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HDFCBANK

Hdfc Bank Long I hope you can now see how HDFC BANK represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:HDFCBANKLong
by EntryandExit
A rangebound and choppy session forces the Indices to end in Red9NIFTY 50 EOD ANALYSIS 09-11-21 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 18084.35 H 18112.60 L 17983.05 C 18044.25 EOD - -24.30 points / -0.13% India VIX = 16.00 / -2.09% SGX Nifty 08-11-21 @ 1845h = +23 points FII DII = -1028 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a mild gap up and rallied a few more points and then went below the previous close and it never returned above that line. A very rangebound and choppy day thus ended in a mild red. Nifty breached 18000 on the downside but then quickly recovered. India Vix is misleading the reader about what transpired during the day. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 37 Top 5 Draggers contributed = 53 Net = -16 POSITIVES Nifty ended above 18000. Reliance held on to 2500+ levels and helped Nifty close above 18000. ICICI Bank deviated from the private banks pack and ended in the green. NEGATIVES When HDFC and HDFC Bank lead the pack of the draggers, it is hard for the indices to end green. And that is what happened today. HDFC Bank kept Bank Nifty nervous and weak throughout the day and did not allow it to close above the previous close. Despite FTSE being positive, our Indices ended in the red which is a cause of concern. TRADING RANGE FOR 10-12 November 2021 Nifty Support 17800-17900 Nifty resistance 18100-150-200 Bank Nifty Support 38800-39000-200 Bank Nifty Resistance 39600-800-40000. INSIGHTS / OBSERVATIONS I am wondering how much of gains is FIIs banking as they keep selling relentlessly. Today also they have sold for more than 2000 Crores and this is reflected in the SGX movement which is already at -42 around 1900h. I am also wondering why should we have a spot and a future and why cannot we trade the spot itself? The reason is -- Both the indices faced issues with the spot above the previous close but the future below its previous close. This happened several times during the day and in the end, the futures did not allow the spot to close above the line. I feel this is causing challenges to intraday traders like me. My feeling is that unless FIIs turn positive, this game may be on. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 09-11--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
2
#MARALOVER MARALOVERMaral Overseas Ltd. #MARALOVER NSE:MARALOVER NSE:MARALOVER CMP: 87.35 Target: 125 SL: 75 RR Ratio > 3 Time Frame < 6 Months Almost 45% return expected. Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:MARALOVERLong
by Rachit_Sethia
#MIRZAINT MIRZAINT #NIFTY #BANKNIFTY #FINNIFTY #NFT #CRYPTO #IOT Mirza International Ltd. NSE:MIRZAINT MIRZAINT CMP: 71.85 Target 88++ // HUGE RALLY EXPECTED 100++ SL: 63 Time Frame: < 6 months Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:MIRZAINTLong
by Rachit_Sethia
ICICI Bank on Steroids, fires up Bank Nifty & rescues NiftyNIFTY 50 EOD ANALYSIS 25-10-21 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 18229.50 H 18241.40 L 17968.50 C 18125.40 EOD - +10 points /-0.06% India VIX = 17.61 / +0.28% SGX Nifty 25-10-21 1840h = Flat FII DII = Unavailable till 1840h but likely to be negative with some buying by DIIs. CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty ended flat as if nothing has happened. In Hindi, today’s day can be summed up as -- Khaya Piya Kuch Nahi, Gilas Toda Baraa Aanaa! Nifty broke 18000 solid level as well but somehow managed to close flat. Nifty has now severely underperformed to Bank Nifty. This si quite a concern as except for banks no one seems to be supporting Nifty. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 41 Top 5 Draggers contributed = 24 Net = +17 POSITIVES ICICI Bank roared with the thunder that the results deserve. Kotak Bank has managed to close well above 2100. Axis Bank has also run up ahead of its results. SBIN continues to hold 500+ levels. NEGATIVES HDFC Bank was shivering as ICICI Bank was catching the limelight. Its inability to sustain higher levels is a cause of concern from a short-term perspective. Reliance failed to hold on to higher levels post its results though it closed just on the line of 2600. ITC has been beaten down and is the new punching bag of the Nifty pack. TRADING RANGE FOR 26 October 2021 Nifty 17900 as the new support base and 18150-200 and every few points thereafter is a resistance. Bank Nifty is a rocket and it would be very hard for me to gauge the speed or the lack of it of this new rocket and I will wait for the price action to play out for the next few days before venturing into the support/resistance placement. INSIGHTS / OBSERVATIONS As mentioned in yesterday’s video, ICICI Bank was in focus, and what a strong performance on the exchange by the leading bank. I like such actions that clearly define that the key fundamental change in the bank’s performance, the NPAs has been welcomed warmly by the market. And as expected, Reliance did not make any wild downside moves as it had been priced from the highs around 2730 and it fell 5% already ahead of the event so we will have to see how it behaves tomorrow as it has been able to hold 2600 for the day. I am wondering what would happen tomorrow if ICICI Bank remains flat? Who will be at Nifty’s rescue? Bank Nifty has been doing a terrific comeback after long periods of underperformance. Had it not been for the index, Nifty would have been closer to 17600-650 already! What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 25-10-21 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:ICICIBANK
by AVENUESOFINVESTMENT
HDFC Bank - Options Strategy Executed in my Account -- Outcome HDFC BANK - OPTIONS STRATEGY EXECUTED IN MY ACCOUNT --OUTCOME Lessons: Even though the max loss was only 4500, I ended up registering almost 4 times the loss. This indicates that there is no fixed risk thing in trading especially when exiting a trade is an issue. My view on the scrip and the Bull CE spread was a hit as HDFC Bank hit a high of 1725 on 18-10-21. When I looked at the spot, I checked the Strategy PNL and it was giving me close 5600-5700 gain. So without much thinking, I exited the Short Call as that is the SOP. The exit was almost immediate and I was happy as the liquidity was in place which is a must for exits. My intended exit was at 81 when the Long CE was around 93. However, I had to make one adjustment to exit the Short CE. By this time, the price had started the free fall. The next I did was I placed an order at 81 as that is where the last trade was made. I was unsuccessful as the premium fell further. I placed another Limit Sell Order at 77, 74, 71, and 67 but of no use. None of my orders got executed and I was already in a loss by then. HDFC Bank then started recovering and I held on to the Long CE - "In the Hope of it giving me at least a modest gain". I held on to the CE only because the EOD prices were higher than the day low. Even when Nifty fell on 20-10-21, this Option was doing alright and it appeared that I may be able to get a break-even exit. Even on 21-10-21, there was no issue as such but then as Nifty was recovering, HDFC Bank started to fall. This drove the premium down sharply and I had to make a tough call to place a Limit Sell Order at the Bid price to get "rid" of the CE. On 18-10-21 itself, I had tried to exit at the market price, but Zerodha did not allow stating that it is an illiquid option. So I learned very expensive lessons on the strategy. I have been quite successful in executing strategies so far. This trade was taken by me after a gap of 9 months. This trade was done with the results and I have till now not done such a trade. So I guess, I paid the price for it. In hindsight, so many things could have been done. However, I have presented to you the reality as it hit my PNL. With this dent, I am in no mood to take a real trade related to results-based Option Strategies. I will now do a better job when Q3 results are announced in Jan 2022. And as if what I endured was not enough, come Friday the 22-10-21 and HDFC Bank shot up to 1708 and the corresponding high of the CE that I was struggling to exit was 88!! So I was hit for not being able to hold on to a position for one more night and by 35*550 = 19250INR. This means I would have banked around 3K gains. All this is the 20/20 vision in hindsight and what happened was like - the water down the bridge. I can only keep learning and improving. What do you feel about this? How you would have handled this situation? Please share your thoughts as I am all ears and eyes open to learn and understand different perspectives. I wish you greater success in trading! Umesh 23-10-21
NSE:HDFCBANK
by AVENUESOFINVESTMENT