HDFCBANK //4 HOUR SUPPORT AND RESISTANCEAs of April 25, 2025, HDFC Bank (NSE: HDFCBANK) is experiencing a neutral to slightly bearish trend on the 4-hour chart. Here's an analysis of its key support and resistance levels:
📉 Support Levels (4-Hour Chart)
₹1,707.87 – Strong support observed here; a break below this could lead to further downside.
₹1,719.49 – Another significant support level to watch.
₹1,726.67 – Provides additional support, though slightly weaker.
₹1,733.85 – A higher support level; if breached, it may signal a shift in trend.
📈 Resistance Levels (4-Hour Chart)
₹1,754.35 – Immediate resistance; breaking this could lead to upward momentum.
₹1,761.53 – A slightly higher resistance point.
₹1,768.71 – Key resistance; a breakout above this level may confirm bullish continuation.
₹1,780.33 – Strong resistance; surpassing this could lead to a significant rally.
Technical
#KOTHARIPETRO SWING TRADE
#KOTHARIPETRO SWING TRADE
HORIZONTAL RANGE BREAKOUT
ENTRY - 170.50
SL - 160
Targets - 181/195/210+
Swing trading is a speculative trading strategy in financial markets where a tradable asset is held for one or more days in an effort to profit from price changes or 'swings'.
Candlesticks PatternCandlestick patterns are a visual representation of price movements over time, used in technical analysis to identify potential trends and market sentiment. They provide insights into the daily price action of a financial asset, including its open, high, low, and closing prices. These patterns can suggest whether the market is likely to continue trending or if a shift in direction is on the horizon.
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MACD Analysis Part-2Moving average convergence/divergence (MACD) is a technical indicator to help investors identify price trends, measure trend momentum, and identify entry points for buying or selling. Moving average convergence/divergence (MACD) is a trend-following momentum indicator that shows the relationship between two exponential moving averages (EMAs) of a security’s price. MACD was developed in the 1970s by Gerald Appel, and is one of the most popular technical tools, readily available on most trading platforms offered by online stock brokers.
RSI and RSI Divergence Part 2RSI (Relative Strength Index) is a momentum indicator that measures recent price changes to assess if an asset is overbought or oversold. RSI divergence occurs when the price of an asset and its RSI move in opposite directions, potentially indicating a trend reversal or weakening trend. There are two main types: bullish divergence (price makes lower lows while RSI makes higher lows) and bearish divergence (price makes higher highs while RSI makes lower highs).
MACD(Moving Average Convergence Divergence) ExplainThe Moving Average Convergence Divergence (MACD) is a popular momentum indicator in technical analysis, created by Gerald Appel in the late 1970s. It helps identify trends and reversals by calculating the difference between two moving averages, typically based on historical closing prices.
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HDFC Bank - Long Term AnalysisFundamentals/Basis:
HDFC Bank is an important scrip that need to be monitored on long term basis, if we invest or not.
This is due to the fact, as a leader in the banking industry and a heavy weight company in the Nifty and bank nifty constituencies, HDFC bank provides clues to the overall market direction (most of the times)
This analysis is for Long term and if time permits, will keep updating throughout the year.
Technicals :
HDFC bank fell from its highs since end of 24 until jan. And had a retracement until approximately 1770 and formed a retracement trend direction.
Current range : 1600 to 1800 with 1700s as pivots.(Not formula but based on charts)
Trade Ideas :
If the price moves above the retracement line and sustains, go for long in the stock. Once it breaks lookout for confirmation at this trendline and also at the Long term trendlines for any retests.
Alternatively, if the price falls below the Long term trend direction, wait for confirmation on the bullishness.
Disclaimer : All the views and analysis provided are my personal analysis. Not a SEBI registered analyst. Plan and trade as per your analysis
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XAU/USD 1H – Bullish Continuation from Demand Zone?📊 XAU/USD (Gold) 1H Analysis – Bullish Continuation Setup
🔹 Market Structure: Gold has been in a strong uptrend, with price currently consolidating near a key demand zone.
🔹 Key Levels:
🔴 Resistance: $3,050 - $3,060 (Potential target)
🟣 Demand Zone: $3,030 - $3,035 (Support area)
🟠 Deeper Support: $3,025 (Break below weakens bullish bias)
📈 Potential Trade Setup:
1️⃣ A possible pullback into the demand zone could attract buyers.
2️⃣ Price may wick below liquidity before reversing.
3️⃣ If support holds, we anticipate a move toward $3,050+.
✅ Entry Zone: $3,030 - $3,035
🎯 Target: $3,050 - $3,060
🚨 Stop Loss: Below $3,025
⚠️ Watch for price action confirmation before entering. A strong bullish candle from support could signal entry. Let the market show its hand! 🚀✨
BTCUSD 8H: Trendline Pressure and Key Support Test🔥 BTCUSD 8H Deep Dive
1️⃣ Trendline Pressure: Bears controlling the market with a strong descending trendline.
2️⃣ Support Zone Strength: $77,500-$80,000 is a key demand area. Previous bounce shows buyers stepping in.
3️⃣ Liquidity Hunt? Price might sweep the support zone before reversal.
4️⃣ Volume Check Needed: Low volume = fakeout risk. High volume = potential breakout.
🎯 Targets
Bullish Breakout: $85,000-$87,500
Bearish Breakdown: $77,500-$75,000
📍 Eyes on next 8H close.
GOLD IN A WAIT-AND-SEE MODE – IS A BIG BREAKOUT COMING?📌 Market Overview
Gold is showing weak momentum at the start of the new trading week after a sharp decline from last week's high. This suggests that investors are still waiting for clearer signals before committing to a direction within the current price channel.
This week, market participants will closely watch the Federal Reserve’s FOMC meeting, where key decisions regarding interest rate policies will be made based on last week’s inflation reports.
Meanwhile, geopolitical tensions are rising after Trump’s recent airstrikes on Iran-backed Houthi forces. However, despite this significant event, gold has yet to show a strong bullish reaction. This raises the need for further confirmation before defining the next major trend.
📊 Key Levels to Watch
🔹 Support Levels: 2982 - 2976 - 2966 - 2948
🔹 Resistance Levels: 2994 - 3004 - 3015 - 3034
🎯 Trade Setups for Today
🟢 BUY ZONE: 2975 - 2973
📍 SL: 2970
🎯 TP: 2980 - 2984 - 2988 - 2992 - 2998
🔴 SELL ZONE: 3033 - 3035
📍 SL: 3038
🎯 TP: 3030 - 3025 - 3020 - 3016 - 3010
⚠ Caution Ahead! Possible Breakout Incoming!
Gold has been trading within a narrow range since last week, and a strong breakout is highly likely during the late Asian or early European session. Traders should be prepared for high volatility and ensure proper risk management. Stick to TP/SL levels to protect your capital!
📢 What’s your outlook on Gold this week? Will it break higher or continue its correction? Drop your thoughts below! 🚀🔥
XAUUSD Analysis: Bearish Reversal with Potential for Liquidity📉 XAUUSD (Gold Spot vs USD) Analysis - 3H Chart
🌟 Shooting Star Pattern Detected: The market has formed a shooting star, a bearish reversal candlestick, signaling potential weakness at the top.
📍 Key Resistance Zone (Purple Box): Price action has been rejected from this area, showing strong selling pressure.
🔍 If Break Scenario: Should the price break below the 2,949 support zone (🔵), we can expect a bearish drop 📉 with potential liquidity grab before a pullback for a new all-time high (ATH) 🚀.
🧐 Market Sentiment: Bearish bias for now, but watch for a potential reversal after liquidity is swept.
✅ Trader's Tip: Wait for a clean break and retest before entering a short position. 🎯
XAU/USD Bullish Outlook: Wyckoff Accumulation & Breakout PotentXAU/USD (Gold) - 2H Chart Analysis 🏆📈
🔹 Wyckoff Structure Insight
The chart shows signs of a Wyckoff Accumulation phase.
UTAD (Upthrust After Distribution) at the previous highs suggests a liquidity grab.
Test of the resistance level before a strong rejection downward.
SOW (Sign of Weakness) was observed, but buyers regained control.
🔹 Key Technical Levels
Fair Value Range marked below, showing a potential area of demand.
Unfilled Imbalance (EMB unfilled) signals an area where price might revisit before continuing upward.
Gap below indicates a previous liquidity sweep before the bullish reversal.
🔹 Trend & Price Action
Current price action is showing higher lows and bullish structure development.
Projected bullish move 📈 is expected to test the $2,940+ region.
🔹 Trading Bias: Bullish ✅
A retracement to the EMA or minor pullback could offer re-entry opportunities.
Invalidation level: Below $2,900, where momentum could shift bearish.
🚀 Gold remains strong; watch for breakouts above $2,940!
Bitcoin (BTCUSD) Rejection – Bearish Move Incoming?📉 Key Observations:
Resistance Zone (Purple Box): Price has tested this area and faced rejection.
Bearish Projection (Gray Box & Arrow): The chart anticipates a drop towards the $76,800 - $77,000 range.
Liquidity Grab? Price might consolidate before a sharp decline.
⚠️ Possible Scenarios:
Rejection Confirmation 🔻: If BTC fails to reclaim $84,470, selling pressure could increase.
Breakout Fakeout? 🤔: A deviation above resistance followed by a dump remains a risk.
🎯 Levels to Watch:
Resistance: $84,470 - $85,078
Support: $80,000 and $76,825
🔥 Final Take: If BTC struggles below resistance, a short setup could play out. Confirmation is key!
XAG/USD (Silver) 4H Chart Analysis – Bearish Setup📉 XAG/USD (Silver) 4H Chart Analysis – Bearish Setup 🚨
🔍 Key Observations:
Supply Zone (POI - Point of Interest) 🟪: The price is approaching a strong resistance area around $33.23 - $33.50.
Liquidity Grab (LQ) & Rejection Expected ❌: The previous major liquidity zone (LQ) suggests a possible fake breakout or rejection.
Bearish Projection ⬇️: The chart outlines a potential reversal after reaching resistance, leading to a drop towards $31.00 - $30.50.
📌 Trading Plan:
Short Entry 🎯: Around $33.20 - $33.50 (if price rejects this area).
Target 🎯: Major demand zone at $31.00.
Stop Loss 🚨: Above $33.60 (to avoid fakeouts).
Confirmation Needed 📊: Look for bearish candlestick patterns (e.g., engulfing, wicks, or double top formations).
⚠️ Final Thoughts:
Bearish Bias ⚠️ unless price breaks and holds above $33.50.
Monitor market conditions 🧐—news and fundamentals could shift momentum.
🔥 Trade smart! What do you think?
BTC/USD Breakdown! Bearish Target: $78K🔍 BTC/USD 30-Minute Chart Analysis
📉 Market Structure:
The chart displays an ABCDE corrective pattern, likely a descending wedge or contracting triangle, which has now broken to the downside.
Price action shows a breakout below the wedge, leading to further bearish momentum.
The 200-period moving average (red line) is acting as resistance, reinforcing the downward trend.
📊 Current Price: ~$83,057
🔻 Bearish Target: $78,049 (marked as the potential support level)
🛑 Key Observations:
Rejection from wave E indicates a lack of bullish strength.
Lower highs and lower lows confirm a continuation of the bearish trend.
Potential retest of ~$85,000 before dropping further.
🚀 Trading Insights:
Bearish Bias: Short opportunities on pullbacks toward resistance.
Bullish Reversal? Look for price action near $78,049—if buyers step in, a potential bounce could occur.
⚠️ Watch out for:
Sudden Bitcoin volatility (news-driven moves).
A fake breakdown (if buyers reclaim above ~$85,000).