A bullish hammer candle has been formed and given the breakout of the compression zone. Also the degree and nature of separation in both bands indicate the start of an uptrend but we need a confirmation candle. CMP-129.45 R1-131.55 S1-123.50 Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Strong Stock from Strong sector (PSU Bank): IOB, UCO bank, PSB, Central bank of Ind, Maha Bank already showed momentum. -One simple horizontal line setup, took support from 21 ema. And now squeezed between 10 ema n resistance level.
Daily: Trend Negative, The Hammer candle formed in the compression zone decreases the probability of the next negative candle. 5m TF: Trend Positive, Break of Structure
INDIAN BANK (1D TF) - Swing Trade Analysis given on 21st May, 2024 Pattern: ASCENDING TRIANGLE BREAKOUT - Resistance Breakout - Done ✓ - Volume Buildup at Resistance- Done ✓ - Change of Polarity - In Progress * Disclaimer
#psubanks looking great!! Sharing my Favourite. #UCOBANK Good base formation done , volume almost dried. Reversal signs seen Support levels marked on the charts Keep in Radar Disclaimer - All information on this page is for educationaland learning purpose only. We are not SEBI registered financial advisor.
RSI = 50, Darvas Box formed at 23.60% retracement level of Fibonacci. The index could be volatile in the range of 6840 to 7300. The constituents could experience high volatility in the coming week. A fresh trend is formed above the level of 7300. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
State Bank of India (SBI) an Indian multinational public sector bank and financial service ready for big rally. In recent quarter we saw a tremendous growth in banks financial statements and we got confirmation on chart that stock is ready for Rally. In past few weeks we do see stock form double bottom pattern on weekly basis. CMP : 820 SL : 760 T1 : 880 Note :...
Hi, NSE:CENTRALBK has given a Bullish Inverted Head & Shoulder Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price...
Hi, NSE:BANKINDIA has given a Bullish Inverted Head & Shoulder Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price...
Hi, NSE:INDIANB has given a Bullish Inverted Head & Shoulder Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price...
KARUR VYSYA BANK (1D TF) - Swing Trade Analysis given on 25th March, 2024 Pattern: FALLING WEDGE BREAKOUT - Trendline Resistance Breakout - Done ✓ - Volume buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress
AU SMALL FINANCE BANK (1D TF) - Swing Trade Analysis given on 30th April, 2024 Pattern: CUP & HANDLE - Volume Buildup at Resistance - Done ✓ - Daily Resistance Breakout - In Progress - Demand Zone Retest & Consolidation - In Progress * Disclaimer
IDBI BANK (1D TF) - Swing Trade Analysis given on 3rd April, 2024 Pattern: FALLING WEDGE BREAKOUT - Trendline Resistance Breakout - Done ✓ - Volume buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “If Nifty50 has to change its character, the price has to fall below 22295 and then below 22051 wherein the higher low will get violated.” 4mts chart I was stunned by the Nifty50 and BankNifty price moves today. We started the day in line and then the 09.31 GREEN candle surprised me, a quick surge that...
Bank of India breaking is 5 year inverse head and shoulder patterns with good volume educational purpose only
PNB is retesting the previous resistance level, if it sustains and marches upward it will become the support!!! Good volumes. Can enter at current market price. Target - 55/60/70 SL - 35 Above 70 it will be a delight!!! Need greater patience, since it is a PSU banking stock it will rise on a gradual basis!!!(Maybe more than 3 months) Note: All levels are only for...
NSE:UNIONBANK Union Bank of India is engaged in providing banking and financial services. The Bank offers products and services in three categories: Deposits, Loans and Advances, and Remittances and Collections. TTM EPS: 7.28 TTM PE: 5.65 Sector PE: 20.33 Book Value Per Share: 89.52 P/B: 0.46 Face Value: 10 Mkt Cap (Rs. Cr.): 28,090 Some...
INDIAN OVERSEAS BANK 1) Time Frame - Weekly & Monthly. 2) The Stock has been in a consolidation / Downtrend since (September, 2023). Currently the stock has given a breakout & Closed with strong bullish momentum & Good volume in weekly time frame. 3) The stock may reach the January, 2015's high (64.65) in short Term. 4) Recommendation - Strong Buy