UBL IN TIGHT RANGE PAST MANY DAYS TRADE OUTSIDE THE RANGE
At the PRZ of a bearish Harmonic Bat in Weekly time frame it made a bearish reversal Candlestick today. A follow through tomorrow onwards would confirm a downward move for 13250 and below that for 12000. The view would negate if it sustains above today's high. The index constitutes of all the large Banks and large Finance companies. Harmonic Bat is a 5 points...
BATAINDIA has given a consolidation breakout on daily timeframe, enter on retracement at 1450 level, 1600 looks easy on the cards.
possible support positions my own study purpose.
HDFCBANK is at the upper end of the channel.
If you ever wonder how BANKNIFTY selects the Banking stocks so Here is the answer: The NIFTY Bank Index comprises of the most liquid and large Indian Banking stocks. It provides investors and market intermediaries a benchmark that captures the capital market performance of the Indian banks. The Index comprises of maximum 12 companies listed on National Stock...
I was wondering who is pushing the Bank Nifty, so I decided to visualize this by this simple comparison. The three major PSU banks are compared with the NIFTY BANK there market cap is as follow 3 (25%) PSU banks out of 12 holds 28.05186836 % of NIFTY BANK VALUE. 9 (75%) Private banks out of 12 holds 71.94813164 % of NIFTY BANK. ...
This is just the follow up chart of what I posted in the last week. We can see a breakout in weekly time frame.
UPL - BUY NEAR 425 AREAS WITH SL BELOW 420 AREAS AS IT HAS RISING VOLUME BARS WITH RISE IN RANGE TGTS 440-460
TATA STEEL - IF BREAKS LOWER SIDE 500 WILL ACT AS STRONG SUPPORT TO BUY IF BREAKS 523 WITH VOLUME AGAIN A BUY WITH 508 AS SL
I was wondering who is pushing the Bank Nifty so I decided to visualize this by this simple comparison. The three major PSU banks are compared with the NIFTY BANK there market cap is as follow 3 (25%) PSU banks out of 12 holds 28.05186836 % of NIFTY BANK VALUE. 9 (75%) Private banks out of 12 holds 71.94813164 % of NIFTY BANK. ...