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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
NSE:BANKNIFTY
by Neowave-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
NSE:BANKNIFTYLong
by Neowave-forecast
6
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.
NSE:BANKNIFTYLong
by Price_actiontaker14
Kotak Mahindra Bank is ready to fly in blue sky?Hello Guy's, Kotak Mahindra Bank chart looking very attractive, we can see Falling resistance trendline breakout and pull back pattern, and it has formed double bottom kind of pattern too, and today Kotak Bank has posted September quarter result also, Results are mind-blowing, I will write it down here, Sales has come 13717Cr, which is increased by 37% YOY EBIDT has come 3581Cr, which is increased by 427% YOY Net profit has come 4461Cr, which is increased by 24% YOY EPS has come ₹ 22.45, which is increased by 24% YOY So all parameter are showing a huge positivity for this ticker. Chances are high we can see gap up opening on monday. ABOUT COMPANY:- Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance. Other parameters:- Market Cap ₹ 3,51,707 Cr. Current Price ₹ 1,770 High / Low ₹ 2,064 / 1,644 Stock P/E 20.5 Book Value ₹ 563 Dividend Yield 0.08 % ROCE 6.86 % ROE 14.2 % Face Value ₹ 5.00 Debt ₹ 4,18,307 Cr. EPS ₹ 86.4 PEG Ratio 1.06 Promoter holding 25.9 % Intrinsic Value ₹ 944 Pledged percentage 0.00 % EVEBITDA 17.6 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:KOTAKBANKLong
by TraderRahulPal
PNB next Potential Target according to Fibonaaci Chart Type : Candlestick Time frame : Daily Tool Used: Fibonacci Extension Please note that this analysis is based on the geometry of the chart, it is not a data based analysis. From March 2023 the price has moved 85%. But for analysis we consider a strong swing of 65% which is from July2023 to today's candle and the Fibonacci extension is not drawn on the log scale. According to this setup the next potential target is at 89.85 which is a 23.60% level of Fib extension. Thanks Er. Simranjit Singh Virdi
NSE:PNBLong
by ssvirdi
Banknifty levels for intraday 29/August/23Good Morning Mates. Yesterday We have seen Higher highs and highers low formation in Banknifty. Mates Banknifty jumped 263 points to 44494.65 and formed a bullish candlestick pattern on the daily charts. Guy's keep watching 44500 levels, Because if banknifty is going to give successfully breakout of 44500 levels then we can see Banknifty towards 44714/44944+ levels just today or may be till tomorrow. Apart from this we have support zone at 44300/44150 in downside. So today 44500 will make for break levels. So just keep an eye on this levels. Important levels for Banknifty:- Support zone 44300/44150 Resistance zone 44700/44900 Buy above 44554, if levels got sustained at least for 30 Mints. Targets we can see in upside 44717/44944+ Keep stop loss at 44313 Sale below 44313, if levels got sustained at least for 30 Mints. Targets we can see in downside 44131/43938 Keep stop loss at 44554 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:BANKNIFTY
by TraderRahulPal