BANK
SBI Important levels SBIN tried too cross 200 level many times in past few months and fails, again it is near 200 level , therefore I consider this as important zone. however if it give close above 200 , new level will open for SBI.
NEWS : Since news are bit positive for the short term for banks it may surely touch the 200.
INDUSIND BANK Cup and Handle pattern!! swing trading !!
!! follow 1:3 Risk Reward Ratio and 2% Rule !!
!! please note trade with caution and manage your risk !!
!! all views for educational purpose, trade at your own risk !!
Request you all to like or comment on views as then I come to know that how much engagement on the post.
Paypal donation - paypal.me/shubhamkhan
SBI Breaks - Negative Trend - Step into Green Fundamental View
After announcing Q4 result SBI jumps up to 5% and 8% with in a day.
Net profit jumps to Rs 3,580.8 crore in the January-March quarter compared to Rs 838.4 crore.
(Net profit includes a one-time benefit of Rs 2,731 crore from sale of stake in SBI Cards & Payment Systems.)
SBI’s asset quality improved over this quarter(Q4).
Technical View
Technical chart also looks green for SBI.
Price level Crosses 50MA.
Breaks the downtrend channel.
Bullish engulfing candle on Monthly chart(Candle not closed yet).
Very high Volume.
My trading system gives long on SBI.
Follow your system and Trade/Invest accordingly. Be safe and use opportunity.
Disclaimer
This idea is only for educational purpose. Do analysis before investing or trading.
Thank You
ArunPrakash
Trader
(Intraday) Sell! HDFC BANK
1. As mentioned in my previous study we are now at reversal level (Link is mentioned below).
2. ON Drawing Cypher Pattern on the previous AB-CD Level.
3. to satisfy, cypher Pattern level 78.6% level will be the reversal level , D= 850.
4. Sell Below 897 Target: 888 , 882( Trend Line Collision Level).
IF YOU LOVE MY STUDY PLEASE LIKE + COMMENT. IF YOU WANT MORE STUDY FROM MY SIDE PLEASE FOLLOW MY PROFILE.