BankNifty Analysis - Stance Bearish ⬇️ BankNifty was more sensible today. Firstly the gap-up was not so huge to scare away the bears - so they hung around. Secondly, there was no breakaway momentum, by 11.07 things were getting pretty clear that the upmove ran out of steam. 4mts chart link And when the selling came, it was ferocious. Bears also had to make...
The Stock has given a beautiful breakout and is about to retest it levels and give a good confirmation to enter in this stock, targets are huge as per my analysis. Targets are 100,124,145 respectively Only for Educational Purpose Do your own research
BankNifty Analysis - Stance Bearish ⬇️ The chart of BankNifty was more dramatic and powerful. The total swing range was 765pts ~ 1.59%. The support of 47539 was broken only at 14.31 and there was not much time left for the next leg of fall today. 4mts chart link What BankNifty and Nifty have done in January was to take out the stop loss twice. Last week we saw...
BankNifty Analysis - Stance Neutral ➡️ BankNifty opened inline and was looking quite decent till 10.07. The fall that came after that took out 559pts ~ 1.16%. Not quite sure what triggered that fall. Due to this, the impact was felt even on Nifty50. NiftyIT was roaring green at one end and then BankNifty underperforming at the other. 4mts chart link Remember,...
We have compiled the last 3 months of work into an Amazon Kindle ebook with the title “60 Post-Mortems on Nifty & BankNifty Q3 FY23-24” - request you to take a look and provide suggestions. BankNifty Analysis - Stance changed to Neutral BankNifty was not able to break away from the lower channel line. Normally BN swings from the lower boundary to the upper...
BankNifty Analysis: Stance - Bullish Banks were appearing pretty lousy today, the fall did not halt at 10.11 today when Nifty50 found its support. BankNifty went further down and got its rejection only at the bottom level of the ascending channel. 4mts chart link - click here We have never seen an ascending channel that works with so much perfection. Yesterday...
BankNifty Analysis I initially thought the wolf in the sheep’s costume was NiftyIT today spoiling the fun of the Bears. The real culprit was BankNifty - the way it defended its turf today was more than amazing. Even though we had a lower opening, HDFCBANK was staying strong at one end. You know pretty well that HDFCBK alone can drive up/down the index as its...
Identified a channel and consolidation mark. Marked levels for upward and downward movements. Anticipating the upcoming developments in Bank Nifty. Stay tuned for the unfolding narrative. 📊🔄 #BankNifty
Right Time to Invest in HDFC BANK. Buying Range : 1615 to 1620 Stop Loss : @1595 Targets : 1650/1680/1725/1775/1840 ++++++ Reasons to Buy: 1: HDFC bank following a channel from past one year, and now again taking support from the channel low i.e. @1615. So basis idea is that, we will follow the price up to channel high (i.e. @1775-1840). 2:...
As We can see Bank NIFTY is currently in short term Down Trend and is at Key Level, The Chart mentioned above is of 1D timeframe. I think BANK NIFTY is at very indecisive level where the further moments will be defined. We can call the current level as BASE POINT or the Break DOWN LEVEL. Lets See "Jhole mein kya ata hai" :D - Follow & Boost the Post for...
Here, is the chart of Indusindbk, What's your opinion? Bullish or Bearish?
Here, is the chart of Indusind bank which we already shared with your earlier... Lose significant amount today.....
Hello fellow traders, I hope you're all doing well. As you may have noticed, the market has recently become more volatile and uncertain. In light of this, I'd like to share an analysis of a potential future growth stock with you. >>Bandhan Bank has been experiencing a correction in its stock price since it first got listed in the market. Now, if we take a look...
BankNifty Analysis BankNifty was trying to recover from the fall yesterday and it got lucky with 2 news events. Firstly JP Morgan announced its adding India to its Emerging markets bond index - source. Catch the discussion in Trading QNA. Secondly the news broke out that Govt’s commentary that I-CRR withdrawal will give ample liquidity with the banks -...
Story development: Bandhan Bank is recovering from its most recent low of 200, making it more appealing to buy the company because there is very little downside. Why stay so long? 1 - The MACD Indices changed to the better. 2 -Stock is above the 200 EMA. 3 - The risk to reward ratio is high. When to go long ? If the stock breaches the 235 trend line, add a...
Here, is the chart of Largest Public sector bank - SBIN.... What's your opinion? Bullish or Bearish?
Cup & Handle - Neck Line / Supply Zone at 45 Cup Height : 40 Points Target : 85 points If sustains above 85 new breakout zone !!