Indian Bank is currently trading at half of its Book Value of 360 and at a P/E of 5.85. it has recently brokeout after formation of Inverse Head and Shoulder pattern and once achieving its targets it will reach its old resistance that forms the CUP with a depth of over 371 points (2x its existing price) which might lead to price to 750+ This is not a BUY or Sell...
Look at INDIAN BANK, giving a strong momentum after recent breakout after formation on inverse Head and Shoulder. This is my very first post here, i am open to learn if I am not doing it right. Show some support.
Levels for Bank Nifty Based on price action Buy above 38852 tgt1-39066 tgt2-39278 sell below 38157tgt1-37828 tgt2-37532
Banknifty on the weekly time frame has closed just below the 38.2% fibonnaci level and has formed a dragon fly doji after testing its 20 ema on weekly time frame. The market, on the daily time frame, has formed a bullish engulfing candle and almost engulfed 2 previous candle on whole. Though the market is trading between both the emas, and global cues are...
Nifty in the weekly time frame has given a dragon fly doji candle. The market has closed just near the 20 ema and the market can retest before falling further. On the daily time frame analysis, the market has given a nice moment in the last trading session and engulfed almost 4 daily candle and closing just near week's open. Market has tested its 200 ema and...
Banknifty standing above an extremely strong support of 38608. if banknifty moves above from where it left off then it may easily cross 38781. and may reach to the level of 38947. between 38947 to 39108 is also an extremely strong resistance zone. If Bank Nifty crosses over 39108 then it may also cross 39301 and may reach to the level of 39483. if banknifty...
NSE:BANKNIFTY Trade Setup for 03-10-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up...
The monthly chart of EID Parry shows a multi year trend line breakout with good volumes. But this comes with RSI divergence too. Though the breakout raises probabilities of further upside. The chances of long term upside may gain strength on close above the highest high. Keeping SL at close below the lower trend line.
Hello Traders Good morning 🌞 📈 𝐁𝐚𝐧𝐤 𝐍𝐢𝐟𝐭𝐲 Resistance 36770/37060/37390 Support 36345/35700 -If open flat i will wait for price action i will go for selling, if it breaks 36345 levels we can expect more fall -If gap up above 36770 i will wait for price action i will go for longs 📈 𝐍𝐢𝐟𝐭𝐲 𝐓𝐨𝐝𝐚𝐲 𝐥𝐞𝐯𝐞𝐥𝐬 Resistance 17300/17377 Support 17190/17140 -If flat open or...
#banknifty weekly time frame hammer pattern formation Much-needed correction looks over in the market and we are heading back to ATH. If you don't do fishing in muddy water, then forget about creating wealth. Regards, SG
Major Support Zones For BankNifty First Support Zone For BankNifty – 38495 – 38535 Second Support Zone For BankNifty – 38190 – 38224 Third Support Zone For Bank Nifty – 37827 – 37851 ...
BN opened at 37660 and made a strong red 1st candle, i personally thought we will have a down day, and i held that belief till 10.15 when the first resistance got taken out. I started the day with selling CE options, but when i saw this counter move i squared off CE side and went to the PE side looking for opportunities. The rally from 10.30 to 14.25 is not a...
Banknifty possible two side move anyone trade anyalsis 1 min time frame
The global market indicates a slightly negative start. If the market makes a solid red structure, we will expect correction continuation. On the other hand, if the market rejects sharply, that's a sign of a little bit of trend reversal. And if the market breaks the diagonal pattern, that's an indication of pullback continuation.
#SGX NIFTY is flat opening and #BANKNIFTY is near PRZ level. possible to correction at this level
Bank Nifty Made bearish Shark pattern on daily charts and target seems 35700
Resistance Level: 38085.65 Support Level:37540.85 If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are sustaining or break below support level , we can expect downside move...
BANKNIFTY Intraday Trade Setup 30 Sep 2022 Buy-Above 37850 Sl-37735 T-38125 38350 Sell-Below 37535 Sl-37650 T-37300 37100 BANKNIFTY has closed on a negative note with 0.3% cut. Today it opened with a big gap up and 10 o'clock range broke downside below 37925 and gave a trendy move till 37540. Our positional short's trailing sl is intact to last swing high -...