BankNifty Analysis - Stance Bearish ⬇️ The unusualness of the last 30mts was more obvious in the Banks - HDFC, ICICI, AXIS and Kotak. Seems a news/event is brewing and we may get some clarity in the coming days. The good thing is that it broke out pretty late in the day, which meant the expiry was not totally screwed. 4mts chart How many Analysts you know are...
HDFC Bank is likely to form a Symmetric Triangle Pattern. Wait for breakout from 1720 level. #Current Price - 1535 #Expected Target - 2600 #Stoploss - 1650 Pattern is forming on weekly chart. Disclaimer: This idea is only for education purpose, Please consult your financial advisor. I am not SEBI registered. Please give a Like if you like.
NSE:HDFCBANK is taking a breather on its 200-weekly moving average – the go-to spot for top-notch stocks when they are feeling low. Good stock generally rest, refresh, recharge and come back with a vengeance from this level. This is a special zone – also called the Iron Gate or the Citadel. Only twice in history has HDFC Bank hung out in this zone (2008,...
Banknifty form double top pattern. If weekly close come below 47480, It may show more down side up to 46350.
NSE:HDFCBANK has been hammered by the markets and is currently taking support at 200 Weekly EMA. This level has been touched or breached by the bank only thrice before today in more than 2 decades. This is certainly challenging for the bank and while it looks oversold, I would only buy above the current resistance of ~1700+ as this level has been a very strong...
One side fall in the stock has impacted the indices too. HDFC bank, is heavy weight in index, fell 140 point or 8.5% created a sell off. It took a retest of 200 ema and has closed below both the averages. It may give another red candle tomorrow. There stock has closed around a support zone and chance of testing 1500 levels are high. Short position can be...
Hdfc bank spot at 1720 Weekly time frame Symmetrical triangle pattern Horizontal resistance as per previous life high reversal levels, over here life high levels would play an important role, going ahead keep watch on daily price action, if not able to break above life high levels and sustain counter can give good retracement, of 5-7-10% counter have already...
BankNifty Analysis - Stance Bearish ⬇️ What happened with BankNifty today was more or less as per the script. The opening 4mts gave us some idea of what to expect, the reason being the bounce from 45399 support. Even though the opening was gap-down, adequate selling pressure was not there to take out the support level. Ideally, it had to be taken out via the gap...
Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Ascending Traingle 📌 Symbol/Asset: HDFC BANK 🔍 Description: Stock has is trading in a pattern from last 3 years. Now Stock is around the support. We can see good bounce from 1450-1480 levels if support is sustained 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
After huge fall in the HDFC Bank.... Here, is the updated chart for the same and it has taken the support at the trendline .... What's your view? Can it Hold the further fall and rise from there?
BankNifty Weekly Analysis Between the last expiry and today, BankNifty has fallen 1274 points ~ -2.69%. It may not look so dangerous, but keep in mind we had a swing range of 2328pts ~ 4.82% between the high to the low of the week. Of these 2328pts, 2060pts ~ 88.4% came just today. 16mts chart BankNifty Analysis - Stance Bearish ⬇️ We opened 1423pts ~ -2.96%...
Nifty Analysis - Stance Bearish ⬇️ Recap from yesterday “We would like to give one more opportunity for Nifty to hold its ground. We would start the day tomorrow with a neutral bias and wait for Nifty to fall below 21913 to go bearish.” 4mts chart Not only did Nifty50 open 360pts gap-down, but it broke the 21913 support. This was the laxman rekha for us below...
Adani Grp is in bullish mode. Adani port is at Breakout level. it break major resistance 1000. it can long from here or add more if come 985. it may test 1125 and 1165 soon.
yes bank now rejecting downside 14 levels and taking major support. And heavy Net volume is increasing on everydownside levels @ Rs. 14 So upside move is possible to 20-26 levels.
From last couple of day it's follow a down trend in 30 min timeframe. and now it create a double bottom with good volume and we can see MAX VOLUME is in 1674.05 . After break trend line with good volume the level of 1690 we can se a good move from 1690-1705 or 1720. After 1690 level break as expected we can see a bullish divergency at MACD . (as expected...
BankNifty Weekly Expiry Analysis BN just fell 742pts ~ 1.53% between the last expiry and today, logically it got only 4 working days as the last expiry was on a Thursday. A 742pts move is nothing considering the shape BN is currently in. Since the stance is now bearish, we are hoping for a build-up in the momentum soon. 63mts chart link BankNifty Today...
HDFCBANK fut broke above cup n handle pattern on daily charts with good OI. Risk:Reward - 1:2 Not to be missed. Could be bought short term or positional with mentioned stoploss & target for dec/jan series.
BankNifty Analysis - Stance Bearish All checkboxes ticked for a bearish trend reversal. Firstly, we got confirmation when we breached the ascending channel bottom line. Secondly, there was no attempt to retrace once we started falling. The low of the day was hit towards the end of session. 4mts chart link - click here BankNifty has been the torchbearer for...