Axis Bank Simple Trend Analysis!!AB can bounce from 1169 to 1189 in coming days and Ab has broken daily & weekily resistance trendline and also retested at the end on the day.
May a bounce can come if open above weekly trendline (1170) or gap up. if not another buying oppurtunity is will be at 1144 where both daily n weekly are intersecting.
Bankingsector
"It’s been a year now—could this be the turning point?"❓What do you think about this merger and future growth of IDFC First Bank?
⭕️"Can IDFC First Bank still become the next HDFC Bank?"⭕️
📍An order block zone is a price range where large institutions have placed significant buy or sell orders, creating strong support or resistance. These zones often lead to price reversals or consolidations
📍It help traders identify where the "smart money" (institutional money) has previously influenced the market, giving insight into likely future price reactions around these levels.
✅Technical Analysis:-
"For now, there is a bearish trend with a strong sell sentiment. However, once the order block is confirmed, the price may shoot up like any other stock."
✅Fundamental Analysis:-
⚡️A rise in IDFC Ltd could enhance sentiment towards IDFC First Bank.
⚡️Increased stock may improve the combined entity's market valuation.
⚡️profit after tax of ₹201 crore for Q2 FY25, up 28% compared to last year
⚡️The merger aims to enhance operational efficiencies and align management practices with leading private sector banks
✍️Nifty50 is officially below the BUDGET2024 swing low as of today. The support level of 23900 was tested and sustained today. Considering the chart structure more weakness is expected.(Take this into consideration too, while investing or trading)
👀IDFC First Bank's stock has declined recently due to the following issues:
⭕️The bank experienced a 10% drop in net profit for Q4 FY24
⭕️Provisions increased to ₹722 crore, raising concerns about managing non-performing assets effectively
💡Conclusion🎯
IDFC First Bank has established itself as a significant player in the Indian banking sector, focusing on retail and corporate banking services. The recent merger with IDFC Ltd. is expected to enhance its growth trajectory and operational efficiency.
✅Check out my TradingView profile to see how we analyze charts and execute trades.
⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
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STATE BANK OF INDIA by KRS Charts18th September 2024 / 11:11 AM
Why SBIN ❓
1. All Time Bullish Stock with Strong Fundamentals. 👌
2. Once a Resistance Now look like will worked as a Support . ✅
3. Further, Retested and made Bullish Hammer on support 🤩
Simple Bottom wick of Hammer will be SL on 1D TF closing basis 765 Rs.
Target is ATH for Now 900+
Double Rounding Bottom | HDFC BANK1️⃣ News on HDFC Bank
📍IPO Launch: ₹12,500 crore IPO for its subsidiary, HDB Financial Services
📍Profit Growth: 5.3% increase in net profit for the last quarter
📍Stock Surge: HDFC Bank shares have risen nearly 20% in three months
📍Market Position: High market cap and favorable investor sentiment
2️⃣Technical Analysis
⭕️Support around ₹1,500; important for maintaining upward momentum.
⭕️Breakout above ₹1,700 for potential buy signals.
⭕️Moving averages indicate bullish momentum.
⭕️Overbought territory suggests potential short-term corrections.
⚠️Conclusion
Strong fundamentals, including solid revenue growth The merger with HDFC Ltd. enhances its market presence, but it faces some margin pressures. Overall, it’s a good time to buy HDFC Bank stocks for long-term stability and growth, while keeping an eye on potential short-term volatility.
✅Check out my TradingView profile to see how we analyze charts and execute trades.
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Bank Nifty ( Neowave Update)Hi everyone,
We made the last video of bank nifty past two weeks ago in which we cover from short term to long term scenerio. Here in this video we only discussed further about short term scenerio as long tem scenerio needs to updated in 4 to 6 month.
If you have any query related to this or any other stock you can leave a comment, we will surely get back to it in our next video.
Thank You.
Bank Nifty ( Long Term forecast)Hi
Everyone this is an long term forecast which is an direction movement for the next 6 month of Bank Nifity. These forecast will be updated once every month.
Thank You
Coding Details
## L stand for long Term Trend
## LA stand for correction cycle of long term trend
## M stand for Medium Term Trend
## MA stand for correction cycle of Medium term trend
## s stand for Short Term Trend
## SA stand for correction cycle of short term trend
______________________________________________ ___________
Medium & Short Term Forecast
# This forecast will be updated once a week and there will be an weekly analysis video for bank nifty.
ESAF Small finance 50.73 - Buying Opportunity 30-40% returnsESAF is almost trading at 52 weeks low and company is paying Rs .70 dividend.
The company's balance is good and stock can give good returns in coming days.
There's good support at 49 levels and RSI is in Oversold zone. if the stock price is around 49 and rsi is above 30 then buy stocks and exit once your target reached.
Long term perspective stock could give up to 50% return
PNB, Intraday View for 25-JuneToday we got the same move as we discussed on yesterday. Now the price has broken the support of 126 but we have a hammer candle. For tomorrow the volatility could be high.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 6-JuneThere are two main levels to watch one is S1-120.75 and the other is R1-131.55
And today the price has managed to close above the S1.
Also keep in mind above 131.55 we will be in a positive trend and below this level we are in a negative zone.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 3-JuneA bullish hammer candle has been formed and given the breakout of the compression zone.
Also the degree and nature of separation in both bands indicate the start of an uptrend but we need a confirmation candle.
CMP-129.45
R1-131.55
S1-123.50
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
BankNifty, Technical OutlookToday we have a bullish Hammer Candle.
Breakout of the STMA band and separation in the LTMA Band indicates an up-move.
The price could test the levels of 49,488.
For support 48,315 is important.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Union Bank | Swing Stock | Best Opportunity in Banking sector
#UnionBank is approaching a critical breakout level, with technical indicators reflecting improving momentum. The bank's market capitalization is robust, signaling strong financial health. Additionally, the banking sector as a whole is poised for significant growth in the coming days. Investors should closely monitor UnionBank , as it presents a promising opportunity for potential gains. Keep it on your watchlist and track its performance regularly.
- good market cap
- pe is lower
- sector is preforming well
- good for long term as well short term.
Do you own analysis and trad with your own risk management. its not personal recommendation.
please Like| share | comment your views
Best of luck
Regards,
PNB, Intraday View for 22-MayAfter a strong break of structure, the price has been trapped in the compression zone. Also today the price is rejected by the resistance level of 128. The probability of a negative candle is more than 65%. For Intraday the level of 128 and 124 is important for trade decisions.
Intraday 5m | Trend Negative
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
HDFCBANK AnalysisHDFC Bank's Q4 performance has been applauded by many.
The amazing improvements in the deposit growth of the bank and improved fundamentals makes the stock look good for a medium to long term investment.
Here are the details-
CMP- 1524
Targets- 1580 (Short to Mid Term), 1600 (Mid to Long term)
Trailing Stoploss- 1465
Duration- Atleast 2-3 weeks, scope for long term investment.
Let me know what you think.