if blue trend line break then we can expect further downside on positional basis on BNF till 30500-28000 level
HDFC 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...
Since 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.
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.
HDFCBank - 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.
Axis 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...
Expect Bank Nifty to fall from 32750 - 32800 Range , as per Harmonic Pattern. Trade at your own risk, this is just a technical study.
Kotak needs to break above the daily support trend line to show any sign of strength. Else could see more weakness.
Box breakout awaited for hdfc bank
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.
THESE 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
ICICI 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...
AS PER THE CHART BNF IS CLEARLY MOVING TOWARD ALL TIME HIGH.
banking sector is now have more potential .
INDEXNSE: NIFTY_BANK Looking Bearish Go For Short-Selling.
Since the last couple of trading session (HDFC bank) consolidates in sideways trend. It seems this stock now ready to ride on horse.