HDFC BANK has been consolidating for a long while near its resistance areas. This is showing that the sellers are losing their grip on the supply zone and buyers are willing to push the stock ahead and change the market structure.
The breakout has not yet happened but the signs look positive hence keep it on your radar.
Disclaimer - Please take positions as...
Bandhanbank is displaying an Inverted Head & Shoulder pattern and is currently experiencing a constant upward trend with the formation of a rising wedge in some time frames. As per my analysis, buying on dips in this stock could be a favorable decision. However, it is recommended to wait for a small correction before initiating the trade.
It is advisable to place...
Indusind Bank chart on daily TF shows breakout on falling wedge pattern. This is bullish signal. We can go long with targets 1230 and 1280
Just for Educational Purpose Only.
Starting December banking stocks are leading from the front, and there is a change in trend. Banks surpassed yesterdays high ahead of Nifty and the Rohits Momentum on hourly had a clear buy signal that did not whipsaw like it did on Nifty. Banks should continue to outperform the Nifty in the days weeks ahead and for 2022 as a whole in my view.
STATE BANK OF INDIA as per Daily chart analysis after completion of a Triangle Patttern. The stock was in brief consolidation on the daily chart. Today the Stock has broken the consolidation zone. Stock Monthly and weekly Candle is bullish. Above 492 level for Target 501 Level.
ICICI BANK as per weekly chart analysis today in the daily chart with a gap up it has broken the consolidation zone and in the uptrend momentum. Once it breaks 766 level then the stock target 800 level achievable.Before that there could be a consolidation as per weekly chart and lets see whether this time the stock consolidates or moves up to target.
ICICI BANK as per daily chart analysis has back in its consolidation zone and the support level at 706 / 687 and 673 level for the stock to consolidate and reverse.However one can see a fresh buying opportunity only after full correction completed.
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself from this research. Please note before investing according to this educational research, please do own research and also do take advice from...
Medium-term Swing Trade (2-7 weeks)
(Purely Price Action based trade)
Canara Bank has posted very strong quarterly and yearly results and looks bullish in the future.
It is approaching a very strong supply zone of Rs. 170-177 where it has faced rejection multiple times previously.
If this zone gets broken with a good momentum and volume the following trade...
ICICI bank has been following a strict trend for a while now. After breaking out from the trend it came down for a retest of the same zone.
The retest seems to have sustained that it has now bounced upwards with a formation of MORNING STAR pattern signaling bullish pattern.
With good support from the bank nifty, ICICI will follow a new trendline with higher highs...
