#HDFCBank - this heavyweight may come in to hold #nifty50 & #BankNifty - RSI 61+
Targets - 1598/1633
Supports 1500- strong support 1440
View negated below weekly close 1450
#ChartsWithMS #Nifty50 #Technicals #BankNifty
More from Forgive. Forget.
More from Hdfcbank
#HDFCBANK ~A Thread 🧵
Let's look at the Multi-TF Technical aspect~
In weekly; Price marked by converging trend lines.
Representing consolidation prior to continuing in the direction of existing trend.
Sustenance above 1531 and a break-through at 1579.35 would trigger 1640+
+
In daily; it's showing a counter-trend move that has followed after a sharp price movement.
Rejection level at 1579.35 which needs to be breached for extended upside.
Both Weekly and daily charts are indicating the resumption of the prior trend.
+
It has been on my radar since August series and I have been watching out for these levels to be neatly breached for a bullish move.
The news is also favorable for #HDFCBANK.
In their last commentary, Bank said~ the transportation finance disbursements are 110% of May numbers.
July was 40% higher than the month of June and August was twenty 25% higher than July.
+
Bank is very upbeat about it's growth in rural and semi-rural areas.
Right now they are active in total of 1 Lac villages.
Within two years they aim to expand it to 2 Lac villages as it's going to be major part of their loan book.
+
Let's look at the Multi-TF Technical aspect~
In weekly; Price marked by converging trend lines.
Representing consolidation prior to continuing in the direction of existing trend.
Sustenance above 1531 and a break-through at 1579.35 would trigger 1640+
+
In daily; it's showing a counter-trend move that has followed after a sharp price movement.
Rejection level at 1579.35 which needs to be breached for extended upside.
Both Weekly and daily charts are indicating the resumption of the prior trend.
+
It has been on my radar since August series and I have been watching out for these levels to be neatly breached for a bullish move.
#HDFCBANK
— Gurleen (@GurleenKaur_19) August 10, 2021
The setup looks favorable above 1531 for target's of 1640+#StockMarket #StocksToWatch pic.twitter.com/jbQrbjuYHy
The news is also favorable for #HDFCBANK.
In their last commentary, Bank said~ the transportation finance disbursements are 110% of May numbers.
July was 40% higher than the month of June and August was twenty 25% higher than July.
+
Bank is very upbeat about it's growth in rural and semi-rural areas.
Right now they are active in total of 1 Lac villages.
Within two years they aim to expand it to 2 Lac villages as it's going to be major part of their loan book.
+
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1. IQ is one of the most heritable psychological traits – that is, individual differences in IQ are strongly associated with individual differences in genes (at least in fairly typical modern environments). https://t.co/3XxzW9bxLE
2. The heritability of IQ *increases* from childhood to adulthood. Meanwhile, the effect of the shared environment largely fades away. In other words, when it comes to IQ, nature becomes more important as we get older, nurture less. https://t.co/UqtS1lpw3n
3. IQ scores have been increasing for the last century or so, a phenomenon known as the Flynn effect. https://t.co/sCZvCst3hw (N ≈ 4 million)
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1. IQ is one of the most heritable psychological traits – that is, individual differences in IQ are strongly associated with individual differences in genes (at least in fairly typical modern environments). https://t.co/3XxzW9bxLE
2. The heritability of IQ *increases* from childhood to adulthood. Meanwhile, the effect of the shared environment largely fades away. In other words, when it comes to IQ, nature becomes more important as we get older, nurture less. https://t.co/UqtS1lpw3n
3. IQ scores have been increasing for the last century or so, a phenomenon known as the Flynn effect. https://t.co/sCZvCst3hw (N ≈ 4 million)
(Note that the Flynn effect shows that IQ isn't 100% genetic; it doesn't show that it's 100% environmental.)
4. IQ predicts many important real world outcomes.
For example, though far from perfect, IQ is the single-best predictor of job performance we have – much better than Emotional Intelligence, the Big Five, Grit, etc. https://t.co/rKUgKDAAVx https://t.co/DWbVI8QSU3
5. Higher IQ is associated with a lower risk of death from most causes, including cardiovascular disease, respiratory disease, most forms of cancer, homicide, suicide, and accident. https://t.co/PJjGNyeQRA (N = 728,160)