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HDFC Bank (Bearish Sequence)## We publish bearish sequence in hdfc bank & exactly it happen eventhough bank nifty is recovering but hdfc is not, you can see the chart below. ## Anyway HDFC bank is still developing M2 wave after which it will proceed for downward movement. ## Even though M3 failed but still Longterm wave is still bearish, so hdfc bank will fall again. _____________________________________________________________________________ Previous Long Term forecast ______________________________________________________________________________ Bank Nifty Medium Term Forecast _____________________________________________________________________________
NSE:HDFCBANKShort
by Neowave-forecast
NOCIL: Breakout Confirmed, Uptrend or Pullback Test?Analysis: The chart of NOCIL on TradingView presents a post-breakout scenario, offering potential long entry opportunities but also demanding cautious consideration. Let's delve into the details: Current Price: ₹290, surpassing the key resistance level of ₹285 marked by the orange line. Breakout Confirmation: The recent surge past the resistance zone, accompanied by moderate volume, confirms a potential trend reversal from resistance to support. However, a crucial question emerges: Has the uptrend momentum exhausted, or is a pullback retest of the breakout level imminent? Trading Strategies: Aggressive: Option 1 (Immediate Long): Enter long if the price closes and sustains above the current level (₹290) with persistent buying volume. This aggressive approach assumes the uptrend will continue. Option 2 (Retest Confirmation): Enter long only if the price retests and decisively breaks above the breakout level (₹285) with renewed buying volume. This option waits for confirmation before committing. Conservative: Wait for Pullback: Wait for a potential pullback towards the breakout level (₹285) or within the previous consolidation zone (visible in the chart, likely between ₹260-₹280). Enter long only if the price finds support at the pullback zone and exhibits bullish reversal signs (e.g., hammer candlestick pattern). This approach prioritizes minimizing risk by waiting for confirmation. Additional Considerations: The stock market is volatile, and even confirmed breakouts can experience pullbacks. Conduct thorough fundamental research to assess NOCIL's financial health, industry outlook, and future prospects before making investment decisions. Implement prudent risk management through stop-loss orders and appropriate position sizing. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
NSE:NOCILLong
by TRADING-NASA
Federal Bank: Breakout Confirmed, Bullish Consolidation or RetesAnalysis: The chart of Federal Bank on TradingView suggests a confirmed breakout above the 158.95 resistance level (orange dotted line), offering a potential long entry opportunity. However, recent market volatility and the price action within the chart require careful consideration. Current Price: ₹164.70, above the breakout level Breakout Confirmation: The recent surge past the resistance zone, accompanied by decent volume, confirms a potential trend reversal. However, the recent market weakness and the consolidation pattern visible in the chart necessitate further analysis. Trading Strategies: Aggressive: Enter long only if the price breaks above the consolidation range with renewed buying volume, suggesting continued momentum. This approach requires confidence in the breakout's strength despite recent market weakness. Set a stop-loss order below the breakout level (₹158.95) or below the consolidation range, whichever is more conservative. Potential target prices could be ₹175 and ₹185 based on chart patterns and Fibonacci extensions. Conservative: Wait for a potential pullback towards the breakout level (₹158.95) or within the consolidation range. Enter long only if the price finds support at the pullback zone and exhibits strong bullish reversal signs, such as a double bottom or engulfing bullish candlestick pattern. This approach prioritizes minimizing risk before committing. Additional Considerations: The stock market is inherently volatile, and recent market weakness could impact Federal Bank's momentum. Carefully analyze the price action within the consolidation range in the image to assess its strength and potential breakout direction. Conduct your own fundamental research to assess Federal Bank's financial health, industry outlook, and future prospects before making investment decisions. Implement prudent risk management through stop-loss orders and appropriate position sizing. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions
NSE:FEDERALBNKLong
by TRADING-NASA
Granules India: Breakout Confirmed, Long Opportunity EmergesAnalysis: The chart of Granules India on TradingView suggests a promising breakout opportunity, potentially signaling a long entry chance for traders. Let's analyze the details based on the information provided on chart. Current Price: ₹455.75, above the old year resistance level of ₹436.20 marked by the orange line. Breakout Confirmation: The recent surge past the resistance zone, accompanied by strong volume, confirms a potential trend reversal from resistance to support. Uptrend Momentum: The sustained price increase after the breakout indicates continuing buying pressure, hinting at further upside potential. Trading Strategies: Aggressive: Enter long if the price closes and sustains above the current level (₹455.75) with continued buying volume. Implement a stop-loss order below the breakout level (₹436.20) to manage risk. Potential target prices could be ₹480 and ₹505 based on chart patterns and Fibonacci extensions Conservative: Wait for a potential pullback towards the breakout level (₹436.20) or within the previous consolidation zone (₹410-₹430) (highlighted in the image). Enter long if the price finds support at the pullback zone and exhibits bullish reversal signs (e.g., hammer candlestick pattern). Utilize a stop-loss order below the pullback low for effective risk management. Additional Considerations: The stock market is volatile, and breakouts can sometimes fail. Conduct your own fundamental research to assess Granules India's financial health, industry outlook, and future prospects before making investment decisions. Manage your risk effectively using stop-loss orders and appropriate position sizing. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.
NSE:GRANULESLong
by TRADING-NASA
Natco Pharma: Sustained Breakout or Pullback Retest?Analysis: The chart of Natco Pharma Ltd. on TradingView depicts an intriguing post-breakout scenario, presenting both potential long entry and cautious approaches for traders. Let's dissect the situation: Current Price : ₹1026.50, well above the multi-year resistance level of ₹921.10 marked by the orange line. Breakout Confirmation: The recent surge past the resistance zone, accompanied by strong volume, confirms a potential trend reversal from resistance to support. Uptrend Momentum: The sustained price increase after the breakout indicates continued buying pressure, suggesting further upside potential. However, a crucial question arises: Has the breakout momentum exhausted, or is a pullback retest imminent? Aggressive: Option 1 (Immediate Long): Enter long if the price closes and sustains above the current level (₹1026.50) with persistent buying volume. This aggressive approach assumes the uptrend will continue. Option 2 (Breakout Confirmation): Enter long only if the price retests and decisively breaks above the breakout level (₹921.10) with renewed buying volume. This option waits for confirmation before committing. Conservative: Wait for Pullback: Wait for a potential pullback towards the breakout level (₹921.10) or within the previous consolidation zone (₹850-₹920). Enter long only if the price finds support at the pullback zone and exhibits bullish reversal signs (e.g., hammer candlestick pattern). This approach prioritizes minimizing risk by waiting for confirmation. Additional Considerations: The stock market is inherently volatile, and even confirmed breakouts can experience pullbacks. Conduct thorough fundamental research to assess Natco Pharma's financial health, industry outlook, and future prospects before making investment decisions. Implement prudent risk management through stop-loss orders and appropriate position sizing. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
NSE:NATCOPHARMLong
by TRADING-NASA
Apollo Pipes: Breakout on the Horizon, Potential Long Entry Analysis: The chart of Apollo Pipes Ltd. on TradingView suggests a potential upward breakout, offering a possible long entry opportunity. Here's a breakdown: Current Price : ₹743.35, above the multi-day resistance level of ₹727.20 marked by the blue line. Breakout Potential: The price is attempting to break above the resistance level, with increased volume supporting the uptrend. If this breakout is confirmed, it could signal a trend reversal and further price appreciation. Trading Strategies: Aggressive: Enter long if the price closes and sustains above the breakout level (₹727.20) with continued buying volume. Set a stop-loss order below the breakout level to manage risk. Potential target prices could be ₹780 and ₹820 based on chart patterns and Fibonacci extensions. Conservative: Wait for a potential pullback towards the breakout level (₹727.20) or within the previous consolidation zone (₹680-₹720). Enter long if the price finds support at the pullback zone and shows signs of bullish reversal (e.g., hammer candlestick pattern). Utilize a stop-loss order below the pullback low for effective risk management. Additional Considerations: The stock market is volatile, and breakouts can sometimes fail. Conduct your own fundamental analysis to assess Apollo Pipes' financial health, industry outlook, and future prospects before making investment decisions. Manage your risk effectively using stop-loss orders and appropriate position sizing. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions
NSE:APOLLOPIPELong
by TRADING-NASA