Bank Nifty FutureBank Nifty Futures show a clear breakout but the RSI shows that it is in an over bought range already.
I will step back for a while and let this up-move settle before I take a trade as the risk to reward ratio is not favorable.
Bankstocks
AXIS BANK : EW FINAL WAVE? I find that this will be the final wave of the bull run. NIFTY is already outperforming , But BANK NIFTY still lags. Hoping a big move....... WHAT DO YOU THINK?
Bank of Baroda (17% Profit Potential)?Add "Bank of Baroda" | NSE : BANKBARODA to your watchlist. Good Swing Trading Opportunity if breaks the upper resistance as shown in the image.
Disclaimer: This is for educational purposes only. I am not a SEBI registered advisor. Please consult your advisor before investing.
Happy Trading and Investing :)
SBIN Setup I know my charting some times gets complicated because I very much use every technical analysis tools and some theories of #Gann and #Fibonacci.
This is a very simple Setup for tomorrow with the confluence of resistance in the trade. Buy once it's broken. Don't short #PSUBANKS right now.
Thank you
CITY UNION BANK: (BANKING STOCKS-1)Sl - 150
Time spend at demand region for long time and made a perfect triangle pattern for a breakout.
Volumes are OK OK.
Queries in comment section,
BANK NIFTY ANALYSIS FOR 28-05-21Do not trade in between 35140 - 34465
Buy Above 35140 for the Targets marked on Chart
Sell below 34465 for the Targets marked on Chart
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines )
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A beautiful move by the big bank | My trade reviews #3See old trade charts of mine to compare what I needed for this breakout and how things turned out on our side :)
Now it is resting on the gapper support we have there + trendline too soo seems quite bullish to trade on with a small risk a good bullish candle tomorrow = trade on a daily close above 1500 round lvl = biggi break for further upside for this month ....
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SBIN ON 15 MINS CHARTLooking at SBIN on 15 mins chart we can observe that, every time SBIN comes near the resistance, there a good selling with good volume. Same has happened today. We can see a good reversal , engulfing candle & good selling volume from same resistance level. Look for short opportunity once support of the trendline is broken.
BANKNIFTY ON 15 mins chart Banknifty is getting weaker every time it tries to touch 200 ma. Before closing of the day, BNF tried to break MA but couldn’t sustain. Based on price action we can analyze that there’s a breakout of a trendline but it’s fake because we have 200 ma just above the current price. Also we have a good Fibonacci 38.2% level that can act as a reversal. So looking at ever data available we think BANKNIFTY maybe end in RANGE MARKET between 33500- 34500. Tomorrow by opening if BANKNIFTY opens above 200 MA look for long positions but if BNF sustains below 200 ma , one should look for hedging or short position.
Intraday movement for SBIN KEY PIVOT @375.20
Take a decision based on the same.
As the stock is on a downtrend, this pull-back will be an ideal shorting region if the trend continuation is present.
INDUSIND BANK for the dayfor intra players.....
expecting a good movements in banks..
so intra players keep an eye on it......
KOTAK BANK Trading levels for 29.01.2021for intra players
it can give u good opportunity.
banks re felled a lot so expecting recovery
HDFC Target for 28Dec2020 or 29 Dec 2020@Note : For practice purpose only , refer to your analysis before following .
Refer to chart for direction of trend
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ManapurramFinance Buy 169-164 With SL 155Manapurram Finance Best Buy 169-164 With SL 155 with Tgt1 184-187 and Tgt2 195 & above
BANKNIFTY: Ending diagonal , Buy for the last legBanknifty is forming an ending diagonal for its third wave on lower degree. Possible targets are 30750-30800 range. Keepin SL of 29190.
PSU BANKSThe daily time frame is giving a breakout signal today, the weekly time frame will confirm it above 1550 (closing basis ). In that case the most laggard among all sectors will turn out to be a top out performer for moves towards 1900 and then 2300 . Short term support at 1450/1375 . Watch out for this sector is coming out of a v long bear phase screaming Apna Time Aa Gaya!
bank nifty on breakout? 24 nov29400 is small resistance and 28800 is support..
if break 28800 then can move downside, if break 29400 then will fly upside... as structure is channel and triangle pattern.. let seee how will it move..
write ur view in comment....
NIFTY FINANCIAL INDEXAt the PRZ of a bearish Harmonic Bat in Weekly time frame it made a bearish reversal Candlestick today. A follow through tomorrow onwards would confirm a downward move for 13250 and below that for 12000. The view would negate if it sustains above today's high.
The index constitutes of all the large Banks and large Finance companies.
Harmonic Bat is a 5 points pattern based on specific Fibonacci Ratios which signal a reversal of trend for 38-50-62% of the last leg of the trend ending.
BANDHAN BANK(Swing / Positional Trade) | RR 1:3+ | Type:- Breakout
Reasons To Trade 🤔 :- Head & Shoulders Pattern , Bullish Banknifty , Above 200DMA , Global Market Bullish.
Entry :- 334 (Only Enter After Clear Breakout Or Opening Above Trendline).
Stop Loss :- 313
Targets :- 1st= 365 | 2nd= 395
(Risk Must Be Managed.)
Keep Your Eyes On Index
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BANKNIFTY KEY LEVELS SUPPORT AND RESISTANCEBANKNIFTY UPCOMING SCENARIO EXPLAINED
SCENARIO 1- FOR UPPER RESISTANCE BREAKOUT
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SCENARIO 2- TESTING UPPER RESISTANCE AND THEN BACK TO DOWNTREND
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.
