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HDFC BREAKOUT Hi guys, Its me Guruzzz HDFC Breakout A "breakout" in the context of stock trading typically refers to a situation where the price of a stock moves above a resistance level or below a support level with increased volume. For HDFC (Housing Development Finance Corporation), a breakout could signify a significant upward or downward movement in the stock price, suggesting potential buying or selling opportunities for traders. Indicators of a Positive Breakout: Price Movement: If HDFC’s stock price breaks above a key resistance level, it indicates a bullish trend. Volume: Increased trading volume during the breakout confirms the strength of the movement. Technical Indicators: Positive signals from technical indicators such as moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence) can support the breakout. Positive Words About HDFC Strong Financial Performance: Consistent Growth: HDFC has demonstrated consistent growth in revenue and profitability over the years, reflecting its robust business model and strategic vision. Solid Asset Quality: The company's focus on maintaining a high-quality loan portfolio has ensured minimal non-performing assets (NPAs), contributing to financial stability. Market Leadership: Industry Leader: HDFC is a market leader in the housing finance sector in India, with a strong presence and extensive reach across the country. Reputation and Trust: The brand is synonymous with trust and reliability, having established a strong reputation among customers and stakeholders. Innovation and Adaptability: Technological Innovation: HDFC has been at the forefront of adopting technology to enhance customer experience, streamline operations, and improve efficiency. Product Diversification: The company offers a wide range of financial products and services, catering to various customer needs and preferences. Strong Management Team: Experienced Leadership: HDFC's leadership team comprises experienced professionals with a deep understanding of the financial industry, driving the company's strategic initiatives. Visionary Strategies: The management's forward-thinking strategies have enabled HDFC to navigate market challenges and capitalize on growth opportunities. Corporate Governance and Social Responsibility: Robust Governance: HDFC adheres to high standards of corporate governance, ensuring transparency, accountability, and ethical practices. Social Impact: The company is committed to corporate social responsibility (CSR) initiatives, contributing to social development and community welfare. Conclusion HDFC's breakout indicates potential positive momentum in its stock price, driven by strong financial performance, market leadership, innovation, experienced management, and commitment to corporate governance and social responsibility. These attributes make HDFC a reputable and reliable company in the financial sector. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
NSE:HDFCBANKLong
by Guruzzz
NIFTY INTRADAY LEVELS FOR 3rd JULY 2024BUY ABOVE - 24160 SL - 24060 TARGETS - 24240,24330,24450 SELL BELOW - 24060 SL - 24160 TARGETS - 23990,23900,23800 NO TRADE ZONE - 24060 to 24160 Previous Day High - 24240 Previous Day Low - 24060 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY - Trend ContinuationAs it happens there seems to be some strength left in the bullish cycle. This is based on the fact that the trendlines that were resisting till now can't hold it anymore & need much stronger resistance which is where the market is headed (to 24,300 levels) All of this analysis is attributed to the development of interim weekly correction that collapsed the overall wave analysis done earlier (it calls for an additional 3 waves --> UP-DOWN & UP) Strategy: Long only if the market stays above 23,680 with a limited position only SL: 23,620
NSE:NIFTYLong
by WDG_Dinesh_Gengarajan
NIFTY INTRADAY LEVELS FOR 2ND JULY 2024BUY ABOVE - 24160 SL - 24100 TARGETS - 24280,24380,24480 SELL BELOW - 24010 SL - 24100 TARGETS - 23900,23800,23740 NO TRADE ZONE - 24010 to 24160 Previous Day High - 24160 Previous Day Low - 24010 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty Intraday (02-Jul-2024)An intraday trading chart for the Nifty 50 Index on July 2, 2024, captured in 15-minute intervals. Here's a detailed overview of the chart: Candlestick Format: Utilizes candlestick bars to depict price action for each 15-minute period, indicating open, high, low, and close prices. Exponential Moving Average (EMA): A blue line representing the 20-period EMA is visible, which helps traders identify the trend's direction and dynamic levels of support or resistance. Trading Signals: -Buy Signal: A green arrow points upwards, suggesting to buy if the Nifty exceeds 24,150, with an open target potentially reaching or surpassing 24,275. -Sell Signal: A red arrow pointing downwards indicates a selling opportunity if the index falls below 24,075, with a target of 22,950. Technical Analysis Overview: The chart illustrates the Nifty's price movements within a sideways to an upward trend, using the EMA line as a reference point for potential support or resistance levels. The annotations provide strategic entry and exit points based on specific price thresholds.
NSE:NIFTY
by Praveenmor7
MY VIEW IN NIFTY 50 FOR TOMORROW SETUP(02.07.2024)Hi guys, Its me Guruzzz there will be lot of gap up or gap down will happen, a small alteration will makeup otherwise its nothing to happen in the chart setup let see for tomorrow guys,..., Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
NSE:NIFTYLong
by Guruzzz
Nifty Higher Highs! Nifty has been seen gone bonkers and making swift moments upwards, without giving any breather to option writers. India VIX too marching along nifty(as suggested in previous post). Here in this study, on the left, I highlight the fund managers' chart or Quarterly Chart of Nifty. With help of #Elliot wave principles, I have marked the #Fibonacci Extension level on the lifetime chart of Nifty. Interestingly, Fibonacci levels have acted as major #Resistances. We have see big corrections only at these levels. We had expected Nifty to spend some more time at 2.6 Fib levels or 18000. But, Nifty has surpassed this 2.6 Fib Level and now heading towards 3.6 Level or ~24250. Before that I do not foresee any major correction! Note how Quarterly 50 EMA as been the lifeline or rock solid #support, even in time of distress. On the right, is the post-covid rise of Nifty on Monthly time-frame. I have plotted EMAs and MACD. Very beautifully price has mostly been above monthly 5 EMA to continue its upwards journey. Monthly 13 EMA and 26 EMA have acted like good support, ideal for swing entries. Currently price has broken out of the 2023 #Flag&Pole pattern. Zooming towards the next Target ~24250. Here I would like to draw your attention on #MACD. The rise after the covid-fall had given us positive crossover. And it is only now that we are getting a positive crossover which has now sustained with the flag breakout and aiming upwards. Isn't it a great confirmation. It is buy on dips all the way, provided you get those dips now ;-) Note: Current Monthly candle is still a running candle. It can even close at lower levels or turn negative. So is the case with the Quarterly candle. But this will not change our view. Our view will still be bullish towards our next target ~24250, just that the momentum might get slow and that we might take more time to reach our target.
NSE:NIFTYLong
by TradeRight_by_VP
2
Nifty Intraday (01-07-2024)The image displays a trading chart for the Nifty 50 Index, showing a 15-minute interval, as observed on July 1, 2024. Here are the key features of the chart: Candlestick Format: Each bar represents a 15-minute trading interval with indications of opening, high, low, and closing prices. Exponential Moving Average (EMA): A blue line represents the 20-period EMA, providing insight into the trend's direction and potential support or resistance levels. Trading Signals: -Buy Signal: A green arrow suggests buying if the Nifty moves above 24,035, with an open target above 24,150. -Sell Signal: A red arrow indicates a selling position if the index drops below 23,950, aiming for a target of 23,825. Technical Overview: The chart captures the intraday movement of the Nifty index, illustrating volatility and potential trading zones based on the EMA and past performance.
NSE:NIFTY
by Praveenmor7
NIFTY INTRADAY LEVELS FOR 01/07/2024BUY ABOVE - 24160 SL - 24100 TARGETS - 24280,24380,24480 SELL BELOW - 24010 SL - 24100 TARGETS - 23900,23800,23740 NO TRADE ZONE - 24010 to 24160 Previous Day High - 24160 Previous Day Low - 24010 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
ALERT - Indigenously developed Nuclear Submarine heading NEindigenously developed Nuclear Submarine " Pattern " - by Reliance Industries - is Heading NE Targets Locked and Loaded 1st Target - 32* N, 10*E (Rs. 3,210) 2nd Target - 35*N, 25*E (Rs. 3,525) 3rd Target - 40*N, 20*E (Rs. 4,020) 4rd Target - 48*N, 28*E (Rs. 4,828) Sorry folks - When I saw this pattern - I couldn't just control myself and came up with this Prank 🤣😆😄🤩 Anyways, Reliance Industries has broken out of a Box Pattern and is ready for a Blast
NSE:RELIANCELong
by Stocks-n-Trends
Nifty Short, Medium & Long Term view 1Jul-24 to Jul-24Nifty Short, Medium & Long Term view 1Jul-24 to Jul-24 Nifty closed at 23010 (23501) and touched low & high of 23351-24170 Post Election and govt formation market sustained above k5ey resistance at for two weeks after a dip to 21286. RSI and stochastics levels was marginally down last week (68.5 % & 90% Respectively). Stochastic still in overbought levels. Retain the statement for almost a month, Market need to cross 24150 as two trend line resistance ( Shown in the Chart), one with low risk can book partial profit and can wait for market to correct to reinvest. Market depends on the new budget and Q1 results expected in Jul 24. Market have high potential to touch Psychological 25000 Mark. Nifty 24010- Short term (Neutral ) Nifty have resistance at 24280/ support around 22600. Nifty at PE 22.9 crossed 3 year historical average 22.5 hence to be cautious. Short term support 22600( trendline), 22200 ( Trend Line) and 21700 Trend line Support as shown in the chart. Medium term resistance 24280 ( Trendline and % of difference between Mar 23 low and Sep 23 high low from Sep23 high shown as vertical line) medium term Support - 22000 Long Term Nifty have strong resistance at 25000 ( Trend Line). If market close above 24150 decisively. Support at 20800 ( Fib Support) 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). All Companies so far posted average results other than Bank & Finance stocks which posted Good results thats why it is evident Nifty Bank have grown better than Nifty, Nifty IT and Nifty Auto in last 2 months. Nifty bank 52342 (51661)- As proposed from 47250 level nifty bank jumped more than 10%. Caution to be emphasised as nifty bank reached critical resistance. It need to cross and move up decisively this current zone. Slowly Can consider to book partial profits in Nifty Bank on every rise. Investment decision in Nifty bank, bank stocks helped in portfolio. Stock Picking is needed at this crucial nifty, Nifty Bank, Nifty auto, Nifty Pharma stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank ,ICICI Bank, HDFC Bank, SBI ( Buy on dip) and Indus Ind Bank ( Buy on dip). Following Finance Stocks can be added as it posted good results are Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Coforge & persistent Sys can add these stocks to portfolio. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Comments : Post Elections, if Market need to grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5% ( in span of 2-3 years ). US fed rate reduction also expected from Aug/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT 36157 (35086), indices broke the Major support at 33350 and went down upto 32420. Tech stocks revived in last two trading session. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 35786 ( Fib) to reach 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks.
NSE:NIFTY
by karthikss
NIFTY INTRADAY LEVELS FOR 28 JUNE 2024BUY ABOVE - 24100 SL - 24010 TARGETS - 24200,24280,24380 SELL BELOW - 24010 SL - 24100 TARGETS - 23900,23800,23740 NO TRADE ZONE - 24010 to 24100 Previous Day High - 24100 Previous Day Low - 23800 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty Important Levels and Trade Plan - 27 JuneKey Levels: 23,890: Major resistance, strong selling pressure observed. 23,750: Intermediate resistance, potential for minor pullbacks. 23,660: Crucial support, frequently tested during pullbacks. 23,600: Strong support, potential base for upward movement. Please note: These levels are intended for intraday trading only. Disclaimer: All information provided is for educational purposes only. We are not SEBI registered. Please consult a SEBI registered financial advisor for your financial matters before making any investment decisions. We are not responsible for any profit or loss incurred. We appreciate your support and engagement. Please like, comment, and follow to provide encouragement. Happy trading! 👍
NSE:NIFTY
by piswingtraders
NIFTY INTRADAY LEVELS FOR 27 JUNE 2024BUY ABOVE - 23890 SL - 23840 TARGETS - 24000,24080,24150 SELL BELOW - 23800 SL - 23840 TARGETS - 23750,23700,23660 NO TRADE ZONE - 23800 to 23890 Previous Day High - 23890 Previous Day Low - 23660 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY : Trading Levels and Plan for 27-Jun-2024Here is a detailed trading plan for NIFTY Index on 27-Jun-2024 considering various opening scenarios. The plan includes steps for Gap Up, Flat, and Gap Down openings. **Scenario 1: Gap Up Opening (100+ points)** **Initial Action:** Monitor the price action and volume around the important resistance zone at 23,925.00 - 23,885.55. **Profit Booking Zone:** If the price sustains above 24,105.00, look for opportunities to book profits. **Resistance Rejection:** If the price faces rejection from the resistance zone (23,925.00 - 23,885.55), expect a pullback towards the opening support at 23,703.00 - 23,682.00. **Support Confirmation:** If the price holds above the opening support zone, consider entering long positions with a target towards the resistance zone again. **Breakdown:** If the price breaks below 23,682.00, expect a further decline towards the last support of the current trend at 23,610.00 - 23,584.00. **Scenario 2: Flat Opening** **Initial Action:** Observe the price action and volume in the sideways and profit booking range (23,885.55 - 23,801.49). **Breakout Entry:** If the price breaks above 23,925.00 with strong volume, enter long positions targeting the profit booking zone (24,105.00 - 24,151.00). **Range Trading:** If the price remains in the sideways range (23,885.55 - 23,801.49), consider scalping opportunities within this range. **Support Test:** If the price drops towards the opening support (23,703.00 - 23,682.00), look for a reversal signal to enter long positions. **Breakdown:** If the price falls below 23,682.00, expect a move towards the last support of the current trend at 23,610.00 - 23,584.00. **Scenario 3: Gap Down Opening (100+ points)** **Initial Action:** Evaluate the price action and volume around the opening support at 23,703.00 - 23,682.00. **Support Reversal:** If the price finds support and reverses from this zone, consider entering long positions targeting the sideways range at 23,801.49. **Breakdown Continuation:** If the price fails to hold the support and breaks below 23,682.00, prepare for a further decline towards the last support of the current trend at 23,610.00 - 23,584.00. **Extended Support:** In case of further weakness, watch the extended support zone at 23,559.00 for potential reversal opportunities. **Recovery Signal:** If a recovery signal appears above the last support zone, consider entering long positions targeting the opening support again. **Summary and Conclusion** For 24-Jun-2024, closely monitor the key levels and price action for potential trading opportunities. In case of a gap up opening, watch the resistance zone and look for profit booking opportunities. For a flat opening, trade within the sideways range and look for breakout or breakdown signals. In the event of a gap down opening, focus on the support levels for potential reversals or continuation patterns. **Disclaimer:** I am not a SEBI registered analyst. This plan is for educational purposes only and not an investment advice. Always conduct your own research and consult with a professional financial advisor before making any trading decisions. Good luck with your trading on 27-Jun-2024!
NSE:NIFTYShort
by LiveTradingBox
NIFTY INTRADAY LEVELS FOR 26 JUNE 2024BUY ABOVE - 23750 SL - 23700 TARGETS - 23800,23870,23930 SELL BELOW - 23700 SL - 23750 TARGETS - 23660,23610,23570 NO TRADE ZONE - 23700 to 23750 Previous Day High - 23750 Previous Day Low - 23570 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BANKNIFTY - Trading Levels and Plan for 26-Jun-2024Considering the chart and various opening scenarios, the following detailed trading plan is formulated for the Nifty Bank Index on 26-Jun-2024. The trading strategies are based on three opening scenarios: Gap Up, Flat, and Gap Down, with a gap opening threshold of 150+ points. Gap Up Opening (150+ points): If Nifty Bank Index opens above 52,800: - Wait for a pullback towards the "Sideways / No Trade Zone" around 52,670. If the index holds this level, initiate a long position. - Target 53,082 initially, followed by 53,260 and 53,492 (Profit Booking Zone). - Place a stop loss below 52,670. If the index opens between 52,670 and 53,000: - Look for a retracement towards 52,670 and observe price action. If support is confirmed, enter a long position. - Target the profit booking zone at 53,082 and 53,260. - Stop loss should be placed below 52,441. Avoid entering trades directly at the opening and wait for confirmation of support or resistance levels. Flat Opening: If the Nifty Bank Index opens around 52,630: - Monitor the price movement in the first 15-30 minutes. - If the index moves above 52,670 and sustains, enter a long position targeting 53,082 and 53,260. - Stop loss can be set at 52,441. If the index drops below 52,441 after the opening: - Look for a shorting opportunity targeting 52,292 and 52,178 (Buyers Support at BoS). - Stop loss should be placed above 52,670. Avoid trading within the "Sideways / No Trade Zone" until a clear direction is established. Gap Down Opening (150+ points): If the Nifty Bank Index opens below 52,441: - Wait for a pullback towards 52,441. If the index faces resistance, initiate a short position. - Target 52,292 and 52,178, followed by 52,059 (Buyers Support at BoS). - Place a stop loss above 52,670. If the index opens between 52,178 and 52,441: - Look for a retest of 52,178. If support holds, consider a long position. - Target 52,441 and 52,630. - Stop loss should be placed below 52,059. Avoid entering trades directly at the opening and wait for confirmation of support or resistance levels. Summary and Conclusion: The trading plan for 26-Jun-2024 focuses on key levels of 52,670 (Sideways / No Trade Zone), 52,441, and 52,178 (Buyers Support at BoS). For a Gap Up opening, the strategy is to look for long opportunities after a pullback to support levels, targeting the profit booking zone. For a Flat opening, monitoring the initial price action is crucial before taking positions. For a Gap Down opening, the approach is to look for shorting opportunities on resistance levels and target the support zones. Disclaimer: I am not a SEBI registered analyst. The above analysis is based on personal observations and is for educational purposes only. Please consult your financial advisor before making any trading decisions.
NSE:BANKNIFTY
by LiveTradingBox