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HDFCBANK

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!
NSE:BANKNIFTY
by manishmgupta
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 ————— Key Takeaway: We have seen a touch of our trend line(resistance) and will most defo be in tune for more bearish momentum ————— Level needed: need a close by 0.99910 ————— Trade: Short RISK:REWARD 1:7 SL: 30 TP: 190 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
6
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 ————— 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 ————— Level needed: need a close by 137.555 ————— Trade: Long RISK:REWARD 1:5 SL: 44 TP: 230 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long
by TheGoldRoom
2
HDFC BANK #HDFC Bank 15 MIN TF.............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
NSE:HDFCBANKLong
by pas_infinity
HDFC Bank Levels & StrategyDear traders, I have identified levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2. Will HDFC Bank breakout above important resistance zone and continue to move-up? OR Profit Booking will bring down HDFC Bank to near major support levels?
NSE:HDFCBANK1!
by manishmgupta