HDFC, FIBONNACI RETRACEMENT!!HDFC is currently, very undervalued. no doubt to buy this stock in every dips.
FIBONACCI, in its 0.618 area, great time to buy, on Friday, it has given about 2.25% rise(so now its great time to buy).
same uploaded for HDFC BANK also(check the link section).
HDFCBANK
HDFC BANK, FIBONNACI RETRACEMENT!!HDFC BANK, is currently greatly undervalued, it needs to come up, and it takes about 7% in nifty 50 index, and about 27% in nifty bank.
there is no doubt to buy this stock in every dips.
BANK NIFTY VERY DETAILED ANALYSIS!!"when nifty is top, everything should be on top, when nifty crashes, the market crashes".
everything on chart is explained about the trend lines with different colours.
recently, bank nifty gave a good bull, and now a small correction it has faced.
ANALYSIS ON NIFTY 50 WAVES(check link): currently now nifty has completed its 4th wave, 5th wave will begin soon on Tuesday or Wednesday around. this impulsive movement will basically come from PHARMA AND IT sector. but there are even some large cap stock which are slow in nature and yet not completed there impulsive move. so this 5th wave will also act as a support to move those companies who are still lagging behind to complete there bull run. now if nifty50 falls, then such companies will not get a space to continue there movement, and such a thing has a very less probability to happen.
ANALYSIS ON BANK NIFTY AND ITS STOCKS: hdfc has to rise a lot, and icici has to correct in a good manner. this match will make the bank nifty to hold its position, and make it stable.
1. hdfc has a weightage of 26% in bank nifty and has to rise about 20%
2. icici has a weightage of 24% in bank nifty and has to correct about 12%
3. axis and kotak are in there trend lines, but will reach its top supporting the bank nifty.
so this 3 matches will make the bank nifty to stay within the range of (42200-38200)
i will post the same analysis in other bank with bank nifty posts too.
currently i am short on icici bank and bullish on hdfc.
UPDATE ON BANK NIFTY, ICICI AND HDFC BANK along with NIFTY 50!recently, bank nifty gave a good bull, and now a small correction it has faced.
ANALYSIS ON NIFTY 50 WAVES(check link): currently now nifty has completed its 4th wave, 5th wave will begin soon on Tuesday or Wednesday around. this impulsive movement will basically come from PHARMA AND IT sector. but there are even some large cap stock which are slow in nature and yet not completed there impulsive move. so this 5th wave will also act as a support to move those companies who are still lagging behind to complete there bull run. now if nifty50 falls, then such companies will not get a space to continue there movement, and such a thing has a very less probability to happen.
ANALYSIS ON BANK NIFTY AND ITS STOCKS: hdfc has to rise a lot, and icici has to correct in a good manner. this match will make the bank nifty to hold its position, and make it stable.
1. hdfc has a weightage of 26% in bank nifty and has to rise about 20%
2. icici has a weightage of 24% in bank nifty and has to correct about 12%
3. axis and kotak are in there trend lines, but will reach its top supporting the bank nifty.
so this 3 matches will make the bank nifty to stay within the range of (42200-38200)
i will post the same analysis in other bank with bank nifty posts too.
currently i am short on icici bank and bullish on hdfc.
HDFC BANK for date 22 sept #hdfcWatch the HDFC BANK chart I have sahred with you.
HDFC BANK is forming c wave of correction according to Elliot wave in 15 min,30 min,45 min ,1hr, 2hr ,3hr, 4hr, 1D time time frame.
That means HDFC BANK is set for its biggest correction in for the period of 4-6 months time period
I have shown the expected targets according to Fibonacci retracement levels.
If you have holding position in equity, you can wait for a day or two to gain some decimal percent profit (according to 5 min time frame)
But correction is for sure as I told you.
Buying now is of course not the wisest decision .
Good luck trading , have a great profitable day ahead.
HAS HDFC BANK GIVEN BREAK OUT/TARGETS FOR NEXT FEW MONTHS ?????Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading.
HAS HDFC BANK GIVEN CLEAN BREAK OUT ON WEEKLY CHART/BIGGER TIMEFRAME ?????
WHAT ARE THE POSSIBLE TARGETS OF HDFC BANK FOR NEXT FEW MONTHS ?????
FRIENDS, WHAT DO YOU THINK ?????
LET'S WORK & WIN TOGETHER. MANY THANKS 🙏🙏
HDFC BANK - Bullish Price Action Analysis NSE:HDFCBANK has already activated Harmonic Shark Pattern with the PRZ level 0.886 and 1.13 with target price 1480 and 1540 respectively .
BUY :
If price sustains above 1422,you will see good upside momentum in price.
SELL:
below 1422 this pattern will be invalidated.
Bank Nifty Levels & Strategy for 15/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
BANK NIFTY
Surprisingly, Bank Nifty is up again by 532 points in spite of severe fall in US/Global markets. Bank Nifty has closed 4th time in a row at new lifetime weekly high. Bank Nifty PCR at 1.62 has reached in overbought zone. BN, now trading at walking distance from lifetime high. I am really amazed with big players performance. Initial gap down was bought in few mins and then non-stop rally with profit booking in last hour. Right now, bank nifty has reached into overbought zone.
Highest open interest on call side at 41500 (Shifted up from 41000 to 41500)
Highest open interest on put side at 40000 (Remained at same 40000 level)
NIFTY
Nifty is slightly down by -66.3 points. Today, Nifty has broken down 18K level but finally closed above the 18K wall of significant open interest. PCR is down from 1.32 (bullish zone) to 1.1 (buying zone). Today, big players have turned the tide in their favour. Every retail trader is shocked to see Nifty’s performance. Nifty closed above 18K level against the odds when all of us were expecting it to close below 17800 level
Highest open interest on call side at 18100 (Shifted down from 18500 to 18100)
Highest open interest on put side at 17900 (Shifted down from 18000 to 17900)
Shall we look for buy on dips opportunity near support level & trade with strict SL? What do you think?
Please do share your comments. Have a very happy, healthy & profitable day ahead!
HDFCBANK Trade setup Idea for 09 September, 2022Banking sector is bullish now, at the current pace HDFCbank could make a quick move up towards 1520 levels.
The stock has been hitting the resistance level of 1500 and have been holding quite well, in a matter of a day or 2 the stock should show a break out.
Hdfc Bank Inverse head and shoulder On hourly time frame inverse hear and shoulder pattern is visible
Breaking above 1490 will make a successful breakout with potential target of 1513 followed by 1350
HDFCBANK trade setup Idea for 30 August, 2022HDFC has a good support at 1430 levels. This is also the level for 200 day EMA. The stock is expected to move till 1466 as target with stop loss at 1429.
Risk to reward of 1:2.25
# Bank nifty for Professional🔥👑#We Make Only Profit.
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
THIS IS WHERE YOU WANT TO BE SELLING EURUSDPair: EURUSD
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle
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Key Takeaway: We have seen a touch of our trend line(resistance) and will most defo be in tune for more bearish momentum
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Level needed: need a close by 0.99910
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Trade: Short
RISK:REWARD 1:7
SL: 30
TP: 190
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
HDFC Bank important levels HDFCBANK
Resistance and Support levels
Follow strict risk reward as per your technical knowledge...
#World Best Bank nifty for Intraday#We Make Only Profit.
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
HDFC BANKOur Yesterday Target Complete🎉🎉🎉
Now we wait next correction
today HDFC BANK Closed Price is 1468.70
next Resistance is 1472.05
next Support is 1446.70
next position is short position.
SL=1472.05 And TARGET=1446.70
we know target is high
and i think target complete in 2-3 days.
but wait and watch market.
EURJPY INVERTED HEAD AND SHOULDER BREAKPair: EURJPY
Timeframe: 4H, 1H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, inverted head and shoulders
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Key Takeaway: Seen a break of resistance, head and shoulders pattern for more confirmation, just need a push through high volume and round number level
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Level needed: need a close by 137.555
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Trade: Long
RISK:REWARD 1:5
SL: 44
TP: 230
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Bank-ruptcy.On the announcement of merger between HDFC and HDFC Bank, the stock made a climax top and has been trading below it ever since. Expecting a follow through to the downside with 1150 as my first objective.
HDFCBANK Long Term AnalysisWe expect that the price will increase. After neckline of inverse head & shoulders, the price have started to increase as expected. RSI is overbought therefore we expect the price to pull back and test the support which would be our entry for long,
Moreover, Gator shows us that the price will increase.
Stop loss below the neckline of the pattern.
The target level is shown in the chart.
NZDCAD VERY HIGH VOLUME LEVEL APPROACHPair: NZDCAD
Timeframe: 1D
Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle, n pattern
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Key Takeaway: Need a bounce off support and high volume level (blue line)
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Level needed: need a close by 0.81070
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Trade: Long
RISK:REWARD 1:7
SL: 19
TP: 129
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
COPPER PENNANT CONTINUATION TRADEWe have stuck religiously to the support trend line and are now seeing a break of resistance, once we break short term trend line upward, there will be perfect entry for bullish trade
