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HDFCBANK Support & Resistance To determine the support and resistance levels for HDFC Bank (as of now, in December 2024), we would typically rely on technical analysis methods such as identifying recent swing highs and swing lows, using Fibonacci retracement levels, and observing moving averages and chart patterns. These levels change frequently, depending on market conditions, but I’ll provide a general guideline on how to calculate these levels and some typical support/resistance points that might be relevant. How to Find HDFC Bank's Support & Resistance Levels: Swing Highs and Lows: The most basic form of support and resistance is identifying the points on the price chart where HDFC Bank has recently bounced (support) or reversed down (resistance). Support: Price level where the stock finds buying interest and reverses from a downtrend. Resistance: Price level where the stock finds selling pressure and reverses from an uptrend. Fibonacci Retracement Levels: Fibonacci retracement is a powerful tool to predict possible support and resistance levels. Typically, the key levels are: 23.6% 38.2% 50% 61.8% These can be drawn by taking the most recent significant swing low and swing high (or vice versa) on the chart. Moving Averages: Key moving averages like the 50-day, 100-day, or 200-day can serve as dynamic support or resistance levels. If the price is above the moving average, it often acts as support, and if the price is below, it often acts as resistance. Psychological Levels: Round numbers such as ₹1,500, ₹1,600, ₹2,000, etc., often act as strong psychological barriers. Volume: High-volume areas in the past can act as strong support/resistance zones.
NSE:HDFCBANKLong
by UnknownUnicorn62517722
Bank Nifty index Support & Resistance Support Levels: Support levels are price points where the Bank Nifty index tends to find buying interest. These are levels where the index has historically reversed or slowed down its decline. Recent Swing Lows: Look for the recent lowest points on the chart where the price has bounced back. Fibonacci Retracement Levels: Fibonacci levels (23.6%, 38.2%, 50%, 61.8%) are often used to identify potential support zones. Moving Averages: Key moving averages like the 50-day, 100-day, or 200-day moving average can act as dynamic support levels. 2. Resistance Levels: Resistance levels are price points where selling pressure tends to emerge, preventing the price from rising further. Recent Swing Highs: Look for points where the index has faced difficulty breaking through or has reversed from the upside. Fibonacci Retracement Levels: Similarly, Fibonacci levels can also help identify potential resistance areas. Psychological Levels: Round numbers or large milestones in the Bank Nifty's price (like 40,000, 45,000, etc.) often act as resistance. Trendlines: A downward-sloping trendline can act as resistance, especially if it intersects with recent highs.
NSE:BANKNIFTYLong
by UnknownUnicorn62517722
Cipla Ltd view for Intraday 20th Dec #CIPLA Cipla Ltd view for Intraday 20th Dec #CIPLA Resistance 1460-1463 Watching above 1465 for upside movement... Support area 1430 Below 1440 ignoring upside momentum for intraday Support 1430 Watching below 1428 or downside movement... Resistance area 1460-1463 Above 1440-1445 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:CIPLALong
by UnknownUnicorn62517722
Bharti Airtel Ltd view for Intraday 20th Dec #BHARTIARTL Bharti Airtel Ltd view for Intraday 20th Dec #BHARTIARTL Resistance 1630 Watching above 1633 for upside movement... Support area 1600 Below 1615 ignoring upside momentum for intraday Support 1600 Watching below 1595 or downside movement... Resistance area 1630 Above 1615 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:BHARTIARTLLong
by UnknownUnicorn62517722
Reliance Industries Ltd view for Intraday 20th Dec #RELIANCE Reliance Industries Ltd view for Intraday 20th Dec #RELIANCE Resistance 1270 Watching above 1273 for upside movement... Support area 1240 Below 1255 ignoring upside momentum for intraday Support 1240 Watching below 1238 or downside movement... Resistance area 1270 Above 1255 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:RELIANCELong
by UnknownUnicorn62517722
TATA Motors Ltd view for Intraday 20th Dec #TATAMOTORS TATA Motors Ltd view for Intraday 20th Dec #TATAMOTORS Resistance 770-773 Watching above 775 for upside movement.. . Support area 750 Below 765 ignoring upside momentum for intraday Support 750 Watching below 747 or downside movement... Resistance area 770-773 Above 760 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:TMPVLong
by UnknownUnicorn62517722
PROFESSIONAL TRADAER ( point of view )A professional trader is someone who buys and sells securities frequently for short-term benefits. An investor generally buys and sells securities for long term capital gains and dividends. What is a professional trader? A professional trader is a person who works in finance and engaged in investing as a business or in a full-time role rather than occasionally or as a hobby. They may work for themselves, at a trading company, at a wealth management firm or as a freelance trader for individual clients. The estimated total pay for a Trader is ₹13,41,500 per year, with an average salary of ₹8,41,500 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.
NSE:UNITDSPREducation
by SkyTradingZone
Technical analysis MACDMACD is a momentum indicator, which follows trends and belongs to the oscillator family of technical indicators. It permits you to: According to the relationship between two moving averages, determine the current trend direction (bullish or bearish) and forecast where the price is more likely to go. The 12 represents a moving average of the previous 12 bars. The 26 represents a moving average of the previous 26 bars. The 9 represents a moving average of the difference between the two moving averages above.
NSE:NIFTYEducation
by SkyTradingZone
1
Divergence in Trading What is Divergence? Divergence is when the asset price moves in the direction opposite to what a technical indicator indicates. When a stock is diverging, it signals weaker price trends and the beginning of a reversal Seeing divergence increases profitability by alerting a trader to protect profits. Technical traders generally use divergence when the price moves in the opposite direction of a technical indicator. Strong divergence is the most reliable type of divergence, often signaling a significant reversal. It occurs when the price makes a new high or low, but the indicator fails to do so, indicating weakening momentum.
NSE:NIFTYEducation
by SkyTradingZone
Option And Database trading To study an option chain, focus on the current market price, displayed in the centre. Analyse the built-up data to understand market direction based on recent changes in open interest and price. ITM call options are typically highlighted in yellow, making it easier to distinguish them from other options. Adani Enterprises. ... Infosys Limited. ... HDFC Bank. ... Tata Consultancy Services (TCS) ... Bajaj Finance. ... Tata Steel. ... Bharat Petroleum Corporation Limited (BPCL) ... Larsen & Toubro Limited (LT)
BSE:SENSEXLong
by SkyTradingZone
Pre Market analysis for 18/12/2024Pre Market analysis for 18/12/2024 #NIFTYBANK If market opens flat and breaks 52700 will plan for selling for target 52300 level. If market opens gap down, wait for retest of yesterday closing,then plan for selling for target 52300 level. If market opens gap up, wait for breakout of 53000 level, then plan for buying for target 53500. Disclaimer:-All views are my personal and only for educational purpose. #StockMarketIndia #LetsLearnTogether
NSE:BANKNIFTYLong
by UnknownUnicorn62517722
Pre Market analysis for 18/12/2024 Pre Market analysis for 18/12/2024 #NIFTY50 If market opens flat and breaks 24300 will plan for selling for target 24150 level. If market opens gap down, wait for retest of yesterday closing level, then plan for selling for target 24150. level. If market opens gap up, wait for breakout of 24500 level, then plan for buying for target 24700 level. Disclaimer:-All views are my personal and only for educational purpose. #StockMarketIndia #LetsLearnTogether
NSE:NIFTY
by UnknownUnicorn62517722
The Indian Hotels Company Ltd view for Intraday 18th Dec #INDHOT The Indian Hotels Company Ltd view for Intraday 18th Dec #INDHOTEL Resistance 885 Watching above 886 for upside movement... Support area 870 Below 875 ignoring upside momentum for intraday Support 870 Watching below 868 or downside movement... Resistance area 885 Above 875 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:INDHOTELLong
by UnknownUnicorn62517722
Max Health Institute Ltd view for Intraday 18th Dec #MAXHEALTH Max Health Institute Ltd view for Intraday 18th Dec #MAXHEALTH Resistance 1220 Watching above 1222 for upside movement... Support area 1200 Below 1200 ignoring upside momentum for intraday Support 1200 Watching below 1198 or downside movement... Resistance area 1220 Above 1220 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:MAXHEALTHLong
by UnknownUnicorn62517722
Bharati Airtel Ltd view for Intraday 18th Dec #BHARTIARTL Bharati Airtel Ltd view for Intraday 18th Dec #BHARTIARTL Resistance 1630 Watching above 1633 for upside movement... Support area 1600 Below 1615 ignoring upside momentum for intraday Support 1600 Watching below 1597 or downside movement... Resistance area 1630 Above 1615 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:BHARTIARTLLong
by UnknownUnicorn62517722
Cipla Ltd view for Intraday 18th Dec #CIPLA Cipla Ltd view for Intraday 18th Dec #CIPLA Resistance 1460-1463 Watching above 1465 for upside movement... Support area 1430 Below 1440 ignoring upside momentum for intraday Support 1430 Watching below 1428 or downside movement... Resistance area 1460-1463 Above 1440-1445 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:CIPLALong
by UnknownUnicorn62517722