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Moving Averages

HDFC Bank retesting the break out zone, looks bullish. The stock looks bullish as per the price action. There was a consolidation and a break out after a gap up opening creating a gap. It has retest the break out zone and the gap is filled. HDFC Bank has taken a good support from 1480-90 zone as there is a confluence of 200 ema, retest and fib retracement levels. Entry :- Above 1528 Possible Targets :- 1556, 1588 Swing/positional targets in the stock are even more. As the entry in the stock will be created the targets will be revised with trailing the SL/. Wait for the price action on the bullish side for the entry.
NSE:HDFCBANK
by Mambotrade
Nifty weekly expiry analysis for 04/07/2024.Nifty on the daily time frame has formed a doji after a good gap up opening. Market is travelling on the upper side which is a good sign for the trader waiting for a shorting opportunities. Today it remained in a range from the lower range of 24230 to upper range of 24300. If there is a flat to slight gap down opening, the market will opening this range and trader can be initiated once the levels are breached. In case of a huge gap up opening, there are chance of profit booking or retesting the current resistance zone. Major Resistance :- 24300-310 Support levels :- 24240, 24180 Tomorrow is the weekly expiry for the index and this week the expiries had decayed at a certain levels after initial hour movements. The consolidation today is the good sign for intraday traders and a break down can be traded with more conviction. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Data Patterns, a defence and aerospace proxy ready to move?-In a very long base, last time it breakout long base gave 80% move in just 20 days. (always read history of stock how it move, how to form base, how it react to moving averages, how volumes come etc etc) -from strong sector (sector is always imp as strong sector's stocks move faster) -Good shakeout and Fake-out also there means kicking weak players by hunting their SLs (stoplosses) -Inside Bar on latest candle -Volatility contraction
NSE:DATAPATTNSLong
by takmanish007
Nifty weekly anlysis for 25/06/24.Nifty on the weekly time frame has formed a doji candle and closed only 35 points higher. Market is stretching a lot and there are chance of showing some profit booking or reversal as the candle on the dialy charts suggest. For last 5 trading sessions, nifty has remained in a 200-250 points zone. If nifty starts trading below 23415 levels, it can test minor support levels around 23300 and travel towards 23230 levels. Major support levels :- 23230, 22925 Resistance levels :- 23659 Nifty from the low of this month has travelled 970 points while still 5 trading session are there. In case of a break out, the market will be in an uncharted area can travel to the next thousands. On smaller time frame( 60 minute), nifty is trading below the 20 ema, resting on 50 ema and there can be chances of it testing the lower moving average. Watch for the moving averages trading strategy giving a entry or a fake down. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade