Banks
Banknifty LongI hope you can now see how Banknifty represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Canara Bank: An opportunity! Keep an eye!1. wait for a breakout
2. enter with a breakout
3. enter on the retest
4. avoid entering on the breakout IF there is a divergence!
Trade safe! Be a responsible and an independent trader!
LONG IndusInd Bank Inverse Head & Shoulder Pattern- IndusInd Bank forming IH&S pattern after the correction,
- This pattern usually forms when the correction is over and starts new rally.
- Expecting a move towards 560 Easy Target for IH&S Target,
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
Short Term Analysis on SBINAfter a 52 week low of 149.45 the stock has changed the bearish trend and have been bullish
This is just my opinion, i am a newby in the market
Let me know in the comments what you think of this analysis
NIFTYBANK Banknifty forming a double bottom pattern on weakly timeframe.
If 22000 resistence broken can show a good upmove otherwise can test support again.
YES BANK headed towards the 76.85 level.The bank has been in a down trend for sometime now and looks like more is yet to come. Looking at the weekly chart, the bank is sitting on a very crucial level of 116.20 (which is on the trend line ), down below the 120.50 major support. There are chances for the prices to climb for a short moment, owing to the positive divergence between the price and the RSI indicator. But ultimately, the bank is very likely to go down. The expected price for it to reach is 76.85.
Last Chance to find support or BNF would experiance fallAs mentioned in last publication, I had suggested that close below 30400 would suggest weakness in trend, which has happened. Now Price is taking support in cloud and has closed within it. I would wait for tomorrow open and either going above 30400 or sliding down the cloud, today it was good for intraday plays as suggested, until this happens it will be same story. We will decide on positional when this action has happened, before that stick to intra.
There was also our FM meeting at around 3:15, I assume there are news which may impact price significantly in banking and non banking financial sector. So be careful!
Market is not rocket science, don't run after fancy indicators you see, simpler things work better, just master them.
Sell HDFC @ Mkt if it opens near the prev closeWill sell HDFC if it opens near the closing price of 2061 in cash.
SL & Tp as per Trade Box
Hare Krishna!
Good Luck
BNF TO PULL BACK TOWARDS 27415 JUST TO CONTINUE LOWERWait for pullback to occur and go short with T1 @ 26971-26806
BANK OF BARODA - 60MIN - Bearish Pennant formation Bank of Broda is in a Bearish Pennant formation of the 60min chart. Shorts may be initiated after the break of the 103.95 level to the downside. If the price advances to the upside traders should observe the 107.40- 106.30 zone for any rejections or candlestick formations to short the stock.
Zone - 107.40 - 106.30
Target 1 - 101.45
Target 2 - 99.40
Target 3 - 97.65
I will edit the levels if the pennant formation changes.
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This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. We hold no financial liability to any user on account of the use of information provided on this website. Only risk capital which you are prepared to lose.
bank nifty will travel in rangeBank nifty is showing some strength but nifty is not supporting Bank Nifty.
It can travel in range for tomorrows session.
Important of TAIL on ICICIBANK will full of your pocket.For each U-term , this stock is created TAIL .
Look at the box, I have drawn TAIL so you can easily check it. Suppose, wave(2) has Tur n then it will create a tail on hrs chart .
Resistance 423 nearby.
Predicted waves if everything fine.
BANK NIFTY: WEEK-TECH-SHEET->22nd July 2019 to 26th July 2019ghstocktrading.webnode.com
BANK NIFTY: WEEK-TECH-SHEET->22nd July 2019 to 26th July 2019
Bank nifty moves around -764.15 pips from 22nd July 2019 to 26th July 2019, in which bank nifty break last week 15th July 2019 to 19th July 2019 bottom 29705.75.
BANK NIFTY: Breaks April Bottom: 29435.05
HDFC BANK SHORT TERM BULLISH AND LONG TERM BEARISHHDFC BANK SHORT TERM BULLISH AND LONG TERM BEARISH
BANKNIFTY | Bear FlagBANKNIFTY breaks down after a short period of consolidation. Apparently, price action is showing a Bear Flag pattern, which is confirmed with a close below 30,530. Target of the pattern comes in at 29,330.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
HDFC Bank Short for TG 2380-70Trend is getting negative as per Celerity and Momentum is Coming as per Magnet.
TG 2380-70
CMP 2420
SL above 2440
