Nifty, Banknifty, top stocks Analysis with imp leves!The indices saw a positive Thursday expiry, with option writers possibly making good returns thanks to a tough fight at 36,000 for Banknifty and a lack of momentum for Nifty. In fact, a directional buyer would have lost 50% premium over the past two days even though Nifty went up.
Where do you think the #stockmarket is heading?
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986, 16,040, 16,120, 16,177, 16,225, 16,349.45
Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529,
HDFC
HDFC ltd cup and handle breakout, consolidationSome correction after a breakout, sustaining about 2600 can result in the rally to start again !!
Positional - Long OpportunityThe chart is self-explanatory.
DISCLAIMER: The ideas are merely for educational purposes. Please consult your financial advisors before taking any trade. Trade at your own risk.
HDFC ::: BULLISH :::DATE: 1 AUG 2021
INSTRUMENT: HDFC
TREND: BUY
TIME FRAME: DAY
CMP: 2441.15
BUY ABOVE: 2452
STOP LOSS: 2380
TGT 01: 2550
TGT 02: -
TGT 03: -
INDICATORS FOR CONFIRMATION OF TREND
BOLLINGER BAND: BULLISH
PSAR: BELOW CANDLE
RSI: BULLISH
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
A wedge and a Black Line Vicinity EXPIRYBanknifty has formed a wedge on 240H timeframe which gives a sense that the index might get re stuck before uplifting to a greater HIGH. However Expiry is to be well planned so that our actions be clear when we trade . Heres above the Three Possibilities and possible travel path for #BANKNIFTY
HDFCAfter a long consolidation for almost 6 months , the stock has formed an triangular structure
and has given a breakout with good intensity of volume in hourly time frame, assuming wave e to be complete around 2400-2440 area ,
one can buy the stock on cmp and add on dips if any, maintain the stoploss of 2350 and look
for the target of 2626, 2793, 2929, and 3050.
Wave Structure in daily time frame
Key Levels and Trendline
Daily MACD Uptick and positive crossover
Hourly MACD
Rsi above 60 in hourly
Positive ungali setup
Volume is above average
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
HDFC Small Correction ExpectationHi Traders,
Inside Bar Breakout 1H frame
Entry Yellow Below Breakout (avoid Gap-Up)
Sl make candle High
Its Profit Making Strategy
Simple & best techniques for Trading called S&D Zone easy to understand for making Profitable Trade. Believe Price Action, has the potential to change your trading lives.
Thanks & regards
Sakthi
hdfc long opportunityforming a ascending triangle into a major resistance
its been long hdfc playing in these price ranges
now accumalation can be seen arounf these price levels
so high probability for a big move
i'm bullish
bounce from downtrendtrying to come out from a downward channel
wait for channel to break
200 sma is nearby and stock has taken support from it
HDFC Looking BullishHDFC Looking Bullish Above 2535 can give good Movement in upside can touch 2600-2700 in coming days
HDFC - Good position to add - Swing/InestmentIt is rightly said - While looking for the next HDFC, don't forget the original one.
The above analysis is done purely on basis of Price Action & Chart Patterns. The logic behind this is mentioned in the image itself.
I am not mentioning any levels for entry or SL or Target. Reason behind that - Its neither too early nor too late to enter a stock like HDFC. Traders may take advantage of this analysis in short term trading or investment as per their own study and capacity.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
HDFCAMC- ready for another Impulsive move to the upsideLooks like ABC correction has completed and another series of impulsive wave to start. Taken support at 50% Fib retracement level and broken out of diagonal trendline resistance. Fundamentally speaking, one of the leaders in Asset management and belongs to reputed HDFC group.