IDFC FIRST --SWING TRADE --28/02/2023IDFC FIRST BANK --SWING TRADE --28/02/2023
1. stock seen lower channel breakout last hourly candle
2. support form around 54 level and move above 21, 44 HMA on hourly chart
3. BUY near 55 LEVEL target 56-57-58 ( 1-2) session stop loss bellow 53.25 level
4. bank nifty seen some pullback from oversold level
5. CCI , ema crossover seen .
** THIS IDEA IS EDUCATIONAL PURPOSE ..trade at own risk ..
HAPPY TRADING .!!
BANK
[INTRADAY] #BANKNIFTY PE & CE Levels (28/02/2023)Today will be a slightly gap up opening in BANKNIFTY. Expected opening below 40450 Level. After opening possible further downside of 400-500 points from 40450 level upto 40050 level. And this can extend for another 400 points if it gives breakdown of 39950 level. Any Bullish rally is only expected in case banknifty starts trading and sustains above 40550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(06/02/2023)Today will be a flat opening in BANKNIFTY. Expected opening above 41500 Level. After opening if banknifty sustain above this level then possible upside rally of 400-500 points upto 41950. And this rally can extend for another 400 points if it gives breakout of 42050 level. Any Major downside only expected in case banknifty starts trading below 41450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(27/01/2023)Today will be a gap up opening in BANKNIFTY. Expected opening below 41950 Level. After opening possible reversal of 400-500 points from 41950 level. And this can extend for another 400 points if it gives breakdown of 41450 level. Any Bullish rally is only expected in case banknifty starts trading and sustains above 42050 level.
AU Small Finance Bank Limited ( Swing Trade)ABOUT
AU Small Finance Bank Limited is engaged in providing a range of banking and financial services including retail banking, wholesale banking, treasury operations and other services.
BUSINESS SEGMENTS :-
Personal Banking: It includes branch banking (Savings Account, Term Deposit, Bank Locker, Life & Health Insurance, General & Fire Insurance, Mutual Fund and 3 in 1 Trading Account) and Loans & Advances (Vehicle Loan, Home Loan, Personal Loan, Gold Loan, and Credit Card).
Market Cap = ₹ 45,284 Cr.
Current Price = ₹ 680
High / Low = ₹733 / 462
Stock P/E = 36.0
Book Value = ₹ 119
Dividend Yield = 0.07 %
ROCE = 7.19 %
ROE = 16.6 %
Face Value = ₹ 10.0
PROS
Company is expected to give good quarter
Company's median sales growth is 38.1% of last 10 years
CONS
Stock is trading at 5.71 times its book value
Company has low interest coverage ratio.
Promoter holding has decreased over last quarter: -2.63%
Company might be capitalizing the interest cost
Note : Good For Swing Trade
Bank NIFTY 30 Minutes chart break outBreak out is possible as per the Bank nifty 30 chart - seems like inverted head and shoulder - though it was not exactly like that.
But any break out from that level will ensure 200 points in Bank nifty ,where we can buy Bank nifty 43100 CE 22nd December expiry
Ensure strict stop loss of 30 points below from your buying price