HDFCBANK
HDFCBANK forcast on the weekly chart : the price did a wide gap downwards and made a decent red candle so far
on the daily chart : breaking a level and going down strong
on the 15 min chart : the price had went bellow the VWAP meaning the day will end red
personal opinion : the price will keep on going down until reaching the middle level with 80% of bouncing of it heading up
best move
daytrading : opening short positions in this week
long term traders : wait until the price reach the level and gives a clean indication of and uptrend
#HITECH 560🚀730 #NIFTY #BANKNIFTY #TCS #INFY #TATASTEEL #ITC #I#HITECH
NSE: HITECH CMP 559.30
NSE:HITECH
Target 650 ++ 730 (170)
SL 500 (60)
Return 30%+
RR ratio 3
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
BIG move ahead in banknifty.Banknifty had been spending last 7 days in a narrow range . we had seen some selling pressure but bulls were able to hold the important level of banknifty.
if banknifty closes above 38200 in daily time frame we can hold CE positions in long side for the entire week.
and if breaks down the 37360 level in the daily time frame we can see a down side move.
#TATAMETALI #TATASTEEL #TATAELXSI #TCS #TATACOMM #TATAMOTORS #IT#TATAMETALI
CMP 875
Target 1040
Sl 755
Time frame < 3 months
NSE:TATAMETALI
INVEST & HOLD NSE:TATAMETALI
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
HDFC BANK Trend AnalysisBearish divergence shown by RSI on weekly timeframe with weekly close as a strong bearish pin bar candlestick shows there is strong bearish pressure.
Do not jump to buy because of the merger and everyone is bullish.
Let the price fall to buying zone for a big rally upside.
Buying Zone is around 1100-1175 level
Target 1 2350 (100% ROI) Medium Term
Target 2 3350 (190% ROI) Long Term
All price levels mentioned above are Fibonacci levels.
This heavyweight will drag bank nifty down for sure.
This is just my analysis purely based on technicals only.
Kindly do your due diligence before trading or investing.
Peace!!
HDFC bank taken support from major support. HDFC bank looking good for buying above 1527 and stop-loss below 1480. it will move drastically because of the earnings on 13th of April. and as far the technicals are concerned its near the major resistance and already retraced 50% of the fibonacci levels.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsThe bears seemed to be in control today as well. The HDFC twins are back to "jaise the" levels as they are now around the pre-merger announcement prices. Reliance is nearing a support and Infy has neared a decider area, too. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsYesterday, we witnessed a euphoric rise in the indices owing to the news of HDFC twins' merger. Today, we saw price testing lower levels, with Nifty giving up 18k and Banknifty almost giving up 38k. VIX is higher, and Reliance is weaker. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsHDFC Twins have completely changed sentiments today, helping Nifty close above 18k and helping Banknifty gain 1500 points. In this video, let's take a look at why I had a bullish bias and how we could have analyzed this move + do our daily market analysis.