BANK NIFTY MOVE EITHER WAYSUPPORT AND RESISTANCE MARK
VERY SOON SEE THE MARK LEVEL 25000+
OR 22000
trend is your friend otherwise it is your end
follow trend only
mcpriceaction
BANK
Massive volume in Federal Bank on 28th AugustBSE:FEDERALBNK Volumes have spiked to 130M during the Aug 28th Trading session.
Federal Bank showed a breakout with huge volume after weeks of consolidation between the INR50.00 to INR58.00
Expected Federal bank to reach next level of consolidation from the next trading week.
Banknifty saw gains of over 4% during the same trading session.
OANDA:USDINR fell against the rupee.
Canara Bank gives positive breakout after a long consolidation NSE:CANBK
Baking sector now looks positive. Now may it will participate Nifty to take it 12000 level. Near all banking stocks are on breakout level. I am posting on of that.
CUP AND HANDLE PAITTERN WITH POLE AND FLAG (Educational purpose)RBL bank has given nice breakout from the cup and handle pattern after a long consolidation and after a nice breakout, it is forming pole and flag pattern which is indicating a strong upside move from these levels.
It is just an analysis and for educational purpose only
Bank nifty view for 31st of augustIf its a gapup opening on Monday then watch if bank nifty face resistance on 24780 and unable to break the level then short it for 24370 and 23900
Cup and Handle breakout in RBL BANKIn the daily chart, we can clearly see that RBL BANK has formed a cup and handle pattern. Take long position guys it will definitely achieve our targets.
DCB Bank Long May go Back.I am not a expert here. just learning since 2 years but as per my knowledge DCB Bank may cross 150 in couple of weeks. Fundamental analysis is showing great scope for 150 and may extend to 200 in couple of months.
SBIN continues making HIGHER LOWs NSE:SBIN is still making higher lows within INR200.00 range for the last few months. This is with reference to my post on Aug 5th when first suggesting that SBIN has been making higher lows and the time frame rapidly reducing for the swings.
Breakout can be expected once it crosses the sentimental INR204.00 range.
HDFC likely to hit the top limit of the channel within weeks!!!After the corona crisis the HDFCBANK has been following a slightly bullish channel patter. watch carefully to make a correct entry and we surely can make some bucks!!! Hope there is no sudden breakdown due unexpected market conditions.
happy trading ya all ;)
INTRADAY STRATEGY FOR BANK NIFTYBEST FOR INTRADAY
ON MACD DEFAULT VALUE FOR 15 MIN.TIME FRAME GOOD RETURN
bank nifty near supportbanknifty might fall from this level
(need high pressure of volume to reach upside levels)
Inverted HNS pattern on RBL Bank 1hr timeframe initating a long RBL Bank is been trading in a range and formed a Inverted HNS pattern on 1hr TF.. and the neckline brokeout on 7aug. now the scrip its retesting its neckline.. a long trade can be initiated here with stoploss of previous swing low for target of recent swing highs and even more...
Banknifty levels for 11-14 Aug-20(Weekly)Buy above 22030 for 150,300,700+++
Sell below 21875 for 150,300,700+++
Can comment or ping me for any query
All views for Educational purpose, Trade at your own risk
Axis At Important levels446-447 levels seems very important levels.
Stock has broken this level, But tomorrow if it opens below the level then we can look for short opportunities.
However if not we can look for the long opportunities in Axisbank.
SBI Range boundSBI must break 200 levels to give further movement upside.
With a solid previous quarter results, Holding and waiting for the breakout.
bank nifty bank nifty break upside 22380 above strong buy
tgt for buy 22550,22745
as well as break down side 21800 below strong sell
tgt for sell 21560,21384,21003
market going asending trangle shape
Expecting BANKNIFTY to break Lower Trend line, Waiting to Short.Banknifty moving in a channel and narrowing its range thus hinting us to break the lower trendline. Might be risky as we were entering before the breakout but if this thing works we may easily capture around 300 points.
Most of the people might be wating for breakout of lower trendline thus entring before the audience to have the first mover advantage, if it will break the trendline we might see impulsive move.
So Enter Short Below 22150 for targets of 50,100, 150, 225 & 300 with sl around 22380.
Also if it somehow manages to move above 22400 we might be Entering Long for Targets of 50,100,200 &300 with Sl around 22200.
Canara bank boxtrading in sideways enter at 98.80 with a strict stop loss or else enter when box breakout upwards for a target of 111
Darling - Break out Bank NiftyHi Guys.
COnsistently bank nifty and nifty r in uptrends. Nifty Pe ratio high. But FIIS making nifty to 11500. If nifty moves yes, bank to hope so...Tomorrow Bank Nifty can reach New high 22544/- Charts are purely for educational purpose Only.
Regards
AKS Dubai
