Sectoral Relative Strength Study
#Weekly

1. Nifty IT : On the verge of Flag BO-Strong RS
2. CnxFMCG :Retracing towards Breakout Zone-Weak RS
3. BankNifty :Digesting Gains after Breakout. RS needs to prove more during Pullback
4. CnxAuto :RS is shaping up well-Good on Pullback

#GujratGas
#Daily

#Correction - It is a 120 min Chart !!!

#SBI
#Daily

Doing all the right things - Nice Setup !!!

#Naukri (InfoEdge)
#Daily

Expecting some #Bullish Momentum as long as 20 SMA is held!!!

#Nse #TradingView #TA

How to identify momentum stocks for intraday trading

Explained in detail with examples with a scanner to scan stocks(link in youtube description)

https://t.co/wf4EOV9Ktt

#trading #youtube #markets

Is HDFC undervalued ?

Market capitalisation of HDFC is 3,10,478 Crores. But HDFC houses listed holdings worth 2,19,437 Crores and several unlisted businesses.

FY20 profit was 21,435 Crores. Setting aside the holdings, HDFC is trading at a PE of 3-4.

Let's dig deeper. A thread.

About HDFC

They are the leaders in housing finance.

AUM: 5,16,773 Crores
Secured Lending: 97%
CAR: 17.6%
NIM: 3.4%
Average Individual Loan: 27 Lakhs
Deposit Agents: 24000
Employees: 3095
Assets Per Employee: 163 Crores
Profit Per Employee: 3 Crores
Auditor Fees: 5.28 Crores

HDFC Bank

HDFC owns 21.24% of HDFC Bank. The stake is worth 1,22,812 Crores. In FY20 HDFC Bank paid a dividend of 864 Crores to HDFC.

HDFC sources 26% of the loans through HDFC Bank. HDFC Bank has the right to buy 70% of the loans sourced.

Performance of HDFC Bank:

HDFC Life

HDFC owns 51.44 of HDFC Life. The stake is worth 61,779 Crores. HDFC Life didn't pay a dividend last year adhering to the suggestions from IRDAI.

RBI has directed HDFC to bring its shareholding in HDFC Life to 50% by 16th December 2020.

Performance of HDFC Life:

HDFC AMC

HDFC owns 52.7% of HDFC AMC. The stake is worth 27,230 Crores. Last year HDFC AMC paid a dividend of 135 Crores to HDFC.

AUM: 3.7 Lakh Crores

Performance of HDFC AMC:

Let’s learn the divergence.

Whenever I teach, my moto is to make u master in that. U should get something new to learn even though when u already know that thing.

Divergence:- When price is not synchronised with the oscillator then the divergens occurs means

2/n
Means price is making higher high but oscillator doesn’t
or
price making lower low but oscillator doesn’t
means there is divergence as price is not synchronised with the oscillator.
Basically there are two kinds of divergence
-> Regular or classic.
-> Hidden divergence

3/n
A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend.

4/n
Whereas Bearish divergence occurs when prices reaches to a new high while an oscillator fails to reach a new high. This situation demonstrates that bulls are losing power, and that bears are ready to control the market again—often a bearish divergence marks a halt uptrend.

5/n
Generally bullish divergence works better than bearish divergence.
bullish divergence provides you an opportunity to buy the stocks at bottom with very high risk to reward ratio.
Both divergence comes under regular or classic divergence.

Importance of Previous Week High/Low?

When Market is Bullish it will take support from PWL,Can see bounce

When Market is Bearish it will face resistance on PWH,Can see reverse

Example:So far Nifty is Bullish till PWL respecting,trend will change when PWL Breaks with Volume