Today, HDFC Bank is down by more than 4% due to some news of target reduction.
As HDFC Bank is a market mover, a big fall in HDFC bank can trigger a correction in broader Indian markets, especially banking sectors.
However, news based moves are mostly a trap for retail investors.
Weekly TF analysis of HDFC bank shows formation of ascending triangle pattern since...
In this chart i am gonna show your how to work properly this strategy . so keep stay tune and wish your very best to becoming an professional Forex trader .
From last few trading sessions we are witnessing a big upside rally in broad market.
Nifty 50 from low, made on 22 june recovered +7.5%.
It is surprising that Nifty's most treatable player not recovered more than 3 % from recent lows.
On technical side
1) The inverted flag pattern is showing a short term down trend,
2) Prices are trading below 200 day...
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a....
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
After GOI's green H2 policy announcement ...
I JUST LOVE WATCHING CHARTS DANCE THAT'S ALL :)
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🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope...
STRONG BULLISH VIEW
Reasons:
NEWS
1. INR 50,000 crore fund raise via debt securities
2. Bank Deposits have risen 25% from a year ago
CHART
1. Ascending triangle (highlighted on chart) giving strong support
2. Evening Star (Bear Pattern) has formed at support clearly indicates the bearish pattern will fail, backed by bullish sentiments and news.
Trade Good...
PS: I am a beginner. This is just my opinion. Only trade based on your analysis
-Glenmark announced the DCGI nod for selling of Fabiflu - Covid-19 med.
-Strong support between 390 and 400 (very strong at 394)
- Closed in its S/R zone of 408-415. If breakout above 418, can go till 432-437.
-Result on 26th June. Expected a positive result.
- If fall below 390,...
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Profit booking and trailing is the important concept of trading which people ignore's many time , if somebody is following the chart it was clearly a resistance at 615 levels ( marked blue ) , now their is a gap lets see if it feel's up the 500 levels, !!!!!
