HDFC Bank - Is it the right time yet?Considering the upcoming week (from tomorrow, 11 May, 2020), a lot of announcements are expected regarding ending of lockdown, stimulus package, opening up of several businesses in cities; we can hope to see a lot of volatility in the market, yet we can expect a positive movement in a stock like this, swing traders are often seen trading in this script. NSE:HDFCBANK
Bankingsector
MONEY ZONES into 2021 ADAA slow conservative approach to technical growth
.20 - .25 = x4 / 2021
If we don't continue with a rising wedge we will have a triple bottom and a very fast impulse up. 3 years of consolidation and build up just means more power over time.
Anything is possible when 2023 comes.
Especially if we are above .25 in 2021
.05 price today @ 100,000 ADA = 5K USD
5K today (could) make you 100,000 dollars within a 10 year span
Hindsight 20/20 just keep swimming and work on more than one avenue in your life.
KRE - time to go Long!AMEX:KRE
KRE, looks good to push higher! CMP : $57.28
We are witnessing a continuous higher high and higher low on the RSI indicator and price has just been pushed lower by the Resistance Line (R1) @ $58.60 levels
Price has already created a support level near $48.87.
Important trading levels
R1 : $58.60
R2 : 65.77
S1 – 50.88
S2 : 45.16
S3 : 36.25
RSI seems to be showing signs of being oversold faster at higher price points suggesting higher price action
Watch out for this space, go long and sit tight
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Cheers
Good investing opportunity on the U.S. banking sector.The KBE ETF, which tracks an equal-weighted index of U.S. banking stocks, has been rising on a very steady 1M Channel Up since the 2008 financial crisis and has recently rebounded on the latest Higher Low (RSI = 50.776, MACD = 0.640, Highs/Lows = 0.0000). This presents a good buy opportunity on banking stocks, which are expected to outperform the market in the coming years. Our long term target is 52.00 with 60.45 in extension.




