HAMMER IN SBILIFE ???#WEDNESDAY#
NSE:SBILIFE
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BUY :- SBILIFE!!!
{
TRIGGER:-1070
TARGET:-1111-1200 even more....!
SL:-1021
};
WHY TO BUY ??
{
after a HUGE CORRECTION from past a month(AROUND 20% from its high) ,it's forming a HAMMER CANDLE (on WEEKLY CHART).
wait for this week ,let candle to form completely.
if it forms support ,we can see huge POTENTIAL in its growth.
BANKING SECTOR will recover faster than INDEX.
HOPE PEACE TALK of RUSSIA-UKRAINE begins SHORTLY !!!
}
Like👍 , Follow @VK2413 ,🙏 Share love ❤️ ;
} HAPPY TRADING;
Banking
Bank Nifty Continues to Lead the rallyStarting December banking stocks are leading from the front, and there is a change in trend. Banks surpassed yesterdays high ahead of Nifty and the Rohits Momentum on hourly had a clear buy signal that did not whipsaw like it did on Nifty. Banks should continue to outperform the Nifty in the days weeks ahead and for 2022 as a whole in my view.
Bank of Baroda [Weekly]Depending on the overall Market Conditions BoB looks good for grabs between 86-88. Should BoB bounce from support, you can probably capture anywhere between 10-12% (in a decent /responsive market).
Please read the overall market condition before investing. This is not an investment advice. It is just my point of view from a weekly perspective /time-frame.
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Keep in mind that if the overall market dips, most stocks will also go skinny dipping.
Happy Trading!
SHORT TERM VIEWLOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
Kotak bank on watchlistKotak Bank can be kept on watchlist for entry above 1825 on below confirmations:
- Stock has moved above 200/50/20 DEMA confirming reversal.
- Resistance at 1825 needs to be cleared.
- Target ATH 2070
- SL Below 1740/20 DEMA .
* only for educational purpose. Not a recommendation.
HDFC BANK ( LONG )here we are having a look at HDFC bank as you can see in the photo itself we can clearly see the stock has given breakout from a downward channel and that's a good sign for bulls as we come to the end of June the next month would be playing an important role for this stock since INDEX nifty has already made a new all-time high we are expecting bank nifty to be in the same range or pace since HDFC bank is heavyweight of bank nifty still room to move there are some important levels to look out the stock has tested the zone of 1520 multiple times and it is having high chances of breaking that level in coming days
one can take entry after the breakout of 1520 with STOPLOSS of 55-60 points with the target of 1640 level and the stock is showing some strong long build-up so we can expect bullish move in the coming days
DO FOLLOW YOUR RISK TO REWARD RATIO
Disclaimer- I am not SEBI registered advisor. All views shared are for educational purposes and should not be considered advice of any nature. Learn and Earn.
PNB – Accumulation Phase with Volume wait for breakout.Entry – above 42.55 only (else Stock is in Sideways Trend)
Stop loss – 33 (Trailing Stop 39.5 after Price gives a run up)
Target 1 – 59.7
Target 2 – 85.4
Duration – 1-2years
Fundamentally, No one knows how to value Public sector Banking Stock. And PNB had a Bad history with Nirav Modi Case. So No one knows Quality of Loan book.
Technically, Good Accumulation is seen in this script around 33 to 39 levels. However selling Pressure seen around 42.55
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Axis Bank | Intraday Strategy for 17th MayAxis Bank is in downtrend and has broken its support level of 688. It has a gap between 677 and 681 which can be filled. If the downtrend continues short it below 677. Do not short if the market is +ve i.e do not trade in reverse.
Intraday Levels :
Buy above 689 ...targets -> 695 , 700 SL 685
Sell below 677 ...targets -> 671 , 665 SL 681
TIP : Wait for 10 min candle to close ABOVE/BELOW the given levels for confirmation. If the rates go far beyond the levels within those 10 minutes... do not trade
THESE LEVELS ARE JUST FOR EDUCATIONAL PURPOSE. TRADE ACCORDING TO YOUR RISK MANAGEMENT.