InsiderB

Where we are with Banks ?!

NSE:YESBANK   YES BANK
Technical Aspects :

YesBank - Bearish Bat
AxisBank             - Channel Breakout ( will fail & range again, just My opinion )
SBI             - Bearish Cypher

So as of now our technical aspects point downside...

Fundamental :
Not literally fundamental view, based on macro news,
YesBank - Lesser NPA than Axis & better next to HDFC            
AxisBank             - High NPA among privates
SBI             - Banks consolidation will do it down & NPA none cares, bcos its public(our) Money, so they don't mind about getting it back. :)

This is not for trading, just an overall view...
brother donot forget potential reversal zone ,some people forcast before a harmonic patern formed,so he most trade before harmonic pattern formed,my word have some logic,think,i am not critisising you,i respect you,
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InsiderB rupambose32
@rupambose32, Even if you criticize , its welcome only bro :) But unfortunately, it's how patterns are traded & I continue to do so... I don't look for prz gimmicks, that logic is bit messy, When there is pattern formation, the completion D point is entitled as PRZ already, looking for support resistance fibs planning the PRZ is like you are double painting same wall in two colors , layer over layer, better don't confuse people, simpler the better bro :)
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3 in 1 offer... hahahaha. nice
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InsiderB raj3elite
@raj3elite, ha ha yes :)
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My addition to the above....View of theses three banks would not represent Bank Nifty view.... For that HDFC Bank, ICICI Bank and Kotak Mahindra bank would matter more....
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@atulm, Cool , easily it can be :)
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