BANKNIFTY
Individual Constitutent Price-Action Analysis
Methodology: Ichimoku trading systems, TF: Daily
In a nutshell: Other than #HDFCBANK all are, technically, in downswing. #IDFCFIRSTB is the most interesting to watch for a breakout.
Methodology: Ichimoku trading systems, TF: Daily
- #AUBANK: Downtrend, 635 is immediate resistance
- #AXISBANK: Downtrend, 901 is immediate resistance
- #BANDHANBNK: Downtrend, 243 is immediate resistance
- #BANKBARODA: Downtrend, 168 is immediate resistance
- #FEDERALBNK: Price just crossed the cloud, about to turn upswing. Still other confirmation needed (TK cross over needed). Rigtht now resistance: 136
- #HDFCBANK: Uptrend. All indications are bullish, support at 1630.
- #ICICIBANK: Downtrend. 880 is immediate resistance
- #IDFCFIRSTB: Interesting, a T-K crossover is forming, price above cloud. Other confirmations are awaiting (leading and lagging spans).
- #INDISINDBK: Downtrend. 1133 is immediate resistance.
- #KOTAKBANK: Downtrend. 1805 is immediate resistance.
- #PBN: Sideways. Price is inside the cloud - no trading zone.
- #SBIN: Downtrend. Immediate resistance at 560.
In a nutshell: Other than #HDFCBANK all are, technically, in downswing. #IDFCFIRSTB is the most interesting to watch for a breakout.