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Bankingsector

HDFCBANK may retest 975 if goes below 1025Hi Traders! HDFCBANK has shown small rejections at its weekly support trend line. If it moves upwards it can be traded for 1069, as 1069-1079 is area of strong monthly resistance. If HDFCBANK falls below 1025 comfortably, it will retest 975. So keep close watch and follow the strategy as follows:- In case of upward move: Intraday traders/Short term traders can take an entry at current market price for a target of 1069. Long term traders should wait for Stock to comfortably close above 1079 or if its retest 975. This is not a good entry point for long term positions. In case of downward move: Short term/intraday traders can short the stock for target of 975 at 1025. Intraday traders, keep following for intraday trade opportunity calls and ideas. Will publish them as and when I see a good opportunity in stock movement.
NSE:HDFCBANK
by shikhagupta2589
3
Once again ICICI BANK can breakthrough all bulls expectations.ICICI Bank can move towards 400-414-434. Below is my strategy for traders in this banking stock. Upwards:- Wait for ICICI Bank to take a direction. It currently stands at its resistance of 380. If this moves upwards or opens with gap-up, take an entry/buy position at 386-388 only after it touches 388 atleast once. Entry point: 388, SL: 378, Target: 400 (Intraday), 414 (within 2 days), 434 by next week. The stock is exhibiting uptrend and should achieve the targets as quoted above. Downwards:- The next level/support is 343. The long positions can be squared off at 372 in case of downward move(not in case of gap down opening, hold for pull up in this case and then consider this whole strategy). You could short ICICI bank to see intraday lows of 354 or 343 within next 2 days.
NSE:ICICIBANKLong
by shikhagupta2589
1
RBL BANKRBL BANK, is showing a bullish momentum till now BUY at arrow and SELL as it touches the upper trend line, if it crosses the trend-line then wait you could have more profits to come dont sell till 230/- clear cut it level, why 230/- levels because RBL BANK too much sold by the BIG PLAYERS in the market but it also seems that they are again get interest in this particular stock might be the reason that RBL BANK fundamentals 230/- its clear cut level and it will touch it in the coming september if it broke the levels if dont then a short term down trend till < 160-162 > buying at 160-162 will be profitable if its not breaking its lower trendline plz keep in mind before taking the trade for intraday levels 170-180 for tomorrow
NSE:RBLBANK
by KINGJAMES-KNIGHT
Bank Nifty starting a Trend Reversal?? - Weekly chartsBank nifty has broken the dow theory concept of Higher low and Higher high in weekly charts. As per dow theory trend changes when the last higher low is broken, so we can clearly see a trend reversal in Bank nifty. The last Higher low was - 26560, so if the BnF close below this by end of this week. Then we can expect trend changing. Also two key Moving averages are very close - 50 EMA is broken which was a good support for BnF and 100 EMA is also very close. If this is broken a huge downfall is expect between 5k to 7k points.
NSE:BANKNIFTYLong
by altinvest
1