Raising Wedge PatternHDFC has formed raising wedge pattern currently it is on demand level, expected to consolidate between current demand and next immediate supply level as long as not closing above immediate supply zone expected to break the wedge pattern and reach the downwards target.
lets' see...
HDFC
Nifty, Banknifty and top stocks analysis for tomorrow + levelsBFSI stole the show today, but mid-day price action was very sluggish. What's your view on the markets?
Hdfc price actionThis is just for learning: Not for any trade or investment.
1st zone -
These zones are very good: as well as sector support and monthly zones.
2nd zone-
Another zone below this zone: which is good: if the 1st zone does not work, then this zone will be our backup plan,2nd zone will depend on how much price bounce on the market and sector
Nifty, Banknifty and top stocks analysis for tomorrow + levelsWe saw a stellar intraday recovery in the market today, with the key performers being SBIN and Axis Bank. Kotak Bank recovered 5% from highs. Yet another day for the banking sector. What's your view on the market?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsNifty retested 17k, kicking off the pre-budget week with a bang. India VIX gains massively to 22.83. Banks, while relatively better, still slipped. What's your view on the market?
HDFC BankFor Educational Purpose ONLY.
A rising wedge is formed by two converging trend lines when the stock’s prices have been rising for a certain period.
Before the line converges the sellers come into the market and as the result, the prices lose their momentum.
This results in the breaking of the prices from the upper or the lower trend lines but usually, the prices break out in the opposite direction from the trend line.
Depending upon the location of the rising wedges it indicates whether the trend will continue or reverse.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsNifty managed to inch higher, but banks slipped considerably. Despite the selling SBI and ICICI Bank managed to hold their grounds well, while HDFC Bank and Kotak Bank were the key draggers. What's your view for the week's finale?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsNifty has closed above 18k once again. Do you think the bulls will be able to hold on to this level? Infosys and TCS results are awaited!
Nifty, Banknifty and top stocks analysis for tomorrow + levelsThe markets ended on an indecisive note today, but closed the week in green. ICICI Bank seemed to outperform. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsThe indices seem to be in a fix as India VIX has hit a six! Today's move by itself doesn't seem that alarming, but IMO it's good to be cautious now as the Q3 results season awaits us!
Nifty, Banknifty and top stocks analysis for tomorrow + levelsBanks were the clear outperformers today, and that's saying something given that Nifty closed above 17.9k. All eyes on tomorrow's expiry now. Things look interesting given that India VIX has climbed, too. What's your view?
HDFC BULLISHhdfc bullish above 2585 closing on 15 min time frame
forming higher low and consolidating in triangle formation
Nifty, Banknifty and top stocks analysis for tomorrow + levelsDaily analysis of Nifty, Banknifty and the top stocks. How do you think the indices would close the week, month and year tomorrow?
HDFC trading ideasHDFC LTD buy above 2600 target 2700+ good opportunity sl 2540 everything looks good
Nifty, Banknifty and top stocks analysis for tomorrow + levelsMarkets saw yet another positive day as they approach a key level of 17,300. Will Nifty move towards the decider 17,600 or will we see yet another retest of 17k? What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsIn classic Monday fashion, we witnessed some selling today, but the intraday buying was strong enough for most top stocks to close considerably in the green and hold above previous close. This might be a positive sign in terms of sentiments. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsAnother day of positivity in the markets, but all isn't as rosy this time. We saw several stocks, including ICICI Bank slipping and failing to hold on to higher levels. While this is to be expected given the market's context, it does goes to show that the bears still pose a very real threat! What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsDespite a very strong open today, the indices (and the top stocks) tumbled. Clearly, this isn't a very bullish sign. Could we be in for a Christmas treat?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsToday saw a sharp first-half selloff followed by a 50% recovery in the PM session. Could this be the first hint of the beginning of a short covering by the bears? Either way, Nifty and Banknifty, along with large caps, might be at good levels for accumulation. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsThe market saw a volatile expiry today, despite relatively bullish global cues. Bank of England has hiked rates, will the Indian markets react?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsWill the bears drag Nifty down below 17k again? Today we saw yet another seller-biased day, with Bajaj twins dragging the market yet again.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsDaily market analysis of Nifty, Banknifty and top stocks after the v-shape recovery intraday.
