Please pay attention to the range 695 to 755
If there is reakout or breakdown then consider trading that side, also keep boosting or liking this so that I am reminded to trade the same too !
Honestly, In my opinion there is a great accumulation or distribution happening (I cant figure out between the two) but I surely know that this is the preparation for a...
Strong Stock from Strong sector (PSU Bank): IOB, UCO bank, PSB, Central bank of Ind, Maha Bank already showed momentum.
-One simple horizontal line setup, took support from 21 ema. And now squeezed between 10 ema n resistance level.
ICT concepts coupled with price action
575 was the best entry as it formed a FVG after a MSS and sell side liquidity was taken out.
Au bank released its earnings and although profits fell, NPA,GPA were down as well showing strong management. NII was up 10% which is another major sign and it beat estimates.
Technical signals
Bullish flag with a bullish...
BankNifty Analysis — Stance Bearish⬇️
“The power of a strong support/resistance zone will help you in your technical analysis” — Anonymous.
See what happened today, BN started strong and was keeping its head above the 47465 support for a long time. Between 10.19 to 10.31, there was an attempt to break this SR, but it failed. BN reclaimed the 47700 levels and...
Good to buy CANBK @306-310
Stop Loss : 290
Targets : 320/340/360/400max+++
CANBK is taking good support from the trendline. Good breakout of Bearish trend in longer Timeframe.
Thanks.
Disclaimer: This idea is only for the Educational purpose. Trade at your own risk.
If you like the idea kindly support.
Nifty Analysis - Stance Bullish ⬆️
Recap from yesterday: “We are maintaining our bullish stance for tomorrow as well, but we are not expecting 22600 to be broken tomorrow.”
4mts chart
It was another perfect day for the option sellers, mostly the short straddlers. Nifty struck a narrow range today and had no special adventures. Looking at how Nifty50 traded...
BankNifty Analysis - Stance Neutral ➡️
BankNifty is still stuck at the 47465 resistance level and this according to me was the primary reason why even Nifty could not find the upward thrust. There were 4 specific instances when BN tried to break the resistance and move up but all of them got rejected. This does not really mean that the Bulls are tired or out of...
BankNifty Analysis - Stance Neutral ➡️
BankNifty also gets a stance change today i.e. from bearish to neutral. All that is pending is to take out the 47465 resistance to go bullish. Most likely that should happen tomorrow and we are eagerly waiting to trade on another Saturday. BN closed the day with a gain of 1166 points ~ 2.53%. But unlike Nifty, BN is not near...
BankNifty Analysis - Stance Bearish ⬇️
There is no doubt that the stance on Banknifty is anything but bearish. Even though we started quite okay, we quickly gave up the gains. After 10.23 the intensity of selling was quite strong. And once we came back to the bearish channel the depth of the RED candles kept on increasing. Banks were the first to react to the bad...
BankNifty Analysis - Stance Bullish ⬆️
Although BankNifty created a double top (M pattern) on the 4 mts time frame today, the stance is still bullish. The reason we did not change the stance for BN even though we downgraded N50 was that BN did not even test the support level today. Despite the selling pressure on all other counters, the Banks did not attempt to...
BankNifty Analysis - Stance Neutral ➡️
Is BankNifty bearish? - absolutely not. Is it bullish? It's too early to say. One thing is sure - there is some weakness impacting the banks. Are the unsecured loans haunting them? None of the balance sheets from the quarterly results are bleeding - but something is still bothering them. Today was a fine day for the banks to...
BankNifty Analysis - Stance Neutral ➡️
Strange-looking 1st and 2nd candles and then a flat price action all through the day. It is quite commendable that Nifty’s bearish ghosts did not haunt BankNifty today. Even though we closed just below the SR zone of 45399 - the price action did not give a clear clue if it was bearish or bullish.
4mts chart
Maybe...
BankNifty Analysis - Stance Bearish ⬇️
The unusualness of the last 30mts was more obvious in the Banks - HDFC, ICICI, AXIS and Kotak. Seems a news/event is brewing and we may get some clarity in the coming days. The good thing is that it broke out pretty late in the day, which meant the expiry was not totally screwed.
4mts chart
How many Analysts you know are...
BankNifty Analysis - Stance Bearish ⬇️
The stance for BankNifty was bearish yesterday and it is still bearish today. The highs and lows of today were more or less matching with the levels of yesterday. Visually the price action is more negative than yesterday, the reason being the highs hit today were due to gap-up whereas yesterday’s high was via fighting it out...
