ICICI bank broke its major uptrend trendline. Using Fibonacci we can see it’s sustaining near 31.8% level with making HEAD N SHOULDER PATTERN. H&S is a reversal price action pattern which indicates a possible reversal of trend. Fibonacci 50% first target. Fibonacci 61.8% second target and if stock sustain near 61.8% and breaks the level 78.6% level on Fibonacci...
SBI might take support at the marked purple zone as it is 0.5 fib level of the last uptrend in 15 Mins. Also a mejor downward falling is also broken, so it can be a retest to that
Axis Bank has good support near 675-690, one can grab near this area to go long for the target of 750. Disclaimer : This Post is for educational purposes only. Please do consult your financial advisor before taking any trade on this post basis.
Triangle formed last day in bank nifty, you can wait for real break out before taking the shot on CE or PE. Always choose +300 points or -300 Points from the bank nifty current price for the same movement, Use sensibull app to watch the option chain. Follow for more...
HDFC Bank downward momentum seems to be broken bull run will begin now take a long position with SL- 1460
BEST GOV. BANK NOW ON REVERSAL SO ADD IN YOUR PORTFOLIO FOR SHORT TERM THE FIRST TARGET IS 376 , SECOND TARGET IS 388 THEN AFTER 403 AND 420. NOTE :- SHORT TERM ( 2 DAYS TO 3 MONTHS). IF YOU LIKE MY POST AND YOU GET PROFIT SO PLEASE LIKE THIS POST AND FOLLOW ME FOR MORE TARGET.
Do comment your views in the comment section.
If break out occurs then take long position on aily chart basis. Profit targets and Buy Stop position explained in that image
ICICI Bank Giving Breakout from falling channel . Giving Signs to Recover recent Bear Run.
Bank NIFTY at make or break level......
Magic Lines: All supports are not for buy level. As like all resistance are not for sell levels After long research and back testing we find which S&R is for sell level & which S&R is buy level. In that result we give the pure intraday levels in charts. BLUE LINE ARE BUY LEVELS ORANGE LINES ARE SELL LEVELS IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR...
Use this levels and in your chart and check the result your self
This is my Analysis and prediction levels for tomorrow. I am Learner and I may be wrong
My view for upcoming days is for downwards or consolidation. reasons:- Trend line broke Rejection from resistance zone It may break the trendline and resistance zone But until the coronavirus didn't cooldown MARKET is Bearish for me
Kotak mahindra stocks has been on a consolidation for a some time now, and forming a kind of round bottom(we can also call it cup) once the resistance which is at 1823,is taken out, might give us a good returns upto 5% at a sl of 2.3%.
clearly see bank nifty give closing in between the gap and it is all set to fill this gap. Plus we see buish penat pattern here. Hope so news may not ruin the mood