#HDFCBANK
Does it take support at the lower end of the channel and bounces back
Lets see what happens from here
More from Nikita Poojary
Covering one of the most unique set ups: Extended moves & Reversal plays
Time for a 🧵 to learn the above from @iManasArora
What qualifies for an extended move?
30-40% move in just 5-6 days is one example of extended move
How Manas used this info to book
The stock exploded & went up as much as 63% from my price.
— Manas Arora (@iManasArora) June 22, 2020
Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
Post that the plight of the
What an extended (away from averages) move looks like!!
— Manas Arora (@iManasArora) June 24, 2020
If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
Example 2: Booking profits when the stock is extended from 10WMA
10WMA =
#HIKAL
— Manas Arora (@iManasArora) July 2, 2021
Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended
Total revenue: 11R * 0.25 (size) = 2.75% on portfolio
Trade closed pic.twitter.com/YDDvhz8swT
Another hack to identify extended move in a stock:
Too many green days!
Read
When you see 15 green weeks in a row, that's the end of the move. *Extended*
— Manas Arora (@iManasArora) August 26, 2019
Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K
Folks you can check his y'days video
Although, I have learnt this extended move set up from @iManasArora 🙌
Do follow him & check his timeline for such set ups!
#BANKNIFTY
— Nikita Poojary (@niki_poojary) November 30, 2021
90degree upmove qualifies for abnormality, be cautious \U0001f6a8 pic.twitter.com/uyFCMpGOuR
I shorted the ATM CE's which Subasish Pani does, and hence I mentioned strike selection inspired by Mr. Pani!
These threads cover topics like:
• Trading
• Psychology
• Strategies (both directional & non-directional)
• Investing
• Free tools for traders
• Free technical analysis courses, etc.
Here they are all in one place!
1/ Top 26 threads from the past 26 weeks of year
Twitter is like a free university.
— Aditya Todmal (@AdityaTodmal) July 1, 2022
However, 98.8 percent of users missed out on the best content on this platform.
Here are the top 26 threads from the past 26 weeks of 2022: \U0001f9f5
Collaborated with @niki_poojary
2/ How to build your Twitter
I started at 0 and grew to 109,000 followers
— Aditya Todmal (@AdityaTodmal) July 3, 2022
Here's how we use Twitter and why:
Collaborated with @niki_poojary
THREAD \U0001f9f5 \u2193
3/ The most simple set-up of Subasish Pani -
Subasish Pani revealed the most simple, yet successful strategy: 5EMA set up!
— Nikita Poojary (@niki_poojary) July 3, 2022
Here is a thread of 23 video clips on the 5EMA set-up that will save you hundreds of hours and available to you for no cost!
5EMA set-up: \U0001f9f5!
Collaborated with @AdityaTodmal
4/Free valuable tools that helps you to trader better!
There are so many tools related to trading.
— Aditya Todmal (@AdityaTodmal) July 9, 2022
But very few provide any real value.
Here are 7 of the most valuable FREE Tools you're not using (but should be): \U0001f9f5
Collaborated with @niki_poojary
More from Hdfcbank
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+
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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.
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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.
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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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