The overall banking sector is suitable for buying opportunities, SBI Bank has been the most appropriate stock for a long and it is near to all-time high, if there is any pull bank it would be buying on deeps.
Banknifty has broken down a descending triangle pattern, in best case scenario there may a pullback up-to 35600 level so plan your exits from bank stocks accordingly. we can see a fall up-to 27500 in coming days. avoid buying until there is a proper formation of bullish reversal pattern
📈 Indusind Bank 📉
My Findings :-
1. Breakout from a resistance zone which was support earlier also with a strong candle.
2. Close above five months high.
3. Higher High and Higher Low formation.
Bias- Long
Target- 1139 and 1229
SL- 930
RR- 1: 2
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing...
NSE:YESBANK
=Rectangle formation after a bear trend indicating short term trend reversal.
Yes bank has witnessed a very long bearish downtrend.
Yes bank has taken a support of lifetime low and its is consolidating heavily around that zone for more than a year
Have given a breakout from rectangle formation on daily timeframe with volume spike.
...
📈 HDFC Bank 📉
This Stock Broke out from a Downtrending Trendline Zone after testing four times with a strong green candle.
Bias - Long
Target - 1566, 1688
SL - 1429
RR- 1 : 2.5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult...
📈 Bank of Baroda 📉
This Stock broke out from a Resistance zone of 105-108 after testing twice. I am biased on long side because todays candle is strong green.
On Buy Side I am looking for Targets of 118.
StopLoss should be kept at 105.
It offers 1:1 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing...
Hello, banknifty analysis & technical levels for tommrow above: 36,000 index will go upto 37,700 will be resistance (target identified from harmonic xabcd/abcd pattern level 0.786/2.0) & below 35,370 if breaks index will go upto 34,100 will be support.
LOGIC BEHIND TRADE: Index is trading in range (36,000-35,370) breakout & breakdown of range will decide market...
H Chart
1. Buy above 36000 level
2. Sell below 35000 level
Disclaimer :
> This analysis is for educational purpose only.
> Keep an eye on global market as well, trade as per market condition.
NSE:BANKNIFTY
Hi
In this forecast we have added our all the past forecast of 3 weeks for bank nifty . Check out them and see the difference in trade with neowave.
Thanks.
Hi everyone, Banknifty analysis & view on hourly chart index looks bearish and formed (M) pattern & from 37,300 index can take bounce & if breaks can go upto 36,400 & 35,500 (targets identified from harmonic xabcd pattern level 1.272/1.618) banknifty index looks bearish.
Keep this stock in watchlist.
1.Inverse Head & Shoulder pattern formed
2.Breakout with high volume .
3.Seems like there is nothing to retest.
Buy above - 105
Targets mentioned in the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades...
Hello Everyone
This is an continuation update from Friday forecast, likely for 1-2 days view for bank nifty .
This structure will be cancelled when invalidation level will brake.
Hello Everyone
This is an continuation update from yesterday forecast, likely for 1-2 days view for bank nifty .
This structure will be cancelled when invalidation level will brake.
you can use 1hrs time frame 2x ATR as a stoploss.
Hello Everyone
This is an continuation update from yesterday forecast, likely for 1-2 days view for bank nifty .
This structure will be cancelled when invalidation level will brake.
you can use 1hrs time frame 2x ATR as a stoploss.
