Banknifty analysis for tomorrow 29th set 2021.Banknifty analysis for tomorrow 29th set 2021.
Both Sensex and Nifty ended in the red terrain. Domestic sentiment was impacted by negative cues from other Asian markets. Sensex is down 829 points and the Nifty tumbled 217 points. Among the sectors, the realty index is down over 3 percent while the IT index shed more th an 2 percent.
BANKINDIA
bankindia stock analysis CHART OF BANK OF INDIA (BANKINDIA)
1. Today we'll discuss another stock i.e. BANK OF INDIA
2. Today Date is 14-09-2021.
3. Currently stock is trading at 56.10 which is shown in image.
4. There is technical target is 84, from 56.10 to 84 is approximately 50 % upmove gain. which mean if we buy at lower price then we have good return 50 %.
5. How much time it takes to reach target, according to my analysis, it takes maximum 5-6 months
6. If we are talking about here book value this share book value is 111 and currently trading is 56.10.
7. Public have only 4.65 holding and promoter which is president of India have 90 holding. Remaining little holdings are in hands of FII and DII.
IMPORTANT RULES
8. Only invest 3 % of your capital in one stock, Please don't ignore this rule because we are investing our hard-earn money here so risk management is best part of trading.
9 We never sell stock in loss.
10. We are investing in equity share.
Disclaimer:- I'll post here stocks analysis for educational purpose where you can learn. This blog is totally educational purpose, not a recommendation of stocks buy or sell.
BANKINDIA - Channel Movement - Possible ReversalThe stock has been in a downtrend since June, moving in a parallel channel.
Currently the stock is touching its bottom channel support line, and is simultaneously near the long term support, and is a strong candidate for possible trend reversal.
In my opinion, it is a bounce back candidate considering many reasons apart from the ones mentioned above:
- RSI is oversold
- Bank Nifty is bullish
- PSU banks are expected to be in limelight
- Price/Book ratio is 0.5, amongst the lowest in banks
Depending on your risk profile, you can either keep a stop loss at 53, or stay invested for long term considering its valuation.
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#RITES CMP264.65 #Target 283 #POWERINDIA #NHPC #NTPC #ModiSpeechDaily Chart
#RITES
NSE: RITES
Short Term Quick Profit
CMP 264.65
Target 1: 272.65
Target 2: 283
SL : 251
Timeframe < 30 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
#INDIANB #BANKNIFTY #NIFTY #BANKINDIA #BANKBARODA #SBIN #STOCK #INDIANB
CMP 115
NSE:INDIANB
Target: 158 // 190 // 245 ++
INVEST !!
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Expectation is for 250 in long run.
Super Bullish on this stock.
From Rachit Sethia with 💚
#BANKINDIA #BANKNIFTY #NIFTY #PSUBANK #STOCK #INVEST #TRADE #PSU#BANKINDIA
CMP: 67.20
Target: 104++
NSE:BANKINDIA
May Hold After Target Reached.
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Might blast to more than 100.
Super Bullish on this stock.
From Rachit Sethia with 💚
#CENTRALBK #BANKNIFTY #NIFTY #PSUBANK #STOCK #INVEST #TRADE #PSU#CENTRALBK
CMP: 16.40
TARGET: 35
NSE:CENTRALBK
May Hold After Target Reached.
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Might blast to more than 35.
Super Bullish on this stock.
From Rachit Sethia with 💚
#PNB #BANKNIFTY #NIFTY #PSUBANK #STOCK #INVEST #TRADE #PSU #BANK#PNB
NSE:PSB
CMP: 36.70
TARGET: 57
May Hold After Target Reached.
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Might blast to more than 57.
Super Bullish on this stock.
From Rachit Sethia with 💚
#PSB #BANKNIFTY #NIFTY #PSUBANK #STOCK #INVEST #TRADE #PSU #BANK#PSB
NSE:PSB
CMP: 18.25
TARGET: 27
May Hold After Target Reached.
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Might blast to more than 27.
Super Bullish on this stock.
From Rachit Sethia with 💚
BANKINDIA - SYMMETRICAL TRIANGLE BREAKING UPWARDSA Bullish Engulfing (BE) is formed on a daily chart, this will breakout upwards on 4 Sep,2020
Professional Day/ Short-Term Swing Trader. Ideas and entities are opinions. Trade at YOUR OWN RISK. I am not your financial advisor. Risk it for the biscuit.
Bank of India - India can bank on.Here's another stock that has just broken out of a range and from its all time lows...Even if it seems like a sharp upmove and conventional wisdom would advice against an entry after a 25% rally over 3 days, the value proposition is very compelling. Get long and stay long...