Indian Bank

      DAY-5   Name Open High Low Close HDFC 1685.00 1737.25 1685.00 1730.15 Bank of Baroda 202.00 202.00 196.00 197.40 SBI 700.90 701.35 682.60 689.80     TECHNICAL UPDATE: As I mentioned earlier, we need to wait and observe where HDFC’s price moves next. Today, it respected its support at the 200 EMA, holding around ₹ 1,681.01 before closing at ₹ 1,730.15 — a strong recovery. On the other hand, Bank of Baroda and SBI continue to decline. However, their fundamentals remain solid, and this dip seems more like a market-driven correction than a reflection of their intrinsic value. For long-term investors, this could be an opportunity to accumulate quality stocks at a discount. Sometimes, patience pays off in the world of investing. BANK LIQUID DEFICIT: ...

  DAY-4 TODAY MARKET IS CLOSE, SO THERE IS NO TECHNICAL UPDATE ON STOCKS. NEWS UPDATE The depository firm, National Securities Depository Ltd (NSDL), is expected to launch its much-awaited 3000 crore initial public offering (IPO) in March 2025. As reported by PTI, the 12-month deadline for the DRHP expires in September 2025. State Bank of India (SBI) and HDFC Bank plan to offload 5.72 crore equity shares in the NSDL IPO, which will be a complete offer for sale (OFS). HDFC holds 8.95%, while SBI holds 5% in NSDL. These banks are planning to do that to boost their balance sheets, which is expected to bolster their respective quarterly results in the upcoming quarter. So, these two stocks will be on the watch list of bulls during the NSDL IPO opening date.     HDFC Bank: A Smart Approach to Growth and Profitability Introduction   HDFC Bank, India’s largest private lender, is shifting its strategy to focus on profitable and sustainable growth. After mergi...

  DAY-3 Name Open High Low Close HDFC 1671.10 1688.00 1671.10 1680.85 Bank of Baroda 208.63 209.57 204.35 204.39 SBI 718.95 718.95 710.00 710.05   Commentary on the stocks mentioned above on a technical basis .  Today Sensex breaks a 5-day losing run, settling 148pts higher, Nifty below 22,550. * HDFC holding itself around 200EMA, it closed slightly higher compared to yesterday. We have to see for a few days before saying anything about where price will the move eventually, bank Nifty has also been down for several days.   * BOB is still in red. What I believe about this stock is that it is correcting itself. As I mentioned in my earlier blog, it has been showing a downtrend since the beginning of this year. Today, it closed at 204.39. Its next support band ...

  Day 2 From today onwards I would try to give some technical commentary on this three stocks. Name Open High Low Close HDFC 1681.10 1684.20 1661.10 1677.00 Bank of Baroda 208.00 209.42 206.50 208.85 SBI 710.50 719.75 710.50 716.4     Commentary on the above-mentioned stocks on a technical basis. HDFC on the 1-day chart it is having support of 200 EMA (moving average exponential) at 1680.27 for several days but today it slipped to 1677.10. If it drops from here, it will face a long down rally because the next support is at 1620. SBI, in the 1-day chart this stock had the support of 200 EMA from September 2024 to 30 December 2024, after that, it struggled to hang at the same price level but by January 2025 it fell and till then it had a long downtrend. BANK OF BAROD...

  Hi everyone, my name is Hritik this is my first blog. I have never thought that I will write a blog but here I am. In this blog I am going to take up a challenge, which is given by Parth Varma.   On his YouTube channel he gave this challenge. RULE OF THE CHALLENGE: 1.        Select a sector and three companies in that sector. I have selected the BANKING SECTOR and HDFC, SBI and BANK OF BARODA. 2.        Read about company you have selected and sectors. 3.        Report whatever you have read for 100 days. THIS IS DAY 1/100 I am not really expecting any monetary return from this challenge, but I do trust Parth Varma as a teacher, so without any expectation I am doing this and if you love finance do follow him on YouTube. WHY I CHOOSE BANKING SECTOR AND THIS THREE COMPANY? Firstly I wanted to go with energy sector as it is one of the prominent sectors which have a lot of...