NSE:BANKNIFTY
Bank Nifty Update for 26th October 2021
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BANKNIFTY INDEX has outperformed NIFTY
and is trading on ALL-TIME-HIGH levels.
Index is continuously making higher highs & now has formed HARMONIC ABCD pattern.
Here's the trade setup for today:
For buying:
The pattern will be activated above 41,800 and a bullish momentum...
The monthly chart of EID Parry shows a multi year trend line breakout with good volumes.
But this comes with RSI divergence too.
Though the breakout raises probabilities of further upside. The chances of long term upside may gain strength on close above the highest high.
Keeping SL at close below the lower trend line.
Nifty CPSE Index is trading near its all-time high (ATH) zone of 2800. The index has touched 2800 zone multiple times in the last 8 years since 2014. The index hit 2800 zone in Sep'22 and has retraced from the highs.
Will it break this decisive resistance zone this time and reach to new highs this time?
Market never break its all time high in one go it will definitely face rejection from that reason which give us conviction to sell just after rejection candle.
NSE:MAHLIFE
Underlying : Mahindra Life
View : Bullish for Short term, Medium Term and Long Term
Finding : All Time High Breakout at 298.80 with volume
Observations:
1. Multiple time support zone 218 - 225 (1,2,3)
2. Resistance Tested 3 times and finally broke the Resistance with volume.
3. Nearest support : Refer Chart
4. Consolidation can be observed in...
M&M is Trading all time High Between the range of 120 to 1285
The Stock Gives a Breakout from the range and make new all time high close at 1310
If it sustain at this levels we can see further upwords moment in this stock
*** This is a monthly time frame analysis so this will be used for medium term swing trade.
***All time high was made in 2007 , was 250-260 precisely 261 and it never broken till now.
...
TimeTechnoPlast- #Breakout (BO)- If today's closing is abv 117.55, it would be AllTimeHigh (ATH) BO, but if it just closes above the trendline, it would be #trendline-BO. Also, BO must sustain in the nxt 2-3 candles, else its a False-BO. My LongTerm Tgt- 200
About the company
NIFTY IT index & other stocks from Mid-cap & large-cap has shown a tremendous performance, where OFSS being a strong financial company has underperformed. [i ]
Chart analysis
This is the monthly chart of OFSS, the stock is in the consolidation zone for years & now has given a breakout from its 2015 high with record volumes.
As per...
The overall banking sector is suitable for buying opportunities, SBI Bank has been the most appropriate stock for a long and it is near to all-time high, if there is any pull bank it would be buying on deeps.
