Indian Bank has made a W formation in Weekly chart and has given a breakout today (12th October's trading session). Short term position target can be 195 above and long term can be above 200 with SL of 153 in short term and 143 below for long term trade on weekly basis.
BANK NIFY formed double top in 4hr time frame if its valid next target will target around 34900 launching sub broker platform on october 1 2021 support us like and follow
For an investment purpose also you can look towards the Indusind Bank. And we can also see a good swing trade in this stock. Let's see and enjoy the move of Indusind bank.
Bank 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.
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?
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 :)
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
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,
Do 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...
See 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...
Buy Rbl Bank Only 176.80 Target 180- 183- 187 Sl 173
Looking 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 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...
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.
Buy on breakout Above 390 with stop loss of 360 ..... Target Unknown
for intra players..... expecting a good movements in banks.. so intra players keep an eye on it......
for intra players it can give u good opportunity. banks re felled a lot so expecting recovery
@Note : For practice purpose only , refer to your analysis before following . Refer to chart for direction of trend If you like idea , subscribe , share and like it .