Hdfc bank

1460 gap resistance

Exit there https://t.co/J1I9KvRwIX

More from Pramod Sharma🕉️🇮🇳

Conditions

rsi >50
RSI avove ma60
Price above ema 60


It is for indicators lovers.. i see rarely but as per my experience enough setup if one is follow with descipline

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+

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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.


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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MDZS is laden with buddhist references. As a South Asian person, and history buff, it is so interesting to see how Buddhism, which originated from India, migrated, flourished & changed in the context of China. Here's some research (🙏🏼 @starkjeon for CN insight + citations)

1. LWJ’s sword Bichen ‘is likely an abbreviation for the term 躲避红尘 (duǒ bì hóng chén), which can be translated as such: 躲避: shunning or hiding away from 红尘 (worldly affairs; which is a buddhist teaching.) (
https://t.co/zF65W3roJe) (abbrev. TWX)

2. Sandu (三 毒), Jiang Cheng’s sword, refers to the three poisons (triviṣa) in Buddhism; desire (kāma-taṇhā), delusion (bhava-taṇhā) and hatred (vibhava-taṇhā).

These 3 poisons represent the roots of craving (tanha) and are the cause of Dukkha (suffering, pain) and thus result in rebirth.

Interesting that MXTX used this name for one of the characters who suffers, arguably, the worst of these three emotions.

3. The Qian kun purse “乾坤袋 (qián kūn dài) – can be called “Heaven and Earth” Pouch. In Buddhism, Maitreya (मैत्रेय) owns this to store items. It was believed that there was a mythical space inside the bag that could absorb the world.” (TWX)