Buy ICICI Bank with TP of Rs. 700 & 750 for short term and Rs. 820 for Long term (approx. 1 year)
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
HDFC reached its ATH in Feb 21 at 1640.
Since then it has shed nearly 12% and is trading at 1440.
At the current levels it is forming a H&S pattern.
The Squeeze momentum indicator, MACD, RSI , Stochastics all are signaling a continued drop in prices. My immediate target is 1350.
Bank Nifty is looking quite bullish as Nifty 50 is also bullish but one thing that you should remember is that the Bank Nifty is considerably weak then Nifty 50. So you can expect a bullish view tomorrow. A gap up is expected because
1. There can be a break out due to ascending chart pattern that I analyzed in previous analysis. So keep an eye out their.
2. After...
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...
My Analysis:
Stock had initially formed Cup and Handle kind of a chart patter on Daily Time frame and it gave a breakout.
Stock is now retracing after giving a breakout. and bouncing from the support zone of 57.25 - 57.55 which was initially acting as resistance.
All the moving averages are giving Bullish signals.
Hence it's a good buy at the CMP that is...
Bandhan bank it at trendline support level. In this analysis I have also tried to do time factor analysis. Any suggestions for improvement is appreciated. If you like the idea then please gives the thumbs up !!
(Free advice - The longer the chart time frame, the better is the accuracy :) )
🔰 MY thought process :
⭐Elliot waves for the uptrend ended while giving it an ATH now it has broken a serious trendline = downtrend but it's on its monthly support zones which were used to be resistance zones :)
⭐Also at 0.3 fibo so and making a good contraction pattern below the good uptrend line and 50dema, A buy would be initiated if it breaks the consolidation...
BNF looks poised for big up move. Only hurdle is volatility because of monthly expiry where 34250-34000 levels can act as good support. So please follow proper R:R
Levels are mentioned in the chart. In case of any clarity please visit comment section and I shall be happy to answer
Kotak bank swing trade with high risk-return ratio, fundamentals of Kotak bank are also very good and I am bullish on bank nifty if the bank nifty has to perform then Kotak will play a major role in accomplishing the same.
I have applied simple price-action, also ema200 is giving good support. Open to suggestions.
After the five wave rise stock has given a 3waves corrective move in the form of wxy. Considering this correction as a wave 2 completion on larger degree, one should go long on current levels keeping SL of 170 & target for higher in 5 wave impulsive rally. the immediate target should be 220/240
This is just a graph of sectoral indices have fared in the last 30 years or since inception. It's purely for educational purposes and not indicative of any suggestions.
After giving a gap down its daily chart as per Ichimoku is suggesting a retest of 1675 which also coincides with a weekly support. Large Pvt Banks appear to be seeing profit booking since Friday and Kotak Bank in particular looks weak. View negates above 1870
