Bank nifty 1 D - at support -BNFif blue trend line break then we can expect further downside on positional basis on BNF till 30500-28000 level
BANK
Day Trading Analysis for HDFC Bank LTD - Post Nifty All time HigHDFC Bank has all time high of 1511.65
The script has strong resistance at 1485.10 and 1501
The strong support 1488.85 was broken today and
that turned to be turing point and script has touched
the day low of 1468.15
Refer to our previous video, as per our analysis the
target was reached.
Expected CPR Tomorrow:
Pivot 1,479.10
Bottom CPR 1,481.25
Top CPR 1,476.95
Tomorrow Sceniro:
Case 1:
If the script breaks today low of 1468
and closed in 5 mins then short.
Target - 1445
Which has strong support in 1hr time frame.
or
Case 2:
if the script breaks above the CPR and Strong
reistance of 1485 then go for Long.
Target - 1500
Which has strong resistance at 5min time frame.
Disclaimer: Kindly do your own analysis before executing the trade.
I am not a SEBI Registered Analyst.
Bank Nifty CorrectionSince Jan 13th Bank Nifty had been trying to pull back 9 times and had failed. Bank nifty is approaching approaching a major monthly support at 31833 now and trying another pull back. So technically, we have entered a major time based correction from Jan 13th I guess.
BankNifty - weakemed a bit, 31840 should hold for the bulls.There was a much awaited dip, Index took a support near 8 DEMA and closed above.
ADX has flatned a bit, DI+ and DI- are indicating weakness.
RSI too has declined a bit, it is below 9EMA now.
31840, 31560 are supports, and 32350, 32450 and 32680 are resistance levels.
HDFC Bank - Multiple confluence - Channel BO, Bullish flagHDFCBank - 4H TF forms a channel Breakout after strong consolidation. Formation of Bullish flag and waiting for the breakout. Fibonacci BO also observed with an immediate resistance of 1496 which can also act as a Target 1 and the next target will be 1588. Currently the levels are above all the moving averages.
All the levels are mentioned on the chart.
Chart of the Week (16/01/2021): Axis BankAxis Bank looks like a good buy candidate as it has given good breakouts on all trendlines. Even a downward sloping resistance line has now been cut and should act as a support. Another rationale is that other banks (ICICI Bank, Kotak Bank, HDFC Bank) have run up and are at 52-week high/ATH. Maintain Stop Loss at Rs.640 and targets at Rs.765 and then at Rs.820 (ATH). The one negative thing on this chart is the Negative RSI Divergence, but divergences can act only as confirmation/support and should never be a rationale for trading. Hence one needs to be cautious.
Harmonic Pattern in Bank Nifty! Expect Bank Nifty to fall from 32750 - 32800 Range , as per Harmonic Pattern.
Trade at your own risk, this is just a technical study.
below the support lineKotak needs to break above the daily support trend line to show any sign of strength. Else could see more weakness.
Bank Nifty Crash??It looks like Bank nifty is preparing for a correction and possible short term trend reversal as per the chart. Possible landings at 1, 2 & 3 and if it is a trend reversal, then it should go for 1 -2 years.
FERDERAL BANK @ KISS 79.50 $ TARGET FOR FUTHERS & EQUITYTHESE ARE ASUMMSIONS FEDERAL BANK FORMING FLAG PATTERN
TGT 01 - 77.50
TGT 02 - 78.50
TGT 03 - 79.50
THIS TARGET HELPS TO MAINTAIN A STOPLOSS
ICICIBANK | CHART#13ICICI Bank Ltd. engages in the provision of banking and financial services, which includes retail banking, corporate banking, and treasury operations.
*Stock Analysis*
-- Stock made a breakout at 490 levels. If it sustains then it can move up to 550 levels.
-- Good Volume confirmation
-- RSI Indicator above 50(on Daily chart) shows a buy sign
-- Once it touch 550 level there is a possibility of retracement up to 490 levels.
*Important Levels to Watch*
-- Entry 505
-- Target @ 545
-- SL @ 490
NOTE : Enter only if the scrip sustains 500 level next trading day.
Good Luck Investors❗
-GokulHari
Share analysis of HDFC BankSince the last couple of trading session (HDFC bank) consolidates in sideways trend. It seems this stock now ready to ride on horse.
Kotakbank BO...Above 1990
target-2024-2048-2085
Up trading stock
Good volumes
Showing Falling wedge type pattern so
if closing Below 1885
Target 1863-1851-1834
Bank Nifty daily viewThis is the daliy chart of bank nifty
Currently we have finished (3) wave and playing in wave (4)
after this you will see an another movement till failure of that wave
YES BANK | Ascending TriangleYES BANK is forming ascending triangle. Watch out for the break and aim for a possible long position.
indusind bank as we can see the price resistance at the level of 868-870 which is unable to break by price so we looking the oppurtunity for the short.
Bearish view- short around 864 for the level of 850-848 with the sl of 870
