The HDFC Bank extended decline today, after marking its biggest single-day drop since March 2020.In the last two days alone, HDFC Bank has corrected more than 12%.
This decline is fine but there's another picture to it which no one is talking about.
While there is so much panic among investors and traders but this panic can be a good investment...
BUY INDIAMART UPTO 4500
TARGETS - 6000, 7030, 8000++
SL - 3585 ON WEEKLY CLOSING BASIS
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
BUY NAUKRI UPTO 4200
TARGETS 5180, 5360, 5600, 5770, 6000+++
SL 3200 ON WEEKLY CLOSING BASIS
TRAIL SL ONCE IN PROFIT
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
Nifty is looking bearish for now due to weakness in the market. It can bounce back from one of these supports. Wait for confirmation of reversal before entry. Breaking the previous swing low can cause further correction.
RELIANCE INDUSTRIES a per daily chart analysis stock above 2380 level for a target 2400 level. Resistance are at 2406 and 2474. Stock Below 2357 level for a target 2347 level. Support are at 2340 and 2311 Level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to...
LIC HOUSING FINANCE as per daily chart analysis below 362 level for a target 352 level. Stock has a good support at 351 level.Do note nifty50 tomorrow will fall initial hours and it should take support either at 16891 or 16791 for it bounce back.
ADANI PORTS as per daily chart analysis once the stock breaks resistance 775 level then above 777 for a target 787 level. The stock is bullish from monthly and weekly chart perspective.
Reliance Industries is currently trading at the potential reversal zone (PRZ)/supply zone set by the XABCD Bearish Bat Pattern. In the past after reaching the supply zone, it got corrected until 0.618 Fibonacci retracementent of CD.
After a good correction, it is trading now near the supply zone. Since it touched the all-time highs, it never had closed above the...
Asian Paints has crossed 3163 levels with high volumes after breaking the demand zone 2. For a better risk-reward ratio, we can wait for a pullback until 3163, which is expected to act as good support.
Place your stop loss level below the demand zone 2.
The XABCD bearish crab pattern sets a 1.618 fib extension level as a profit booking level for longs. Book...
The pair chart is suggesting a reversal in Relative Strength from this level as it takes support near a rising trend line, suggesting Bajaj Finserv will outperform Bajaj Finance from here onwards. As per this the spread could now resume its uptrend till 1.95 and then 2.10, view negates below 1.72
In monthly time frame every time in the past whenever price has had a big gap with its Kijun the trend has reversed. Once again we are witnessing similar kind of extreme range levels. Since this is monthly it could take its time, a weekly close below 495 would be a trigger for retracement till 425-400
