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.
Bankingsector
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.
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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.
Bank Nifty Neowave Update (13-02-2024)Degree full forms-
L1 stand for Long term wave 1 and so on
L1 stand for Medium term wave 1 and so on
s1 stand for short term wave 1 and so on
Hello Everyone,
Welcome to Trading Idea, This is a short term forecast but trade always in direction of bigger cycles.
Any last minute update will be done on our tradingview live links.
I hope you are enjoying my forecast, if you love the content than kindly like and share it with your friends. Also keep following us for more neowave trading ideas.
Thank you
Medium Term Forecast
Neowave Bank Nifty UpdateDegree full forms-
L1 stand for Long term wave 1 and so on
L1 stand for Medium term wave 1 and so on
s1 stand for short term wave 1 and so on
Hello Everyone,
Welcome to Trading Idea, This is a short term forecast but trade always in direction of bigger cycles.
Any last minute update will be done on our tradingview live links.
I hope you are enjoying my forecast, if you love the content than kindly like and share it with your friends. Also keep following us for more neowave trading ideas.
Thank you
Medium Term Forecast
Bank Nifty created pattern will it work or not?
As chart shows a flag pattern has been formed in 30 min time frame and also bank nifty traded tightly today. which conclude that this range can burst out either bullish or bearish.
Another thing to notice a bullish wick reversal candle has formed which gives a hint for bullish side strength into bank nifty
May be a gap opening for tomorrow also expecting a trend day or more tight range day. Trade on retest only avoid flase breakouts
Resistance : 45600, 45800-900
Support : 45400, 45139
Note : Do your own analysis before making any trading decisions.
Union Bank 80% Gain Chance...Union Bank of India is engaged in the Business of Banking Services, Government Business ,Merchant Banking, Agency Business Insurance, Mutual Funds, Wealth Management etc.
- Company has delivered good profit growth of 29.5% CAGR over last 5 years.
- the Largest PSB in Business Mix
- 9.4% Share among PSBs in Business
- Operating Profit ₹ 14,400 Cr
Increased by 19.76% YoY.
- Net Profit ₹ 6,748 Cr
Increased by 98.11% YoY