Hello & welcome to this analysis on India's largest bank A strong uptrend which has recently seen a sideways corrective and the record date announcement of its merger with HDFC LTD could now see it give a strong up move pre-merger. If it manages to hold 1590-1610 then above 1670 it could rally till 1750-1850. Failure to hold 1590 could take it down towards...
Hello & Welcome to this analysis It completed an Elliott 5 waves from May 2022 lows to Jan 2023 high. Post that Wave A till Feb 2023 lows followed by a Wave B till this week's high. Today's reversal appears to be Wave C down that could probably take it to 115-110 where it appears to have a support based on the consolidation it has had in that area in the...
Hello & welcome to this analysis on one of India leading Pvt banks In the weekly time frame its forming a Bearish Head & Shoulder pattern suggesting below 1640 (neckline) for a possible downside till 1475. At the current moment it faces resistance at 1725 and 1750. Unless those levels are not broken on the upside it remains one of the weakest banks in the Bank...
NSE:INDUSINDBK indusindbk need to break and close below1127.20 in day chart, then the target will be T1- 1087 T2- 1025.55
Nifty Private Bank Index if break out below 17500 sure it will reach what i expect in bottom
Seems like bullish. Take trade at breakout of previous high.