BankNifty: Individual Constitutent Price-Action AnalysisNSE:BANKNIFTY Individual Constitutent Price-Action Analysis
Methodology : Ichimoku trading systems, TF: Daily
#AUBANK: Downtrend, 635 is immediate resistance
#AXISBANK: Downtrend, 901 is immediate resistance
#BANDHANBNK: Downtrend, 243 is immediate resistance
#BANKBARODA: Downtrend, 168 is immediate resistance
#FEDERALBNK: Price just crossed the cloud, about to turn upswing. Still other confirmation needed (TK cross over needed). Rigtht now resistance: 136
#HDFCBANK: Uptrend. All indications are bullish, support at 1630.
#ICICIBANK: Downtrend. 880 is immediate resistance
#IDFCFIRSTB: Interesting, a T-K crossover is forming, price above cloud. Other confirmations are awaiting (leading and lagging spans).
#INDISINDBK: Downtrend. 1133 is immediate resistance.
#KOTAKBANK: Downtrend. 1805 is immediate resistance.
#PBN: Sideways. Price is inside the cloud - no trading zone.
#SBIN: Downtrend. Immediate resistance at 560.
In a nutshell: Other than #HDFCBANK all are, technically, in downswing. #IDFCFIRSTB is the most interesting to watch for a breakout.
