Banknifty remained above 44k whole day and during the last hour gained some points giving close above 44150. Market consolidated for 4 hours and gave a nice break out. DJI seems to be flat till now and there can a chance of a bullish break out as the market has closed. Watch the global markets in market to get a clear view and trend of the market. On the...
Another surprise today with 300pts ~ 0.69% move from 13.30 to 14.40, came at a time when no one really expected. Karnataka election results tomorrow and most traders would have anticipated we close the day subdued. The lower than expected CPI data of 4.7% would have leaked with few big-boys and they would have ended up loading the banks because from how I see it ...
Fundamentally good stock and Technically forming cup and handle pattern Breakout will take this stock to 90+ levels
Bank Nifty reversed today from strong resistance at (42725-750 ) approx. Check resistance marked in red sign post Bulls may flex tomorrow as well a good Retest Entries can be made ( Marked with path tool in green )
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...
16 FEB-2023 Thursday Expiry Banknifty - It crossed the resistance, but it was in the end. It is now near weekly resistance. Tomorrow is expiry, so will see. Flat opening - wait for some time, on pullback if crosses 41800 will buy it, target = 42,000. Gap up -42K will be resistance, so will sell if - Ve candle formed. Else look for buy on reversal. Gap down...
Hello Traders! 1. We see a completed 3rd wave of impulse that started after Lockdown - March 2020. 2. We see a clear zigzag correction for Wave a, marked with red ABC. 3. We see a 3-wave Wave b . The count of wave C of this wave is being shared here for clarity. 4.The most expected target for BankNifty should be around 30500 . This is because we...
IOB on bullish move with th marked profits on charts follow for more 🙏🙏🙏
#axisbank is a perfect short candidate, it should take a U turn soon, this is only for education purpose, no advice for buying or selling
buy Axis Bank above 680. target 775 respectively. target 2 800
This is daily timeframe. We can see clear breakout of chanel and now come for retest the trendline. Looking for upmove above 1790. Entry :- 1790 Target :- 1920 , 1980 , 2050 SL :- 1730 (Not Sebi Registered analyst. This is just My view..Educational Purpose only.)
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BANK NIFTY its keeping sideways expecting it will get a fall because DOW JONES have some fall
CANARA BANK as per daily chart analysis has broken the trendline and back into the consolidation zone and it has a support at 191 and 184 level and from here the stock should once again consolidate for the further reversal. If it breaks the consolidation level then the next support is at 171 level.However one can see a fresh buying opportunity only after full...
technical analysis - points to be bullish on Bandhan Bank. 1. Bandhan bank was in downtrend for many weeks gives a fake breakout once , but gives pullback again. 2. for more confirmation, at 1 hour time frame- confirmation that the current breakout is not fake, downtrend breaks & retested results in ready to move up. 3. on weekly chart, shows bullish...
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...
Price has broken out of both the descending trend line and the 200 ema, it has even retested the 200 ema. Volume is above average but a bit less. Similar pattern in FEDERALBNK 1W chart.
Price has broken out of the multi-year descending trend line, both 21 ema and 50 ema have crossed over the 200 ema. Volume is increasing, it is above average.