Bankindex
Nasdaq Bank Index: Putting A Bad Hair Day Into PerspectiveElon Musk still sees danger ahead for the US economy if the Fed does not contain the regional banking crisis.
Financial blog Zero Hedge previously tweeted about the critical role of small and medium-sized banks in the US financial system — a hot topic following the sharp collapse this month of Silicon Valley Bank, a technology startup lender and the first bank to be taken over by regulators since the 2008 financial crisis.
Small and medium banks account for 50% of commercial and industrial len
Bank Nifty Bullish Breakout | New All Time High | Banking StocksToday on 29 May 2023, Bank Nifty broke its 2 week range and created a new All-Time high.
Until and unless, Bank Nifty does not closes back below 44140, bullish view on Bank Nifty remains intact and we can expect price to continue to go high.
Since, the bullish breakout happened after 2 weeks of consolidation near ATH, the breakout can be considered strong.
Bank Nifty is bullish now, banking stocks will fly high.
I have a few banking stocks in my watchlist which can be excellent picks for swi
Bank Stocks: Bullish breakout. Strong long-term Buy Opportunity.BKX (Nasdaq bank index) has just broken above the Lower High trend line (dashed lines) of the 1W bearish (pull back) leg within the greater pattern of the multi year Channel Up since 2012. The technicals have turned bullish on 1W (RSI = 59.797, MACD = 1.140, Highs/Lows = 5.1079) and even the RSI is on identical levels with the last time a similar break out took place in 2016.
We are expecting a fairly similar bullish break out on the long term towards 140.00 - 149.80 (Target Zone).
** If yo
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