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Operator Game in HDFC Bank HDFC Bank in the Month of Jan had a Major Crash falling from 1712 levels to 1363 and it broke down below Long Term Parallel Channel Around Jan last week - RBI directed LIC to take a big stake in HDFC bank, but there was absolutely no reaction in the price and it was still sustaining below the Parallel Channel Price later took support at 1363 in the Month of Feb and triggered a retracement, but the increase in Mar and April was still not enough to bring the price inside the Parallel Channel Time passed till June - now its 2nd Quarter close below Trendline if HDFC DOES NOT recover inside the channel After Election - PSU Banks were expected to Rally, Defence and Railways were expected to Rally. Defence and Railways did rally for 2 weeks but stopped right after PSU banks - never took off - but Operators played a beautiful game by Stopping the funding to Defence, Railways, and other Small & Mid Caps and PUMPED in all the Money into HDFC which triggered a massive Rally on Nifty Private Bank Index Though there was NO Special NEWS on Private Bank sector - Why did it Rally suddenly ??? No New Investments, No messages from FM - then why ? Just To bring up HDFC money was pumped in and when a high tide comes it moves even a Stalled ship - similarly other Private Banks caught fire along with HDFC (Collateral Benefit) So - why did I say today morning that Private Banks & Particularly HDFC will be FLAT to Mild Negative ???? Because.... 1. HDFC came safely with the Parallel Channel - no more push required 2. HDFC met its previous ATH resistance 1712 and after a massive rally - I knew for sure they won't pump more to Breakout of the resistance Remember the Pump in was done to SAVE HDFC not to Breakout ATH The entire Private Bank Index was brought up JUST TO SAVE HDFC - Understand the Game now ? Next Week HDFC will fall - which will pull down Bank Nifty, Private Bank index more - Its NOT a correction but rather "GASPING for AIR" after a Hussain Bolt Sprint Now that no more money would be pumped into Private Banks, the focus would shift again towards Defence, Railways and Green Energy next week Was I able to Connect the Dots 2 Quarters before to what is happening on the ground till date ? I don't need to watch any News Channels / paper / Media / Fundamentals - Just by keeping Track of Charts and How Market Moves - I can decode such a long Operator Game How does this sound ??? Like my analysis ? Please do share your opinion
NSE:HDFCBANKLong
by Stocks-n-Trends
1
NCLH looking great for a LEAPThis is not financial advice. Cruise lines took a huge hit during COVID. I have a price target of $20.64-$30 on this cruise line. Even with some pull back the ticker appears to have quite a bit of support at the 200 day ema on the 1day time frame. The fact that this is extremely oversold looking at the RSI poises a great opportunity for a run long term to the upside. I am going light on this one, with the anticipation of a decent earnings report on November 1st and increase of travel demand. If we fall below $15.30 on this ticker we can definitely assume bearish activity to a price target of $14.50. ***Disclaimer: This is not financial advice. This is for personal investment and educational purposes only. I am not a financial advisor. I cannot tell you what to buy or sell. All investments have risks, and it is important to conduct your own due diligence while practicing risk management.***
NYSE:NCLHLong
by rogers1906
Bitcoin -> Still No Bullmarket?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪 A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected. With Bitcoin retesting weekly support and looking at the overall (still) bullish picture, I do expect another weekly rejection away towards the upside. But the daily timeframe is not bullish yet so I am waiting for a couple more daily candles and a bullish reversal before a daily rally could be quite likely. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
BITSTAMP:BTCUSDLong
by basictradingtv
25
BTCUSD up 31.2K then downIn this analysis, I've identified a significant moving average (MA) crossover, indicated by the red and blue lines crossing. Historically, such crossovers often lead to price increases. Additionally, I've included a violet line which I believe acts as a catalyst for a downward movement. Once the violet line touches a candle, I anticipate the end of the upward move and the beginning of a substantial price decline. I hadn't previously considered this scenario as I was focused on other indicators and patterns. Based on my analysis, I foresee the following scenario over the comind days: Initially, the price will rise following the crossover of the red and blue lines. The price will continue to climb until the violet line interacts with a candle. Subsequently, a significant price drop is expected, targeting approximately 29500 initially, followed by around 28500. After reaching around 28K, there will be some uncertainty, necessitating a new analysis as the price may potentially drop back to 25K. Although I maintain a bullish stance, I believe a correction is imminent, as mentioned in my previous post. Currently, there appears to be a buying opportunity until the take profit (TP) level of 31200. it's not finished yet for the bulls on a high perspective. I don't think we will see an enormous price drop (below 25K), since we are still in a bullish phase anyway, which needs a correction. Remember, trading can be challenging, so conduct your own analysis and do not solely rely on my words. Stay cautious and take care. Atémak
Long
by TradeWithAtemak
1
BTCUSDT: Bullish Reversal Signal in progressJust a few moments ago, the price of BTCUSDT exhibited an fast movement down within the 25000-25800 zone, setting the stage for a compelling BUY opportunity (As I said in my previous idea) What caught my attention is the chart's depiction of a significant shift in price momentum. Take a look at the bottom purple-colored moving average (MA) line—it hits the last candle. This alignment hints at an imminent reversal in the ongoing downtrend, signaling a potentially powerful bullish surge. However, the real fireworks will commence when the purple line will cross the blue one. This event will serve as the catalyst for a definitive shift in the market sentiment, further solidifying our bullish stance. before that, the price will range near the 25000-25800 zone. With all these factors falling into place, we have a good scenario to enter a truly bullish period. And in my humble opinion I don't think the price will descend below the 25K mark, as mentioned in my previous idea post. Brace yourselves for the Bulls to seize control and propel us towards the exciting 40K+ territory. Remember, trading always carries some level of risk, so ensure you implement proper risk management strategies. Disclaimer: This analysis is solely based on my personal observations and should not be considered as financial advice. Always conduct your thorough analysis and consult with a professional financial advisor before making any investment decisions.
by TradeWithAtemak
Summer BTC Movement Scenarios (End of Summer Rally ?)Hello everyone, I would like to share with the community my first analysis ever. First thing first I am in the process of learning, so all the feedbacks are more than welcome. --------------------- Let's start, I have been watching BTC movement very closely more than ever this bear cycle. Even more so as we are more likely to enter a recession cycle within the next 12 months. Not to mention the disastrous world economic situation resulting in the spiking inflation rates, the devaluation of USD and the worst of all: Oil crisis. ------------------- July 13 After BTC started its rally to "summer moon," a sudden reversal in trend formed a wedge on the Jul 20 by a reversal in trend caused by Elon Musk's BTC announcement (short). ------------------- Jul 22 BTC price started to show premature signs of what seemed to be a regular range movement upward to retest the wedge resistance (yellow) in a natural accumulation pattern to break upward (as the wedge initially formed in an already developed up trend). But things didn't not go as expected. The first red flag was that when retesting the support, the price started consolidating longer than usual near the support area then quickly rested the closest resistance before reversion as quickly downward to retest the same support again. In other words, the consolidation happened suddenly for an unusual length of time (breaking the ranging pattern). All this, oddly near the support area. It seems to me like a failed bull trap (as buyers did not bite in) - Let me know what you guys think ? Next thing you know the BIG DUMP (breakdown) that we all witnessed a few hours ago. --------------------- To conclude this mini crash broke this short term rally as you can see on the chart I shared. Will it rally ? Will it pull back and bring us to the price levels before July 13th ? All in all, The next days will tell us for sure. The 2 decisive Macro factors will be: 1) Retail sentiment / Adaptation to this breakdown or upcoming breakdowns if there will be. 2) Big NEWS / Breaking News. Bullish or Bearish. As per my TA: I foresee that we will be pulling back one way of another towards the 21.6K in the short-term. Retesting the 19K resistance in the mid-term. Thank you for your time. Please leave a comment, any kind of support will be appreciated ! Your Truly :) --------------------- DISCLAIMER: THIS IS NOT A FINANCIAL ADVICE. These are just my own analysis and ideas about the current market. I am not a professional financial advisor. ----------------------
Editors' picks
Short
by Tradamus
64
TOTAL3 - Alt Season Could Be Just Around The CornerIn a previous idea i've compared eth price with what btc did in may- aug 2017. TOTAL3 (crypto m. cap excluding btc and eth) looks even more similar than eth does. We see clear initial fall in the summer, then barely setting new highs, before turning down, heading into the lows, maybe go even lower a bit. We should expect HUGE reversal to the upside. This is because one vital element is missing here. We haven't altseason for nearly 80% of all the altcoins. Many of which haven't even rally 1/3 of what they did in a previous cycle, even though they are listed on all major exchanges, and have a use case. (XRP, DASH, EOS, XMR, ZEC, IOTA...) I expect one final flush to come, then euphoria... I am not a financial advisor so non of this should be taken as a financial advise. Be well. CRYPTOCAP:TOTAL3 BITSTAMP:BTCUSD
CRYPTOCAP:TOTAL3
by CR35
7