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u/Odd_Natural_4202

r/dalalstreetbets r/mechanicalpencils r/Indiastreetbets r/DalalStreetTalks r/indiaStockMarket r/IndiaFinance r/IndianStreetBets r/IndianStockMarket r/IndianStocks
Image 1 — HDFC Bank continues to hold support at 720-723 even though the MACD remains bearish - rally or bull trap?
Image 2 — HDFC Bank continues to hold support at 720-723 even though the MACD remains bearish - rally or bull trap?
Image 3 — HDFC Bank continues to hold support at 720-723 even though the MACD remains bearish - rally or bull trap?
Image 4 — HDFC Bank continues to hold support at 720-723 even though the MACD remains bearish - rally or bull trap?
▲ 2 r/IndianStocks

HDFC Bank continues to hold support at 720-723 even though the MACD remains bearish - rally or bull trap?

The last few days saw HDFCBank make an appearance on my radar today after having reversed from the ₹722 support level region by around 3%, reaching ₹723.

Levels to watch: support in the ₹708-722 range (I get different values based on how I do the calculation: historical S/R or recent price action), resistance first around ₹745 and second at ₹752. RSI is at 32.9, not oversold just yet, but on its way, while Stochastic is deep in the oversold zone (at K=2.8). Bounce opportunity is there.

However, the thing that is worrying me MACD still quite clearly bearish (both line and signal in the red and histogram not changing course yet), and Sharpe ratio of this one quite bad. At the same time, sentiment of the latest news coverage is quite positively charged (I went through the ~15 latest articles and found all of them positive).

However, risk-to-reward in the case of the first resistance against the support is around 1:1.5, which does not seem very attractive as an entry point.

Current holders of HDFCBank, do you read it as accumulation at the support level, or do you have any reservations owing to the bearish MACD?

u/Odd_Natural_4202 — 8 days ago
▲ 6 r/DalalStreetTalks

HDFC Bank continues to hold support at 720-723 even though the MACD remains bearish - rally or bull trap?

The last few days saw HDFCBank make an appearance on my radar today after having reversed from the ₹722 support level region by around 3%, reaching ₹723.

Levels to watch: support in the ₹708-722 range (I get different values based on how I do the calculation: historical S/R or recent price action), resistance first around ₹745 and second at ₹752. RSI is at 32.9, not oversold just yet, but on its way, while Stochastic is deep in the oversold zone (at K=2.8). Bounce opportunity is there.

However, the thing that is worrying me MACD still quite clearly bearish (both line and signal in the red and histogram not changing course yet), and Sharpe ratio of this one quite bad. At the same time, sentiment of the latest news coverage is quite positively charged (I went through the ~15 latest articles and found all of them positive).

However, risk-to-reward in the case of the first resistance against the support is around 1:1.5, which does not seem very attractive as an entry point.

Current holders of HDFCBank, do you read it as accumulation at the support level, or do you have any reservations owing to the bearish MACD?

u/Odd_Natural_4202 — 8 days ago
▲ 2 r/indiaStockMarket+1 crossposts

HDFC Bank continues to hold support at 720-723 even though the MACD remains bearish — rally or bull trap?

The last few days saw HDFCBank make an appearance on my radar today after having reversed from the ₹722 support level region by around 3%, reaching ₹723.

Levels to watch: support in the ₹708-722 range (I get different values based on how I do the calculation: historical S/R or recent price action), resistance first around ₹745 and second at ₹752. RSI is at 32.9, not oversold just yet, but on its way, while Stochastic is deep in the oversold zone (at K=2.8). Bounce opportunity is there.

However, the thing that is worrying me MACD still quite clearly bearish (both line and signal in the red and histogram not changing course yet), and Sharpe ratio of this one quite bad. At the same time, sentiment of the latest news coverage is quite positively charged (I went through the ~15 latest articles and found all of them positive).

However, risk-to-reward in the case of the first resistance against the support is around 1:1.5, which does not seem very attractive as an entry point.

Current holders of HDFCBank, do you read it as accumulation at the support level, or do you have any reservations owing to the bearish MACD?

u/Odd_Natural_4202 — 8 days ago
▲ 3 r/Indiastreetbets

I tracked a 10-stock portfolio daily for 14 days starting April 7 — every stock closed green (+9.59%)

On April 7, when the market was in panic mode after the Trump tariff news, I built a 10-stock portfolio and tracked it daily for 14 days. Exited everything on April 21.

Here are the results:

| Stock | Entry | Exit | Return |

|---|---|---|---|

| Jubilant Pharmova | ₹854.25 | ₹954.05 | +11.68% |

| Indian Bank | ₹899.85 | ₹914.00 | +1.57% |

| Hindustan Copper | ₹503.35 | ₹560.00 | +11.25% |

| Wipro | ₹197.29 | ₹204.98 | +3.90% |

| Aditya Birla Fashion | ₹58.94 | ₹64.00 | +8.59% |

| Godrej Properties | ₹1,584.70 | ₹1,822.00 | +14.97% |

| Tata Steel | ₹196.10 | ₹213.28 | +8.76% |

| Adani Ports | ₹1,387.10 | ₹1,628.00 | +17.37% |

| Just Dial | ₹520.05 | ₹537.45 | +3.35% |

| Route Mobile | ₹464.00 | ₹533.70 | +15.02% |

Total return: +9.59% in 14 days

The thesis was simple — the April 7 crash was sentiment driven, not fundamental. News was extremely negative but when I looked at recent concalls and management commentary for these companies, the business stories hadn't changed. Sector strength for metals, ports and pharma was holding despite the index fall.

The divergence between negative sentiment and unchanged fundamentals was the signal to buy.

What I got wrong: Indian Bank at +1.57% was the weakest pick. PSU bank sector strength was already showing fatigue and I should have weighted it lower or skipped it entirely.

Genuine question for this sub — when the market crashes like April 7, how do you decide whether it's real or just noise? Do you look at charts only or do you also check news and management commentary before deciding?

Will be running another tracked portfolio soon and posting daily updates if there's interest.

reddit.com
u/Odd_Natural_4202 — 1 month ago
▲ 9 r/indiaStockMarket

I tracked a 10-stock portfolio daily for 14 days starting April 7 — every stock closed green (+9.59%)

On April 7, when the market was in panic mode after the Trump tariff news, I built a 10-stock portfolio and tracked it daily for 14 days. Exited everything on April 21.

Here are the results:

| Stock | Entry | Exit | Return |

|---|---|---|---|

| Jubilant Pharmova | ₹854.25 | ₹954.05 | +11.68% |

| Indian Bank | ₹899.85 | ₹914.00 | +1.57% |

| Hindustan Copper | ₹503.35 | ₹560.00 | +11.25% |

| Wipro | ₹197.29 | ₹204.98 | +3.90% |

| Aditya Birla Fashion | ₹58.94 | ₹64.00 | +8.59% |

| Godrej Properties | ₹1,584.70 | ₹1,822.00 | +14.97% |

| Tata Steel | ₹196.10 | ₹213.28 | +8.76% |

| Adani Ports | ₹1,387.10 | ₹1,628.00 | +17.37% |

| Just Dial | ₹520.05 | ₹537.45 | +3.35% |

| Route Mobile | ₹464.00 | ₹533.70 | +15.02% |

Total return: +9.59% in 14 days

The thesis was simple — the April 7 crash was sentiment driven, not fundamental. News was extremely negative but when I looked at recent concalls and management commentary for these companies, the business stories hadn't changed. Sector strength for metals, ports and pharma was holding despite the index fall.

The divergence between negative sentiment and unchanged fundamentals was the signal to buy.

What I got wrong: Indian Bank at +1.57% was the weakest pick. PSU bank sector strength was already showing fatigue and I should have weighted it lower or skipped it entirely.

Genuine question for this sub — when the market crashes like April 7, how do you decide whether it's real or just noise? Do you look at charts only or do you also check news and management commentary before deciding?

Will be running another tracked portfolio soon and posting daily updates if there's interest.

reddit.com
u/Odd_Natural_4202 — 1 month ago
▲ 10 r/IndianStreetBets

I tracked a 10-stock portfolio daily for 14 days starting April 7 — every stock closed green (+9.59%)

On April 7, when the market was in panic mode after the Trump tariff news, I built a 10-stock portfolio and tracked it daily for 14 days. Exited everything on April 21.

Here are the results:

| Stock | Entry | Exit | Return |

|---|---|---|---|

| Jubilant Pharmova | ₹854.25 | ₹954.05 | +11.68% |

| Indian Bank | ₹899.85 | ₹914.00 | +1.57% |

| Hindustan Copper | ₹503.35 | ₹560.00 | +11.25% |

| Wipro | ₹197.29 | ₹204.98 | +3.90% |

| Aditya Birla Fashion | ₹58.94 | ₹64.00 | +8.59% |

| Godrej Properties | ₹1,584.70 | ₹1,822.00 | +14.97% |

| Tata Steel | ₹196.10 | ₹213.28 | +8.76% |

| Adani Ports | ₹1,387.10 | ₹1,628.00 | +17.37% |

| Just Dial | ₹520.05 | ₹537.45 | +3.35% |

| Route Mobile | ₹464.00 | ₹533.70 | +15.02% |

Total return: +9.59% in 14 days

The thesis was simple — the April 7 crash was sentiment driven, not fundamental. News was extremely negative but when I looked at recent concalls and management commentary for these companies, the business stories hadn't changed. Sector strength for metals, ports and pharma was holding despite the index fall.

The divergence between negative sentiment and unchanged fundamentals was the signal to buy.

What I got wrong: Indian Bank at +1.57% was the weakest pick. PSU bank sector strength was already showing fatigue and I should have weighted it lower or skipped it entirely.

Genuine question for this sub — when the market crashes like April 7, how do you decide whether it's real or just noise? Do you look at charts only or do you also check news and management commentary before deciding?

Will be running another tracked portfolio soon and posting daily updates if there's interest.

reddit.com
u/Odd_Natural_4202 — 1 month ago
▲ 2 r/IndianStocks

I tracked a 10-stock portfolio daily for 14 days starting April 7 — every stock closed green (+9.59%)

On April 7, when the market was in panic mode after the Trump tariff news, I built a 10-stock portfolio and tracked it daily for 14 days. Exited everything on April 21.

Here are the results:

| Stock | Entry | Exit | Return |

|---|---|---|---|

| Jubilant Pharmova | ₹854.25 | ₹954.05 | +11.68% |

| Indian Bank | ₹899.85 | ₹914.00 | +1.57% |

| Hindustan Copper | ₹503.35 | ₹560.00 | +11.25% |

| Wipro | ₹197.29 | ₹204.98 | +3.90% |

| Aditya Birla Fashion | ₹58.94 | ₹64.00 | +8.59% |

| Godrej Properties | ₹1,584.70 | ₹1,822.00 | +14.97% |

| Tata Steel | ₹196.10 | ₹213.28 | +8.76% |

| Adani Ports | ₹1,387.10 | ₹1,628.00 | +17.37% |

| Just Dial | ₹520.05 | ₹537.45 | +3.35% |

| Route Mobile | ₹464.00 | ₹533.70 | +15.02% |

Total return: +9.59% in 14 days

The thesis was simple — the April 7 crash was sentiment driven, not fundamental. News was extremely negative but when I looked at recent concalls and management commentary for these companies, the business stories hadn't changed. Sector strength for metals, ports and pharma was holding despite the index fall.

The divergence between negative sentiment and unchanged fundamentals was the signal to buy.

What I got wrong: Indian Bank at +1.57% was the weakest pick. PSU bank sector strength was already showing fatigue and I should have weighted it lower or skipped it entirely.

Genuine question for this sub — when the market crashes like April 7, how do you decide whether it's real or just noise? Do you look at charts only or do you also check news and management commentary before deciding?

Will be running another tracked portfolio soon and posting daily updates if there's interest.

reddit.com
u/Odd_Natural_4202 — 1 month ago
▲ 2 r/IndiaFinance

I tracked a 10-stock portfolio daily for 14 days starting April 7 — every stock closed green (+9.59%)

On April 7, when the market was in panic mode after the Trump tariff news, I built a 10-stock portfolio and tracked it daily for 14 days. Exited everything on April 21.

Here are the results:

| Stock | Entry | Exit | Return |

|---|---|---|---|

| Jubilant Pharmova | ₹854.25 | ₹954.05 | +11.68% |

| Indian Bank | ₹899.85 | ₹914.00 | +1.57% |

| Hindustan Copper | ₹503.35 | ₹560.00 | +11.25% |

| Wipro | ₹197.29 | ₹204.98 | +3.90% |

| Aditya Birla Fashion | ₹58.94 | ₹64.00 | +8.59% |

| Godrej Properties | ₹1,584.70 | ₹1,822.00 | +14.97% |

| Tata Steel | ₹196.10 | ₹213.28 | +8.76% |

| Adani Ports | ₹1,387.10 | ₹1,628.00 | +17.37% |

| Just Dial | ₹520.05 | ₹537.45 | +3.35% |

| Route Mobile | ₹464.00 | ₹533.70 | +15.02% |

Total return: +9.59% in 14 days

The thesis was simple — the April 7 crash was sentiment driven, not fundamental. News was extremely negative but when I looked at recent concalls and management commentary for these companies, the business stories hadn't changed. Sector strength for metals, ports and pharma was holding despite the index fall.

The divergence between negative sentiment and unchanged fundamentals was the signal to buy.

What I got wrong: Indian Bank at +1.57% was the weakest pick. PSU bank sector strength was already showing fatigue and I should have weighted it lower or skipped it entirely.

Genuine question for this sub — when the market crashes like April 7, how do you decide whether it's real or just noise? Do you look at charts only or do you also check news and management commentary before deciding?

Will be running another tracked portfolio soon and posting daily updates if there's interest.

reddit.com
u/Odd_Natural_4202 — 1 month ago
▲ 4 r/DalalStreetTalks

I tracked a 10-stock portfolio daily for 14 days starting April 7 — every stock closed green (+9.59%)

On April 7, when the market was in panic mode after the Trump tariff news, I built a 10-stock portfolio and tracked it daily for 14 days. Exited everything on April 21.

Here are the results:

| Stock | Entry | Exit | Return |

|---|---|---|---|

| Jubilant Pharmova | ₹854.25 | ₹954.05 | +11.68% |

| Indian Bank | ₹899.85 | ₹914.00 | +1.57% |

| Hindustan Copper | ₹503.35 | ₹560.00 | +11.25% |

| Wipro | ₹197.29 | ₹204.98 | +3.90% |

| Aditya Birla Fashion | ₹58.94 | ₹64.00 | +8.59% |

| Godrej Properties | ₹1,584.70 | ₹1,822.00 | +14.97% |

| Tata Steel | ₹196.10 | ₹213.28 | +8.76% |

| Adani Ports | ₹1,387.10 | ₹1,628.00 | +17.37% |

| Just Dial | ₹520.05 | ₹537.45 | +3.35% |

| Route Mobile | ₹464.00 | ₹533.70 | +15.02% |

Total return: +9.59% in 14 days

The thesis was simple — the April 7 crash was sentiment driven, not fundamental. News was extremely negative but when I looked at recent concalls and management commentary for these companies, the business stories hadn't changed. Sector strength for metals, ports and pharma was holding despite the index fall.

The divergence between negative sentiment and unchanged fundamentals was the signal to buy.

What I got wrong: Indian Bank at +1.57% was the weakest pick. PSU bank sector strength was already showing fatigue and I should have weighted it lower or skipped it entirely.

Genuine question for this sub — when the market crashes like April 7, how do you decide whether it's real or just noise? Do you look at charts only or do you also check news and management commentary before deciding?

Will be running another tracked portfolio soon and posting daily updates if there's interest.

reddit.com
u/Odd_Natural_4202 — 1 month ago
▲ 2 r/dalalstreetbets

I tracked a 10-stock portfolio daily for 14 days starting April 7 — every stock closed green (+9.59%)

On April 7, when the market was in panic mode after the Trump tariff news, I built a 10-stock portfolio and tracked it daily for 14 days. Exited everything on April 21.

Here are the results:

| Stock | Entry | Exit | Return |

|---|---|---|---|

| Jubilant Pharmova | ₹854.25 | ₹954.05 | +11.68% |

| Indian Bank | ₹899.85 | ₹914.00 | +1.57% |

| Hindustan Copper | ₹503.35 | ₹560.00 | +11.25% |

| Wipro | ₹197.29 | ₹204.98 | +3.90% |

| Aditya Birla Fashion | ₹58.94 | ₹64.00 | +8.59% |

| Godrej Properties | ₹1,584.70 | ₹1,822.00 | +14.97% |

| Tata Steel | ₹196.10 | ₹213.28 | +8.76% |

| Adani Ports | ₹1,387.10 | ₹1,628.00 | +17.37% |

| Just Dial | ₹520.05 | ₹537.45 | +3.35% |

| Route Mobile | ₹464.00 | ₹533.70 | +15.02% |

Total return: +9.59% in 14 days

The thesis was simple — the April 7 crash was sentiment driven, not fundamental. News was extremely negative but when I looked at recent concalls and management commentary for these companies, the business stories hadn't changed. Sector strength for metals, ports and pharma was holding despite the index fall.

The divergence between negative sentiment and unchanged fundamentals was the signal to buy.

What I got wrong: Indian Bank at +1.57% was the weakest pick. PSU bank sector strength was already showing fatigue and I should have weighted it lower or skipped it entirely.

Genuine question for this sub — when the market crashes like April 7, how do you decide whether it's real or just noise? Do you look at charts only or do you also check news and management commentary before deciding?

Will be running another tracked portfolio soon and posting daily updates if there's interest.

reddit.com
u/Odd_Natural_4202 — 1 month ago
▲ 26 r/mechanicalpencils

Broken Super Promecha turned into a hybrid?

Used a pilot G2 body, with a promecha which snapped in half, with functional lead adjuster

u/Odd_Natural_4202 — 3 months ago