Weekly Swing Trade this isn't any type of tips or calls this is purely my views on the stock and my prediction is for a long bullish movement in the stock trade in with your own analysis I just wanted to share some of it
Indian bank has created beautiful reverse head and shoulder traditional chart pattern. Based on this technical chart pattern, target is very high.
The support this target, Fundamental of Indian bank also supports here because this bank's book value is more than 300.
YESBANK is available at all time low price. It's trading at 10.90 which is price seen before almost year at 28th July 2020. After touchinig this level, it showed strong rally and almost reaches at 20. There might chance we see more volume seen at upcoming days and will show same rally as before.
Drawing important support trend line for indian bank which may hard to break as share price takes support at three times and make it more strong support.
It was forming ABC zigzag within (B) wave, where B wave was triangle, so expecting C wave little higher to form larger flat like correction in (A)(B)(C).
It seems like 4th of 5th of 5th of 5th is about to finish and it start moving higher in final leg up towards 1794 and thereafter it may start correction.
It is in correction after finishing the shorter cycle, so from current level, it should start correction up to 16100 or lower level. There is always a possibility of further extension,...
Technical analysis : it is showing gpt infraproject like graph symmetrical triangle breakout if it remains above 47.50 it will give breakout in upcoming days but if it breaches the treandline it will just take time to go up,
RSI is in oversold zone.
FUNDAMENTAL: 1/ increased revenue in jun 21 quarter
2) increased operating profit in jun21 Q
3)profit before...
It already completed impulse at 360 and correcting in ABC zigzag down, where B wave is in progress and expected to end soon and start C wave towards 260.
It is in 5th of 5th of 5th wave started from the 13855 and can go up to 15500 level before it correct the whole move started last year. As long as it stays above mentioned level, it is bullish, but if it breaks below that level, then it may become bearish and can fall sharply.
Asianpaint is in B wave correction followed by A wave fall and will go more downside once it finished. There is a possibility of more sideways price action before it start C wave down.
Adaniport is in sideways complex B wave correction and can go up to 780 level before it will end it and start the C wave down. B wave can alternatively form triangle too if price fail to go above wave a of B wave.
Adanient is in sideways complex B wave correction and can go up to 1600-1635 zone before it will end it and start moving down for C leg. Above trend channel of abc move (last leg) it can go up to mentioned level of even slight higher. If it failed to go above W wave high of B, then there is a possibility of triangle as B wave.
