HDFCBANK // Levels // 30 Min"Welcome to SkyTradingZone "
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As of September 6, 2024, HDFC Bank's (HDFCBANK.NS) support and resistance levels are ₹1641.87 and ₹1649.77. If the price crosses the support level, it could indicate a bearish movement, while crossing the resistance level could indicate a bullish movement.
Support and resistance levels are specific price points on a chart where buying or selling is expected to be the highest. The support price is a price where buyers are expected to be more than sellers, while the resistance price is a price where sellers are expected to be more than buyers.
Stocks
Aavas Financiers - Analysis and PredictionTechnical Analysis of Aavas Financiers:
Aavas Financiers has been in a downtrend since January 2022, with strong initial support levels established at 1,297. The stock is facing resistance at four key levels: 1,815 (R1), 2,044 (R2), 2,416 (R3), and 3,000 (R4).
Notably, the stock is trading above the 200-week EMA, which is a positive technical sign, but it may experience a correction as it has reached the first resistance level (R1).
In terms of trading volumes, there has been significant increase since June 2023, indicating heightened market activity and interest. Additionally, Aavas Financiers has reported a decent free cash flow of ₹5.2 billion INR, which strengthens its financial position.
From a technical perspective, both the weekly and monthly MACD charts display bullish strength, further supporting the potential for upward movement in the stock’s price, provided it can break through and sustain the resistance levels ahead.
Potential Risk:
The primary risk to the stock's upward trajectory is the possibility of a broader market correction.
Disclaimer:
This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
Britannia analysisBritannia, after an untiring rally since the beginning of this month, now comes to a halt for another correction.
Entry-1 is on a retest of 5873-75 range as resistance with Stop above this range.
The second entry is below 5801-5800 range, if the price fails to retrace and continues to fall.
Bearish invalidation above resistance range till 5975 as t1 upside level.
MARUTI 30 Min levels (S/R)we mark Support and Resistance on the charts so you can check..
According to Investtech, Maruti Suzuki India's (MARUTI) support and resistance levels are:
Support: 10,800 rupees
Resistance: 13,000 rupees
According to TradingView, Maruti Suzuki India's key resistance levels are: 13,170 rupees and 13,551 rupees.
According to Equitypandit, Maruti Suzuki India's support levels are: 12,344 rupees, 12,260 rupees, and 12,169 rupees.
According to Equitypandit, Maruti Suzuki India's resistance levels are: 12,518 rupees, 12,609 rupees, and 12,693 rupees.
Support and resistance levels are key points where a concentration of buyers or sellers meet a price trend. Investors and traders use these levels to identify potential entry and exit points.
UNIDT levels 30 Min (S/R)we mark Support and Resistance on the charts so you can check..
Support Levels: These are price points where the stock tends to find buying interest, preventing it from falling further. Common support levels for BAJFINANCE might be around ₹6,380 and ₹6,2501.
Resistance Levels: These are price points where the stock tends to face selling pressure, preventing it from rising further. For BAJFINANCE, resistance levels could be around ₹7,000 and ₹7,2001.
Technical Indicators: Utilize indicators like Moving Averages, RSI, and MACD to get a better understanding of the stock’s momentum and potential reversal points
ADANIPOWER 30 Min Levels (S/R)we mark Support and Resistance on the charts so you can check..
Adani Power Share Price Today Live: The stock price has moved between 642.7 and 637.45 in the past hour. Traders might consider implementing rangebound trading strategies by buying around the support level of 637.45 and selling near the resistance level of 642.7
Axis Bank Long Setup - Axis Bank is currently trading at 1175
- BNF is carrying a bullish structure and at the same time Axis Bank is trying to form a base
- Axis Bank looks for a swing long around 1155-1164
- Watch out for the invalidation before looking for longs
- The structure looks intact and it will soon expand towards the upside as long the index doesn't collide.
Digital Technologies Co. Stock given Breakout with huge VolumeHello everyone, i hope you all will be doing good in your life and your trading as well, today i have brought a stock which has given a breakout of symmetrical triangle pattern with huge volume spike , generally whenver you see huge volume on the same day of breakout you can consider that as a healty breakout of that perticular company. Stock name Datamatics global services Ltd, and it is a Digital Technologies, Digital Operations, and Digital Experiences company that enables enterprises to go Deep in Digital to boost their productivity, customer experience and competitive advantage. Datamatics enables enterprises to combine various relevant Digital Technologies to improve productivity and customer experience to build sustainable competitive advantage.
Technically stock has given breakout of symmetrical triangle pattern and stock is sustaining above to breakout levels and currently it is above to 200-DEMA , which is a good sign of bullish reversal. MACD also suggesting a bullish crossover.
Note:- I have not placed MACD & 200-DEMA on chart to make chart crytal clear.
Fundamentally stock is really awesome, companies management is very good, they understand the business very well, as there is too much competitions in their business but still they are surviving like a leader in sector. It is really a good bet for long term as welll as short term . if you are planning to invest for long term, then i will suggest you to go and start SIP in this. For short term to medium term targets and stop loss, i already have mention on chart above. Please follow stricly.
Market Cap
₹ 4,088 Cr.
Current Price
₹ 693
High / Low
₹ 792 / 450
Stock P/E
21.7
Book Value
₹ 208
Dividend Yield
0.72 %
ROCE
21.2 %
ROE
16.6 %
Face Value
₹ 5.00
Industry PE
40.7
Debt
₹ 17.4 Cr.
EPS
₹ 31.6
Promoter holding
66.4 %
Intrinsic Value
₹ 382
Pledged percentage
0.00 %
EVEBITDA
14.3
Change in Prom Hold
0.00 %
Profit Var 5Yrs
20.8 %
Sales growth 5Years
6.46 %
Return over 5years
57.3 %
Debt to equity
0.01
Net profit
₹ 186 Cr.
ROE 5Yr
15.6 %
Profit growth
-4.54 %
Earnings yield
6.08 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Godrej Industries Limited - Breakout Setup, Move is ON...#GODREJIND trading above Resistance of 986
Next Resistance is at 1452
Support is at 699
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Info Edge Limited - Breakout Setup, Move is ON...#NAUKRI trading above Resistance of 7465
Next Resistance is at 8877
Support is at 6338
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Sundaram Finance Holdings Ltd - Breakout Setup, Move is ON...#SUNDARMHLD trading above Resistance of 365
Next Resistance is at 460
Support is at 260
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Kothari Petrochemicals Limited - Breakout Setup, Move is ON...#KOTHARIPET trading above Resistance of 220
Next Resistance is at 283
Support is at 167
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NDR Auto Components Ltd - Breakout Setup, Move is ON...#NDRAUTO trading above Resistance of 1476
Next Resistance is at 1938
Support is at 1094
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Ram Ratna Wires Ltd - Breakout Setup, Move is ON...#RAMRAT trading above Resistance of 594
Next Resistance is at 765
Support is at 389
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Oriental Hotels - Breakout Setup, Move is ON...#ORIENTHOT trading above Resistance of 156
Next Resistance is at 211
Support is at 102
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.