SiddRidd

SiddRidd

HDFC BANK NSE:HDFCBANK has completed its move from 2 years and starting on new wave 1. Keep buying for higher targets of 1842 & 1992(in long term). We may see wave 2 correction after some time, that should be the used as accumulation opportunity. As a immediate SL, you can use 1600 on closing basis which is value area low for today.

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TechM Mahindra looks bullish on chart with immediate target of 1080 with conservative SL of 1027 . It's already buy on ichimoku cloud for some time now, its trending upwards in MACD and now has given good breakout over trend line.

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There's no worse feeling than having the market go up and Still see your portfolio in negative and wondering why my stocks are not recovering ? Its because FII's, smart investors, LIC and bigger investment groups have churned sectors, rotated money into new sectors. Corona virus brought new opportunities and shut door on some business(which were stars earlier)...

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Good Evening Friends, Nifty looks to be showing making top at 10600 levels. If Monday shows a negative closing, it will confirm evening star which usually gets formed at top and looks for bearish reversal(on daily charts). Looking closely at 15 min chart, it RSI shows negative divergence on 3rd July closing. For Trend to reverse nifty will need to go and test...

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BandhanBank can be shorted with immediate target of 326. Below this level 303 looks to the important target below which current uptrend will be completely change. StopLoss should be used as 342-345 above which original trend continues. Current pull back has been on falling volumes. Although that is typical of any flag structure but this should pull it down to...

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Good Evening Friends, Nifty is showing negative divergence on Charts on closing basis. For this little uptrend to be intact we should test 10167 in coming session. If we break below this level we may test 10048. But should we break below 9929, this will nullify this little uptrend completely and we will head towards 9954. Tomorrow Gap down is expected and 1st...

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HDFCBank can be shorted with immediate target of 1016.90. Below this level 1002 looks to the important target below which current uptrend will be completely change. StopLoss should be used as 1074-1078 above which original trend continues. Current pull back has been on falling volumes. Although that is typical of any flag structure but this should pull it down...

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Bajajfinsv has breakout with larger volumes(highest in 3 months). It has also broken its major resistance shown in chart. Looks good for target of 6231 and higher targets. keep StopLoss @ 5550- 5557. Chart also shows breakout levels and other resistance from past. Please note that all levels are on closing basis and based your trades on individual risk appetite.

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GodrejProp has breakout with larger volumes. It has also broken its major resistance shown in chart. Looks good for target of 955 and higher targets. keep StopLoss @ 826- 862. Chart also shows breakout levels and other resistance from past. Please note that all levels are on closing basis and based your trades on individual risk appetite.

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KotakBank has breakout of Symmetrical Triangle. KotakBank 1652 target in 2nd week of July KotakBank is consolidating after breakout buy in current range 1320-1340 with SL of 1250. BankNifty also looks positive, check out in another idea

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Let's Learn and Earn. Elliot wave mostly if identified correctly helps in discovering important psychological levels. Bank Nifty Second waveform can start and wave 5 for previous wave form is complete with correction of ABC. Today's last 15 min start of new likely wave of Bank Nifty is beautifully mapped on 15min Chart for your consumption. Also if it enters...

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Triangle Breakout and Long term Channel Breakout augurs well for Nifty. 2nd Wave also complete at 10050. Targets for 10616 looks imminent. First Target looks to be 10308 for previous Gap to be filled.

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ICICIPru has given a breakout after 30 March Channel. Immediate target looks for 401 and then correction till 395.2 and then target of 437 with correction till 432 and then final March towards 445.6. No Target Correction 1. 401 (Correction till 395.2) 2. 437 (Correction till 432) 3. 445.6 It has also completed its first 4 wave form

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HDFCBank short at 955 with SL of 960 for 5 min chart closing. Target 934. Follow strict levels. Time frame 1-2 days

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Nifty has broken out of triangle after March. The move final target if 9889. It may correct a little bit till 9247 but should be supported by complex pullback. Immediate support is at 9436. But it can test 9375 intraday to final support at 9247.

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HDFC closed above its struggle zone of 875-890. Many times it has tested this zone in past 2 months to breakdown or breakout. If it manages to stay above 907 on morning og 28 May, buy for target of 920 and then 940. 30 Day EMA is at 907, pls create position only above this.

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Larger waveform of 8 waves is complete. 1-5,A-C. New wave 3 is starting which will be steepest and fastest, target of 5591.

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Maruti has formed complete cycle of 8 Waves making it part of larger Wave 1. A small correction was visible in intraday chart as wave 2. Starting of wave 3 which will be fastest and steepest for target of 5591.