Nifty bank - detailed analysis of individual stocks
ICICI bank, forming a cup and handle after upmove, handle is almost complete, need bo above 890 for confirmation
SBI - another leader along with ICICI bank
decisive bo above 540-550 region will confirm the pattern, within the base, volatility is contracting, very tight closes on reduced volumes, supply is getting absorbed
HDFC bank has been an udnerperformer, but it is the highest weighted stock in nifty bank and its structure matters a lot for smooth trend in nifty bank.
breakout above 1500 will be really positive for bank nifty
Kotak ahs been a very lagging stock till now, but price is consolidating within the upper region of resistance band, and is almost ready to bo.movement above 1950 will confirm the start of stage 2 uptrend
Indus - again consolidating in very narrow range, range and volume expansion is happening as price moves up, buyers are in control, bo above 1120 is needed now
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