The above chart shows comparison between nifty and an index which is made of 50% sbi and 50% hdfc
50% sbi and hdfc outperformed nifty.
Anyways, thought of showcasing it for future reference for myself.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
Heavy selling in HDFC Bank is continuing on day to day basis. The stock is in red based on Smoothed Heiken Ashi, Follow Line Indicator, and Supertrend line in all the charts for 5 min, 15 Min, 30 Min, 1 Hr, 4 Hr and Daily chart.
Gann Square of 9 support levels of 1390 is broken today. Following support levels based on Gann Square of 9 are 1330 and 1270.
Keep your money in your pocket to buy this bull, I'm the next bull market it will give us a zigzag return
There is a high probability that today it will touch to the support level buy in small qualities.
🍻🍻Cheers🍻🍻
its clearly 15 min symmetrical triangle pattern
which will give upside or downside trend depend on which side brkout will give next day.
If its open in gap down we will buy PE of spot price and With open with gap up the we can buy CE or stocks at Spot price.
Which will give you more than 25-45 point moment in next day.
both side order has on..
HDFC Bank gave a gap-down opening from its previous close on Friday and went down till 1414 and reversed from its support levels of 1413 based on the Fibonacci study.
The stock is clearly in a bearish phase, with 50 DMA hovering below 200 DMA. Supertrend, Smoothed Heiken Ashi, and Follow Line indicators are red zone, further strengthening the bearish view in the...
AVWAP always acts as a support and resistance.
HDFC Bank is still strong till it is trading above its nearest AVWAP. If broken we can see selling till 1250 which is next AVWAP support.
1450-1550 is accumulation zone for the stock.
Can Accumulate with Long Term View
This is a new nomenclature, a pattern by me. A Bird Pattern.
Whenever you see a bird in the charts, its an indication that scrip is about to fly.
Though there are other technical reasons for scrip to go up, but this looked nice to share with community.
Expect 20-26% upside movement. Highly bullish.
Taking A Right Breakout Trade Can Be Really Benifical, But What If It Is A Fake Breakout , Than It Will Be A Real Pain ....
There Is No Way One Can Completely Avoid All The False Breakout , But It Is Possible To Avoid Most Of Them With Certain Strategies ,Which We Are Going To Talk About In This Post .
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So, Lets See How To Not Trade A Breakout And Avoid Fake...
HERE, you can see the price has crossed the previous resistance level and expecting to give 10% return from here
CMP- 1551
TARGET- 1700
STOPP LOSS- 1480
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
Hdfc bank was unable to break 5 month descending trend line and was forming a symmetrical triangle this week. Today it has given a breakout and has closed above the descending trend line. If the markets are range bound, we can expect a descent returns of 6-8%.
![HDFCBANK: [Diary] Experimentation with a new index](https://s3.tradingview.com/c/cUv3nJBT_mid.png "[Diary] Experimentation with a new index")
![HDFCBANK: [DIary] HDFC Bank Price Action Overview](https://s3.tradingview.com/q/QDoD5WUR_mid.png "[DIary] HDFC Bank Price Action Overview")
