Bank Nifty has a significant role in the current market rally. PSU and Private banks have given a good performance, and can this rally can be continued in the result season. Our target is still open from 38,900 to 39,000. You guys need to understand the bull market behavior. An hourly Low is crucial because it holds the whole trend and a high...
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed based on fundamentals and near swing high.
Banknifty has seen a whopping gain of about 33% since the start of this year.
And we talk about technicals, bank nifty has been trading in an upsloping channel and currently, it is approaching the upper band of the channel, which might act as a resistance in the near future, hence one should get careful now or trade light with strict stop loss as it is...
Indian Bank has given highest ever net profit along with forming a great chart pattern - Cup with Handle, Tweaks in government policies for psu banks have given a major support , If net profit is highest ever the stock needs to be traded at either book value or All-Time High .
Short Term Target - 2-3 Months - 35%
Long Term Target - 80% over a year
Canara bank stock has given breakout with good intensity of volume in both daily and weekly time frame, as the banking stocks started to pick up pace, canara bank's price action along with indicators had confirmed positive trend ahead,
on monthly basis it had made high then higher low, then higher high again higher low, and on weekly basis wave structure suggests...
#banknifty view for 20th Aug'21:- Additional Views
We are in ABC correction:-Wave C is mostly sharper and faster in Flat Correction. Wave “C” generally extends 123-138% of wave A but sometimes it is so drastic that it can extend 200%-261% of “A”.
The potential reversal levels are marked on the chart, in case of the gap is down don't try to short, wait for...
Hello and a warm welcome to this analysis on Bandhan Bank
The stock has been trending within a channel which could not break on the upside.
Resistance at 300-340 then 400 and a bigger one near 450 with good support at 275 and below that at 250.
A good opportunity lies here to do an SIP for medium to long term with a decent Risk Reward ratio
Now 39k strong resistance but trade for it to come then a fall should take place need at overbought level some little stretch can see then a fall towards 38k. Now there's so much volatility but don't short aggressively careful carying short position lead to loss. Thank you
Bank NIFTY is at indecision point and has formed a range 400-point range which can also be considered as a no trading zone.
We may not see a breakout/breakdown of this range today and see a range bound market today but if the range is broken consider buying above 38,000 and for selling consider 36,000 as a key level.
In case Index breaks the range then we’ll...