Economic Nerd: May 2020

Tuesday, May 5, 2020

HDFCBANK. ::: SHORT

My analysis of HDFCBANK.

05 MAY 2020
INSTRUMENT: HDFCBANK

TIME FRAME: DAY
OTHER TIME FRAMES FOR CONFIRMATION:
4 hr. DAY, WEEK

INDICATORS AND THEIR TRENDS:
PSAR: Bearish
STOCHASTICS: Bearish
SUGGESTED TREND: Bearish

End of day levels
CMP: 911.45
Sell below: 911
SL: 915.30
TARGET 01: 905.58
TARGET 02: 901.77 – 901.38

My analysis of HDFCBANK is expected to gap down and will mull slowly down giving a sluggish move to sideways trend tomorrow. The problem will start If it stays below 901.38 levels if so then we may see a bearish trend in HDFCBANK for some more time.

RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS the views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.

My analysis of HDFCBANK on www.tradingview.com

Monday, May 4, 2020

BANKNIFTY ::: Short

My analysis of BANKNIFTY

04 MAY 2020
INSTRUMENT: BANKNIFTY

TIME FRAME: DAY
OTHER TIME FRAMES FOR CONFIRMATION:
3 hr . and 4 hr.

INDICATORS AND THEIR TRENDS:
PSAR: Bearish
STOCHASTICS: Bearish
SUGGESTED TREND: Bearish

End of day levels
CMP: 21478.45
Sell below: 19694.12
SL: 19799.94
TARGET 01: 19420.23
TARGET 02: 19303.15 - 19280

My analysis of BANKNIFTY is expected to gap down and will mull slowly down giving a sluggish move to sideways trend tomorrow. The problem will start If it stays below 19280 levels if so then we may see a bearish trend in BANKNIFTY for some more time.

My analysis of BANKNIFTY on www.tradingview.com

Saturday, May 2, 2020

My analysis of BANKNIFTY

INSTRUMENT: BANKNIFTY

TIME FRAME: DAY
OTHER TIME FRAMES FOR CONFIRMATION:
30 min, 1 hr. 2 hr. 3 hr. and 4 hr.

INDICATORS AND THEIR TRENDS:
PSAR: Bearish
STOCHASTICS: Bearish
SUGGESTED TREND: Bearish

End of day levels
CMP: 21478.45
Sell below: 21397
SL: 21458.70
TARGET 01: 21245
TARGET 02: 21177

My analysis of BANKNIFTY based on price action is that if BANKNIFTY does not close in green on Monday and comes down below 20137 then 19519 & 19280 may become reality.

My analysis of BANKNIFTY on www.tradingview.com

Risk Disclosure

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Tuesday, May 5, 2020

HDFCBANK. ::: SHORT

My analysis of HDFCBANK.

Monday, May 4, 2020

BANKNIFTY ::: Short

My analysis of BANKNIFTY

Saturday, May 2, 2020

My analysis of BANKNIFTY