Bank nifty view of 6th August 2020After market watching levels hit awesome feeling guys. check out the chart all 3 targets on the upside hit and plan worked as per our levels.
BANK
BankNifty buy on dipsI hope you can now see how BankNifty represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
BANK NIFTY at support. Reversal can happen.Bank nifty is in a short term support. Chances of pullback from this level is possible.
Once again ICICI BANK can breakthrough all bulls expectations.ICICI Bank can move towards 400-414-434. Below is my strategy for traders in this banking stock.
Upwards:-
Wait for ICICI Bank to take a direction. It currently stands at its resistance of 380. If this moves upwards or opens with gap-up, take an entry/buy position at 386-388 only after it touches 388 atleast once.
Entry point: 388, SL: 378, Target: 400 (Intraday), 414 (within 2 days), 434 by next week.
The stock is exhibiting uptrend and should achieve the targets as quoted above.
Downwards:-
The next level/support is 343. The long positions can be squared off at 372 in case of downward move(not in case of gap down opening, hold for pull up in this case and then consider this whole strategy). You could short ICICI bank to see intraday lows of 354 or 343 within next 2 days.
Buying opportunity in Uco bankPrice entered in weekly time frame Demand zone
Also EMA 20 support is there
20TH JULY INDUSINDBK TRADE SETUPBuy at 525-527 if it shows strength with good volume with a stop loss of 510. Short if it goes below 510 with a target of 499 with stop loss of 525.
16TH JULY INDUSINDBK TRADE SETUP, LOOKING WEAKSupport and resistance lines are drawn, place stop loss and targets accordingly. The stock is looking very weak below 498.55, take long positions carefully.
16TH JULY BANK NIFTY INTRADAY SETUP.Our support and resistance levels worked like a charm on 15th july. I think the market is weak, trade cautiously near support and resistance levels drawn here.
14TH JULY AXIS BANK TRADE SETUPThe price took support from the trend line. Long position can be taken, watch out for bank nifty before trading.
FEDERAL BANK MOVING IN A TRENDPossible support and resistances are given, place targets and stop losses accordingly.
Trade in the range or wait for a breakout below the range.
SBIN - Rising wedgeAbove Mentioned :
Red lines - Support - 190 , 183
Green lines - Resistance - 202 , 208
Buy at support line with candle confirmation and sell at Resistance line.
And careful , about Rising wedge.
13th JULY BANK NIFTY TRADE SETUPThe possible support and resistance are given. Trading the small range breakout is advisable. With lockdown in some states, the price should further go down. This could be a possible pullback, but with the lockdown restrictions in some states and increasing coronavirus, the sentiment of the market could result in a red candle day. As the big support is broken on 10th of july, the price should further go down.
TRADE THE BREAKOUT AT INDUSINDBKPossible support and resistance lines are drawn, place your targets and stoplosses accordingly.
Banknifty at the edge of the wedge ... Next week crucial for bulls and bears both ... Any fall may be severe
KotakBank (Bullish View)Has been range bound for quite sometime, can give a good breakout soon. SL as per risk appetite, targets 1450 & 1500
Short Term Analysis on SBINAfter a 52 week low of 149.45 the stock has changed the bearish trend and have been bullish
This is just my opinion, i am a newby in the market
Let me know in the comments what you think of this analysis
Banknifty Long Bank nifty in triangle pattern ..safe player wait for breakout. Other players can go for long in entry point.
Have a profitable day
By
Aadhan Trading
A beautiful level for SBI cardSo clearly you can see by the box visual, don't have musch to say about the moment of the stock. Since the stock is not very old listed it is repeating the it's previous chennel zone.
