Banking
banknifty with take a resistance and back to support.this a only purpose for seeing the next level.
please take a trade with at your risk.
will Bank nifty break 35000?Where is the smart money deployed 35500 CE, 35000 PE?
IV majorly 30’s in between 35000 - 36000 CE, 25-28 between 35000 - 36000 PE
Spot price → 35116, Futures Feb → 35148, Futures Mar → 35218
Current price structure bearish and took huge rejection from 35600 and 35350 this was a gap on the bull run and also seems like bnf is trying to breach 35000 level but failed to breach as this zone is the demand zone
BNF Next key levels S1- 34870, S2 - 34260, R1- 35350, R2 - 35574, R3 - 35862
BNF RSI - 1hr taking support @30, daily broke 60 level could see as a negative sign, Weekly RSI @70
SBIN key levels → CMP - 395.6, Support - 385/6, Resistance - 400/1
HDFC Bank → CMP - 1529.15, Support - 1500, Resistance - 1540
Broke important level 1540 previous supports on 1hr trend and supporting at 1525 in intraday
Could see price moving down till 1500 and retrace back a short recovery, if not recovery 1465-1470, 1440 next downside
Kotak Bank → CMP - 1872.95, Support - 1840, Resistance - 1900
Heavy profit booking gaped up 1965 to 1865
Could see some more profit booking and then a short recovery
ICICI Bank → CMP - 616.30, Support - 610, Resistance - 620/22, 638
If price breaks downside psychological levels should be the support zone, 600, 590,570/60
ICICI bank looks better as it didn’t break the important support zone yet but stay cautioned
Axis Bank → CMP - 715.95, Support - 715,691/3, Resistance - 725, 736
At important support level
karur vysya bank trend reversal seen in this chartsthere are three point taken out from the charts -
1) trend reversal like v shape recovery
2) increasing volume in recents weeks
3) all oscilators showing positive movementum like RSI,MACD etc
Bank Nifty CorrectionSince 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.
MASFIN 40% GAIN IN 2 MONTHS?MASFIN was strong before lockdown.. if the market remains bullish for the next 2 months then the stock can give 40+ percentage from current value.
The first target should be around 1100 and second target around 1200
If the market falls then the stock can take a hit
Be careful and do not take a loss of more than 15%
An investor can take exposure of about 5-10% of the total stocks portfolio but buy in 5 steps - never go all-in at one trade.. average your position!
ICICI bank break out above current levelsICICIBANK has reached it's highest point since the fall in March.
Buy above 417.
Target - 13 rupees upside
Stop loss 413
#BANKNIFTY upside move seems completedBanknifty has completed a ABC zigzag into the 50% retracement of the Sep fall. This direction now will be down with a stop above yesterdays high
ICICI Long: Buy above 374.20 for a target of 399Hi Traders,
Go long on ICICI above 374.20 for a target of 399. Booking a profit of Rs 25. The move is expected in 3-6 trading sessions.
#ICICI #ICICIBANK #BANKING #LONG #Safetrade.
HDFC LONG position. Targetting a profit range of Rs 65-70 Hello Traders,
With HDFC forming a head and shoulder pattern with support placed at 1079, we can see a good upmove from current level. Keeping SL at 1079, The profit range seems to be 1064-1070 .
I suggest going long on HDFC, and see this target achieved in 5-8 trading sessions.
#HDFCBANK #BANKING #LONGONHDFC #PROFITEOF65to70
SBIN to breakout: Much above support and far below resistance.Hello Traders, this one is positional trade strategy.
SBIN is trading at verge of breakout level. Its above support line with no trend reversal signs, but far below resistance.
If it picks momentum and breaches 202, be prepared to reap profits. Enter/Buy the stock which is on journey to 244. On crossing 248, it will head towards 280.
These levels are expected to be reached in sudden jerks. Thus I suggest positional trades here.
Entry 204, Target: 244-248-280.
No SL required for positional traders.
Entry: 206, SL: 202.50, Target: 224-230-244 for Intraday traders.
Intraday traders should enter only when they see great momentum from 201-204.
HDFC BANK has very high potential and can be your jackpot stock.HDFC Bank is all set to embark on its journey towards 1248-1297 followed by 1315 levels. Below is my strategy for traders in this magical stock.
Upwards :-
When the market opens, wait for HDFC Bank to take a direction. It currently stands at its strong support of 1138. If this moves upwards or opens with gap-up, wait for it to touch 1185.20-1187 post which I expect a pull back to 1172-1173 level. That is your entry point.
Entry point: 1172, SL: 1152, Target: 1248 this week, 1297 next week.
The stock is in strong uptrend and should achieve the targets as quoted above.
Downwards :-
If HDFC Bank moves downwards, I strongly suggest to keep away from cancelling your positions if you have held. You could short HDFC bank to see intraday lows of 1121 but the HDFC bank is targeted to move upwards in a weekly time frame.
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Notice for Intrday traders: I strongly advise to keep away from HDFC Bank in intraday trades. For maximum benefits go for weekly/short term holding if the stock follows Upwards movement as mentioned above. In case of downwards trend, the support lies at 1067 and you could expect that level only if price breaches 1107. Since the gaps are high, I suggest intraday traders to keep away from speculation for two weeks. Incase you want to trade on volumes, one can trade in futures of HDFC Bank with atleast 3-4 weeks expiry date in future.
RBL BANK Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
#BANKNIFTY #NIFTY #BANKS #BANKINGSECTOR #INDIA #CORONA #COVID19 Recovery of Indian Market has just begun.
The 'double bottom' breakout for the Banking Sector Index explains a strong potential to rise up
Nothing much to comment. Marked short term targets.
CORPBANK -- CORPORATION BANK LONG -- Low Risk High ReturnHello Traders & Investors,
Corporation Bank ( CORPBANK ) is having a strong potential upside. The chart explains all of it.
Firstly, The large volume traded made the prices reach the local maximum of Rs. 29+.
Then we see a flat consolidation phase.
And now finally, there is a new technical breakout.
CMP-25.55
The stock has potential to reach 35 in less than 24 candles, which would be approximately 37% returns from now.
Other than that, there are technical indicators like MACD & Stochastic explaining a good time to enter and enjoy the uptrend.
The rally might slowdown at about 29, reaching the multiple highs, but the potential is to break above the multiple tops.
Over the time it reaches and breaks above 29, we will be sure of the pattern "Head & Shoulders" and thus the Long Position fruitful.
All the best & Enjoy with the rally.
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BANKNIFTY ANALYSIS HELLO TRADERS,
As we can head and shoulder pattern are making banknifty spot chart on daily time frame.
there is two types of head and shoulder making. If shaded h&s made so breakout is confirmed today
OR curve blue line h&s work then isn't yet breakout confirmed we need to do wait for breakout hope we can see breakout tomorrow.
BULLISH LOOKOUT- If banknifty open gape up and took support of 31100-31120 and trade above this level then we can see bullish move in banknifty resitance will be 31310-31350.
BEARISH LOOKOUT - If banknifty open gape down and took resistance of 31900-31800 and trade below this level then we can see 31500, 31300 level as bearish trend as breakout we can see more fall in banknifty if breakout done or happen tom.
CONSOLIDATION ZONE - 31900-31050 beware to take position in this range.
BankBaroda - Long Swing TradeNSE:BANKBARODA
Stock is testing long term support levels. Accumulation with outperformance against Nifty50 index is notable. Price confirmation is required before initiating longs. Should be watched.
