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Downtrend

Bandhan Bank Some more pain.Bandhan Bank is in no trade zone. It is at crucial support. Support needs to break for Short selling. On higher side, go long only when it shows reversal probably above 330. It will remain rangebound till first Quarter of FY 2021-22. Fundamental weakness is that collection efficiaency in Assam state affected because of new law. They have wriiten off (removed) big chunk of Micro Finance loans given to small contact based businesses like Beauty parlour etc, which they feel is going to be NPAs. Provsions are negative for any bank and have long term impact on their business. Banks like Kotak Bank, Axis and HDFC bank are much better for investing. (Disclaimer: It is a personal opinion, do your own study before investing.)
NSE:BANDHANBNK
by KakasoGhodake
Tata Consumer Technical Analysis .Hello friends after a long time , I am Again Back with a New Idea, So Today we are going to Talk about Tata Consumer Ltd . As you Know its a FMCG Company . So on 1 Day Chart it is making a "Channel Pattern" and also making a Bearish Engulfing Pattern which gives you a idea that it can go Down . If i Talk About Targets , So Targets will be :- 530 Rs . So Now Lets Talk About Support and Resistances . So from Its Pivot Points .So its Support Is 590 Rs and 460 Rs if Rare Case Happens and it goes Down so they can become a Support Resistance is 700 Rs . Volume has no Volatility in any Side , Rsi is in Bearish mode and Price is also going Down , Earning Reports are also 66.86% Down and Bearish Engulfing Candle Stick Pattern Gives you a more idea that it can go Down . So From my Opinion it can go "Down" but its on the lower side of the Channel and so for it can go "Up" also. PIease Like because we are having a shortages of Likes . If you have any Doubt Related to This Idea , This Stock or any other Stock . You can comment me Below . And If You Have any Advice For Me Just write it Down . And also write your opinion on this stock . Stay Safe . Thats all For Today . Bye Bye For Now . 👍 NSE:TATACONSUM Comment Below on which Other Stock You all want to see our Analysis . Make Sure To Like and Follow us on Our Channel . Like Aim - 6 Please Accomplish this Goal .
NSE:TATACONSUMShort
by UKnowN_ThE
11
#Banknifty Trade Setup For Monday (19th April)As you see in the chart there is the downtrend line and Banknifty still below the breakout. . For tomorrow we follow simple Strategy. . We will buy CE once Banknifty breaks 32682, before that we can follow sell on rise strategy. . We will buy PE once Banknifty go down below 31690. . So on tomorrow banknifty can go in upward because yesterday hdfc Bank declare the Quarter 4 Results. . In gap up and gap down Opening, we will wait for the right time. . You can give your suggestions in comment box. . Learn More Earn More ✌️
NSE:BANKNIFTY
by neerajlalwani081
BANKNIFTY DOWN TREND ANALYSISSince Friday, the market has been trending downwards. Today, we seemed to have taken a pause and made an inside candle on the daily chart . Some key points from today's trade were, Bank Nifty closed below the key support of 35,000. There was large PUT open interest @ 35,000 which seemed to reduce drastically towards the end of the day. The market retraced upwards but was unable to re-test the 50% retracement level @ 35,550, keeping the downtrend intact. Considering that the market breaks the swing low @ 34,450 and moves lower, there is a very high probability that we could move considerably lower towards 32,800. This is presenting an excellent risk reward situation to take trades on the short side. If the market opens with a gap up, the down move may not come tomorrow as there will strong support @ 35,000 which maybe difficult to break. Hence, the best case situation for short trades will be that the market either opens flat and continues moving lower, or it gaps down below 34,400 and moves lower without a near by support in sight. These are my personal views and I reserve the right to be wrong. Like and follow, if you found this helpful. :)
NSE:BANKNIFTYShort
by ArcherDAVIS
HIGH AND LOW STRATEGYIN THIS VIDEO I HAVE SHOWN SOME IMPORTAND POINTS REGARDING HIGH AND LOW STRATEGY -High / Low strategy: Key Points -Understand the Direction of Market / Stock -with previous Day candles High & Low -Stock Selection: 2 to 7% work well with 52wk High/Low -Mark Support and Resistance in a Day time -Then check in 15 mins time frame frame -Keep SL as days low just before the Breakout/Breakdown -TGT can be Previous High or 52wk High and above (Use Support and Resistance) Do's & Don't -Preparation: After Day ends or Before Market Start in the morning -Risk Reward Ratio: can be 1:1, 1:2 and if you are lucky then 1:3 -This Strategy works only after 10 AM and before 3:00PM -Stick to the system for SL / TSL -Breakout / Breakdown : Entry in the trade after Breakout / Breakdown next candle. THIS ARE SOME SIMPLE AND IMPORTANT RULES OF USING THIS STRATEGY WORK ON FOLLOWING PONTS WHICH I HAVE MENTIONED IN ABOVE AND TELL ME YOUR RESUTS IN THE COMMENTS BELOW ALSO DONTS FORGOT TO LIKE AND SUBSCRIBE THIS YOUTUBE CHANNEL AND ALSO SHARE THIS VIDEO WITH YOUR FRIENDS . . . . THANKS FOR WATCHNG.......
NSE:BAJFINANCE
by gauravkale5528
2