BANK OF BARODAHello and a warm welcome to this analysis
Triangles are a prominent feature in wave 4 (Elliott Wave Theory). Price remains within a narrow range with lower volume for a very long stretched time as the preceeding Wave 3 has had a tremendous run resulting in cooling down in trend for sometime.
In this weekly time frame a triangle in wave 4 is coming to an end. Post that stock could resume its rally towards 110-120. View would negate below 70
Psubanks
CANARA BANK :: BULLISHDATE: 23/5/2021
INSTRUMENT: CANARA BANK
TREND: BUY
TIME FRAME: 3 HRS
CMP: 153.05
BUY ABOVE: 153.50
STOP LOSS:
TGT 01: 157.55
TGT 02: 168.55
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
PNB : BULLISH TREND.Strong MACD , StocRSI parameters, and the recent pullback show that if the trend continues for the short term, we can see the Scrip hitting the two target levels. The Parabolic SAR has already given a BUY signal, with all parameters in tandem we can see the same happening.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Bank Nifty situation is little critical, take a lookHello Guys,
1) With multiple issues popping on like DHFL 2) no much actions taken after IL & FS 3) more conversions from Debt to Equity like SBI's JetAirways deal 4) Farmers loan waivers
Considering these points, PSU's Banks situation is not good so it will look correction.
Plotted a H& S targeting to H&S neckline, we can review after the Neckline break.
Trade on break of trendline :) Good luck with your trades.
















