended in the red. ITC waking up again is a good sign giving Savings Account equivalent return in a day. India Vix keeps falling. NEGATIVES Bank Nifty was unable to hold on to the positive approach and closed well below yesterday’s close. FII DII are net sellers as FIIs keep selling and DIIs have not been buying enough indicating that there may be a further slide in store. TRADING RANGE FOR 10 Dec 21 Nifty Support = 16900-17000 may well be the new base. Nifty resistance = 17550-600-625 Bank Nifty Support = 36500-800 Bank Nifty resistance = 37500-700-38000 INSIGHTS / OBSERVATIONS Nifty ended the day at 17516 and this is the highest EOD close in this month and the first after 23 Nov 21. If Reliance and ITC had not performed well, Nifty too would have caved in like Bank Nifty as traders/investors may have started banking gains after a significant up move from the latest swing low. Yesterday I exited the remainder of my position in HDFC Bank as I feel it's a sick stock as it moves up 10 points and slips 20. And good that I did so as today, it is the leader in dragging the indices. Bank Nifty ended with a -202 points and HDFC Bank contributed 175 of these. This is the power of the heavyweight though I would prefer to stay away from it. It is strange that yesterday HDFC Bank contributed 200+ points and today almost that but in the opposite direction. And here is my take on ITC - please click the link to read the tweet: What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 9-12-21 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:BANKNIFTY
by AVENUESOFINVESTMENT
TCS 100% Profit Trade🤑#we will make only profit. 1st Today starting 45 min market Go up than its a strong chance we can achieve 2 Target but if any Bad News came than TCS achieve 1 Target . 2nd If you know Price action than se its a breakout But Not confirm Now. 3rd Today will be Clear we go up or Down. 4th All MACD try to be Enter in a bearish Zone. 5th stop loss jetna aap dene ko Ready ho 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:TCS
by UnknownUnicorn22712522
1
Strong continuation of upmove, what next?NIFTY 50 EOD ANALYSIS 08-12-21 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 17315.25 H 17484.60 L 17308.95 C 17469.75 EOD +293.05 points / +1.58% India VIX 17.27/-6.45% SGX Nifty 08-12-21 @ 1900h = +25 points FII DII = +1156ICrores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a strong gap up and sustained the same except for 5 minutes when it breached 17400 briefly. Even though there was positivity throughout and India Vix is also showing a good downward move, the market was choppy and many SLs may have been hit on either side. The indices made significant higher lows and higher highs. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 131 Top 5 Draggers contributed = 3 Net = +128 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 595 Top 3 Draggers contributed = 47 Net = +548 POSITIVES Nifty closed above 17450 and closer to the day high. Bank Nifty closed above 37200. India Vix keeps falling. The Advance-Decline ratio is quite impressive as 2/3rd scrips have advanced. FII DII data is +1100 Crores NEGATIVES I do think anything worth a mention can fit in here today. TRADING RANGE FOR 09 Dec 21 Nifty Support = 16900-17000 may well be the new base. Nifty resistance = 17500-600 Bank Nifty Support = 36500-800 Bank Nifty resistance = 37500-700-37000 INSIGHTS / OBSERVATIONS Of the total gain of 663 in Bank Nifty on EOD basis, the net contribution of the Top 3 Lifters & Draggers is 548! This explains why Bank Nifty was on a high today. There are 2 significant things that I feel are important and these are: Nifty’s low for the day in comparison to that of yesterday is higher by 300+ points. Bank Nifty Low for the day in comparison to that of yesterday is higher by almost 900 points. And this becomes even more interesting when we look at the following: Nifty EOD is up by 300+ points than EOD price of 1-12-21 Bank Nifty is up by 900+ points than EOD price of 1-12-21 Kotak Bank is like a hedging instrument - it prefers to run on its own course as when Bank Nifty was very strong today, Kotak Bank dragged. This has been the character of the scrip. I do not recollect when was the last time that the indices moved up this way after RBI policy announcements. Let us see how the expiry turns out tomorrow and whether India Vix continues its downward journey. A weekly close above 17500 on Nifty and 38000 on Bank Nifty would be a good thing to have. Nifty reached 17422 at 0925h and except for a 5 minute candle which took it to 17390, the rest of the entire day, it moved in a very narrow range of 62 points. However, Bank Nifty had a choppier day compared to Nifty with many ups and downs. What do you feel about this? Thank you, and Happy Money Making! Umesh 8-12-21 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
HDFC Bank (Hourly) - Inverted Head & Shoulders Chart Pattern HDFC Bank (Hourly) Chart Pattern - Inverted Head & Shoulders Target - 1610 (Depth of the head) Seems to have retested the neckline after the breakout Has entered the 3rd wave in hourly and 5th wave in daily RSI is above 60 and the stochastic 14,3,3 is in positive crossover Bollinger band is challenged on the upper end +DI is above the -DI in Directional Movement Index (DMI) with ADX above 15 All indicators / oscillators are positive in hourly and daily time frame On weekly timeframe, thought the MACD is downtick but we have an early buy signal of stochastic 5,3,3 being in positive crossover
NSE:HDFCBANK
by Dhiraj_Ahuja
6
HDFC Bank Seems like Head& Shoulders Pattern(Bearish)If 1560 level Breaks then HDFC bank will fall up to Support level 1530 We cam keep it as 1st TGT & fail to take Support @ 1530 then the 2nd TGT is 1490. >Support will Become Resistance and Resistance will become Support once the level Breaks. *Always Enter With good confirmation & Maintain proper Risk Reward. **********Educational/information purpose only ********** >> Visit My Ideas Page for Daily Stock Analysis, Follow for Live Updates. <<
NSE:HDFCBANK
by Ravitejasreevatsav
2