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Bank Nifty Simple Analysis!!Bank nifty after a gap up opening failed to break daily trend line resistance arround 52300. tried to touch 52600 on 26th nov morning but later on failed traded sideways rest of the day but still shows strength on buy side from bottom. Possibilites for tomorrow : Pin 1 : open on trend line support and try to reach the previous high pin 2 : open on trend line and failed to broke the resistance at 52300 approx then steep down Pin 3 : open below trend line and retest and go down Support : 51760,51280 Resistance : 52350, 52620
NSE:BANKNIFTY
by Price_actiontaker14
IOB | Swing Trade | Opportunity IOB (Indian Overseas Bank): IOB is currently on the radar for potential investment, primarily due to its proximity to a breakout in stock price. Analysts suggest that should the #BJP secure victory, it could catalyze a significant uptrend in IOB's value. With a substantial market capitalization and its position within the banking sector, IOB stands poised to benefit from favorable market conditions, particularly as the finance sector is anticipated to perform strongly. Additionally, IOB has demonstrated a track record of outperforming the Index50, making it an intriguing prospect for investors seeking growth opportunities within the Indian market. - Growth pattern is improving - qty delivery is increasing - chart structure is well build all analysis looks good to keep eye on this stock. So do your own analysis and risk management for this stock and then trade on your own risk. Best of luck and have great day!!! Regards,
NSE:IOBLong
by apstockanalysis
HDFC BANK - A long tradeHDFC 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 per your risk appetite and also do not put all your capital in one trade. I am not responsible for any loss or profit that comes along with the trade. Please do your due diligence as well. Just sharing my thoughts and setups as per my 4 years of experience. Will be updating when the trade triggers and giving the Stop loss and Target areas.
NSE:HDFCBANKLong
by Aadilsid0810
Small SL entry in Bandhan Bank. Targets 222, 236, 247.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 a small stop loss to mitigate risk. The potential targets for this trade are 222, 236, and 247, and traders can trail their stop losses according to their risk management strategies. It is crucial to monitor the stock closely around the 222-226 levels. I recommend avoiding holding this trade below 206. As always, I would like to remind traders to exercise their discretion and make their trading decisions based on their own risk management principles.
NSE:BANDHANBNKLong
by Doinel33
18/10/2021 Research Report For AXISBANKDisclaimer: 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 your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single ruppe, please do your own rerearch according to your risk taking capacity and after that do invest and book profits on right time. Buy Below 802 or Maximum 811 Target 1: 820
NSE:AXISBANKLong
by india_market
Canara Bank looking BullishMedium-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 can be entered into: (Levels and analysis mentioned on the chart) Entry Price : Rs. 176-178 Target 1: Rs. 190 Target 2: Rs. 205 Target 3: Rs. 235 ___________________________________________ High Risk Traders can also enter at CMP for: Target 1: Rs. 172 Target 2: Rs. 190 Target 3: Rs. 205 Target 4: Rs. 235 (The R2R Ratio is not very favorable in this trade) Cheers!
NSE:CANBKLong
by Anmolshukla
ICICI bank formed a morning star pattern. 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 and higher lows. Disclaimer: All charts are purely for educational and information purposes only. Invest or Trade at your own risk.
NSE:ICICIBANKLong
by kjVish
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