HDFCBANK Levels As of December 26, 2024, HDFC Bank's stock (HDFCBANK) closed at ₹1,798.10. The stock has been trading below its 52-week high of ₹1,880.00, reached on December 9, 2024.
Technical analysis indicates the following support and resistance levels:
Support Levels:
₹1,777
₹1,763
₹1,746
Resistance Levels:
₹1,808
₹1,826
₹1,840
These levels suggest that if the stock price declines, it may find support around ₹1,746 to ₹1,777. Conversely, upward movements may encounter resistance between ₹1,808 and ₹1,840.
Additionally, pivot point analysis provides the following levels:
Daily Pivot Points:
Pivot: ₹1,794.50
Support 1 (S1): ₹1,777.00
Resistance 1 (R1): ₹1,808.25
Weekly Pivot Points:
Pivot: ₹1,802.83
Support 1 (S1): ₹1,735.72
Resistance 1 (R1): ₹1,838.62
These pivot points can serve as additional indicators for potential price movements.
It's important to note that trading volumes have been below the 50-day average, which may influence price volatility. For instance, on December 26, 2024, the trading volume was 5,240,839 shares.
Please remember that stock prices are influenced by various factors, and past performance does not guarantee future results. It's advisable to conduct thorough research or consult a financial advisor before making investment decisions.
Trade!
If TATA MOTORS breaks the price band and resistance
If TATA MOTORS breaks the price band and resistance of 764.75 It's a BUY a signal MACD is about to cross and RSI has also increased. It might come back to the level of 764 for retracement to achieve the the TARGET of 927 and keep SL of 649.
TARGET 1-927
TARGET 2-1015
SL-649
The information provided here is for educational and informational purposes only. I am not a SEBI-registered financial advisor, and any suggestions or opinions expressed are solely based on personal research and analysis. Please conduct your own due diligence or consult with a licensed financial advisor before making any investment decisions. Trading in the stock market involves risk, and you should be aware of your own risk tolerance and financial goals before making any investment
PCR in trading The Put-Call Ratio (PCR) is a popular technical indicator used by investors to assess market sentiment. It is calculated by dividing the volume or open interest of put options by call options over a specific time period. A higher PCR suggests bearish sentiment, while a lower PCR indicates bullish sentiment.
However, no PCR can be considered ideal, but usually, a PCR below 0.7 is typically viewed as a strong bullish sentiment while a PCR more than 1 is usually considered as a strong bearish sentiment.
Technical trading Technical analysis is a trading strategy used by investors to identify new investment possibilities. To anticipate future price movements of stocks or other assets, for example, past price and volume data is studied and shown on graphic charts, where trends, patterns, and technical indicators can be identified.
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
Option and Database trading Traders use an options chain to choose the specific option contracts that best align with their trading strategy. They can select options with the desired strike prices and expiration dates based on their market outlook. Options chains are crucial for assessing and managing risk.
Rupeezy, Upstox, and Zerodha offer the best option trading apps in the market because their innovative trading platform allows traders to seamlessly analyze and trade in the market.
MACD In Trading The Moving Average Convergence/Divergence indicator is a momentum oscillator primarily used to trade trends. Although it is an oscillator, it is not typically used to identify over bought or oversold conditions. It appears on the chart as two lines which oscillate without boundaries.
Traders often use MACD with longer-term moving averages like the 50-day or 200-day moving average. If the price is above these averages and MACD signals a buy, it reinforces the bullish trend. On the flip side, if the price is below the moving averages and MACD signals a sell, it indicates a strong bearish trend.
RSI and Database in Trading The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security.
When the RSI crosses above 70, it suggests that the asset may be overbought. This means that a price correction or pullback could be imminent. ...
Learn Option in trading Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame.
Or as it's conveniently named, 1 Long put closer to the money, 1 short put further from the money, and 2 more short puts even further from the money. Preferably, as far away as possible while maintaining a net credit for the trade.
RSI in trading The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security.
The RSI is helpful for market participants in identifying trends. In a strong uptrend, the RSI typically stays between 40 and 90, with the 40-50 range acting as support. In a strong downtrend, the RSI ranges from 10 to 60, with the 50-60 range serving as resistance.
Adx part 1The ADX quantifies trend strength by measuring directional movement over a given time frame. It provides traders with specific numbers (from 0 to 100) that represent strong or weak price trends. Traders can simply refer to the numbers to quickly assess the strength of a trend.
ADX below 20: Non-trending or consolidating.
ADX crosses above 20: A new trend may emerge.
ADX crosses 25: Confirmation of the trend.
ADX above 40: Strong trend.
ADX crosses 50: Extremely strong trend.
ADX crosses 70: A rare occasion.
ADANIENT Support & Resistanace As of December 26, 2024, Adani Enterprises Limited (ADANIENT) is trading at ₹2,377.27. For intraday trading, the following support and resistance levels have been identified:
Daily Pivot Levels:
Support Levels:
S1: ₹2,300.68
S2: ₹2,256.42
S3: ₹2,179.83
Resistance Levels:
R1: ₹2,421.53
R2: ₹2,498.12
R3: ₹2,542.38
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
OBEROIRLTY Support & Resistance As of December 26, 2024, Oberoi Realty Limited (OBEROIRLTY) is trading at ₹2,290.50. For intraday trading, the following support and resistance levels have been identified:
Daily Pivot Levels:
Support Levels:
S1: ₹2,278.40
S2: ₹2,157.58
S3: ₹2,065.27
Resistance Levels:
R1: ₹2,378.30
R2: ₹2,499.12
R3: ₹2,591.43
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
HDFCBANK Support & Resistance As of December 26, 2024, HDFC Bank Limited (HDFCBANK) is trading at ₹1,809.30. For intraday trading, the following support and resistance levels have been identified:
Daily Pivot Levels:
Support Levels:
S1: ₹1,798.78
S2: ₹1,788.87
S3: ₹1,779.63
Resistance Levels:
R1: ₹1,817.93
R2: ₹1,827.17
R3: ₹1,836.42
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
ICICIBANK Support & Resistance As of December 26, 2024, ICICI Bank Limited (ICICIBANK) is trading at ₹1,297.25. For intraday trading, the following support and resistance levels have been identified:
Daily Pivot Levels:
Support Levels:
S1: ₹1,290.17
S2: ₹1,283.08
S3: ₹1,275.92
Resistance Levels:
R1: ₹1,304.42
R2: ₹1,311.58
R3: ₹1,318.67
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
AXISBANK Support & ResistanceAs of December 26, 2024, Axis Bank Limited (AXISBANK) is trading at ₹1,078.90. For intraday trading, the following support and resistance levels have been identified:
Daily Pivot Levels:
Support Levels:
S1: ₹1,075.02
S2: ₹1,071.13
S3: ₹1,066.27
Resistance Levels:
R1: ₹1,083.77
R2: ₹1,088.63
R3: ₹1,092.52
TOP STOCK RESEARCH
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
RELIANCE Support and Resistance As of today, for intraday trading in Reliance Industries (RELIANCE), here are the approximate support and resistance levels based on technical analysis:
Intraday Support Levels:
S1 (First Support): ₹1,220
S2 (Second Support): ₹1,210
S3 (Third Support): ₹1,200
Intraday Resistance Levels:
R1 (First Resistance): ₹1,230
R2 (Second Resistance): ₹1,240
R3 (Third Resistance): ₹1,250
Notes:
These levels are calculated using pivot points, Fibonacci retracements, and other common technical indicators.
Intraday traders should also consider the stock's volatility, volume, and momentum indicators for confirmation.
Always set a stop-loss to manage risk effectively.
Pre Market analysis for 26/12/2024
Pre Market analysis for 26/12/2024
#NIFTYBANK
If market opens flat and breaks trendline 51350 level, will plan for buying for target 51600 level.
If market opens gap down, and breaks 51100 will plan for selling for target 50800. Wait for 15min candle close below level.
If market opens gap up, wait for retest of trendline 51300 level, then plan for buying for target 51600.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarket
#LetsLearnTogether
Pre Market analysis for 26/12/2024
Pre Market analysis for 26/12/2024
#NIFTY50
If market opens flat and breaks 23750 will plan for buying for target 23880 level.
If market opens gap down, and breaks 23680, then plan for selling for target 23550. level.
If market opens gap up, and sustains above 23750 level, then plan for buying for target 23880 level.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Learn option in trading If you buy an options contract, it grants you the right but not the obligation to buy or sell an underlying asset at a set price on or before a certain date. A call option gives the holder the right to buy a stock, and a put option gives the holder the right to sell a stock.
Now, the burning question on everyone's mind – how long does it take to learn options trading? Well, it really depends on how much time and effort you're willing to put in. Some people might be able to pick it up in a few weeks, while others might take months or even years to fully grasp the concepts.
Technical trading for traderTechnical trading is the practice of using price-based trading strategies to make short-term trades. It relies heavily on technical analysis, which uses past and current data to identify trends in the market.
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
Learn option trading with us The seller (or writer) of options accepts the obligation to buy or sell should the purchaser exercise their right. U.S. investors can trade options on a wide range of financial products—from individual stocks or stock exchange-traded funds (ETFs) to indexes, foreign currencies and more
The process for how to learn stock options trading is quite simple. You need to immerse yourself in educational resources, and then put what you've learned to practice. But – what we recommend is to practice with paper trading before you actually spend real money on options.