Longview
BANKNIFTY FUTURE ANALYSIS ON 1 HOUR CHARTBANKNIFTY FUTURE ANALYSIS ON 1 HOUR CHART
WE ARE EXPECTING THAT BANKNIFTY CAN TOUCH 40600 LEVELS WITHIN NEXT 2 OR 3 DAYS AROUND.
IF BANKNIFTY FUTURE DOESN'T SUSTAINED ABOVE THESE LEVELS 40600 THAN IT CAN RETEST AGAIN 39900 LEVELS IN THE UPCOMING DAYS.
ONCE IT WILL RETEST AFTER THAT WE CAN AGAIN EXPECT 42000 LEVELS IN THE MARCH EXPIRY ONCE AGAIN.
(Please check our previous analysis which we have shared previously for the BankNifty, however target got achieved and analysis based trade has been closed)
DISCLAIMER : ALL THE LEVELS MENTIONED ABOVE ARE JUST FOR THE EDUCATIONAL PURPOSE ONLY, PLEASE DO YOUR OWN ANALYIS BEFORE TAKING ANY TRADE IN THE LIVE MARKET OR CONNECT WITH YOUR FINANCIAL ADVISOR FOR THE CONSULTATION ABOUT FINANCIAL POINT OF VIEW.
PNB Housing Monthly Investment AnalysisPNB Housing Monthly Analysis
PNB Housing Monthly Investment Analysis Based On Technical Analysis and Completely Based On My Knowledge and It's My Personal View
As Per the Analysis for PNB Housing For Monthly Chart, I am expecting that PNB Housing Share is on very important levels as per monthly charts, 500-620 is a level where it will trade as zero line zone means we will initiate any buying until it is rangebound under these levels, if it will go above the 620 levels then we can expect
3 Months Target as 750 - 760,
7 Months Target as 1000-1020,
15 Months Target as 1150 - 1250
and If PNB Housing wouldn't sustained above 620 levels then we can expect these below levels, if it will came below 500 levels
5 to 6 months target would be 330-350
11 to 12 months target would be 150-170
Disclaimer : These analysis are purely based on Technical Analysis, I Don't Recommend You to Buy or Trade or Make Any Investment Based On Above Levels.
I Always Request You to Please Do Your Own Analysis Before Taking Any Trade or Starting Investment or Consult Your Financial Advisor To Take Investment Related Decisions
Double Bottom breakout on Amarajabat - weekly chartsDouble Bottom breakout is visible in amarajabat stock - weekly timeframe. Normally such patterns at higher time frames hold a lot of value. The second bottom respected the first bottom which gives more conviction. The whole price action is supported by the announcement made by the management of Amara Raja Batteries of capex into Lithium Ion batteries which are used in electric cars/ scooters. This change in strategy will ensure that Amarajabat sustains in the game of Auto Industries.
Range breakout in IndusInd Price has been sustaining above the range high which was acting as a string resistance in the IndusInd bank daily timeframe chart for a couple of weeks. On an hourly timeframe, the trend line drawn has been acting as a good support. One can look to go long given the sector tailwinds with the trend line as SL on a closing basis.
Best of luck!
Kotak Bank consolidation on the verge of breaking out....Kotak Bank has been consolidating since H2 2020. The broad range is 1650 - 2050. With all the tailwinds behind the Banking sector in India and the recent respect of the trend line displayed by Kotak Bank, the chances of price moving out of this range are high. One can go long with an SL of a recent swing low or 1800 on a closing basis. Every dip in Kotak Bank is now an accumulating opportunity.
Best of luck!
Cup & Handle breakout signal in ICICI BankToday's candle marks the break out of the Cup & Handle pattern in ICICI Bank's daily time frame chart.
We may see a couple of days of profit booking due to the following reasons:
1. F&O Scrip
2. Near lifetime High
3. Has been closing in green for 8 consecutive days
But, don't fret. Good days are only going to be ahead. I will suggest accumulating on every dip with an SL of 837.6 from the medium to long-term view. From a short-term perspective, one can have an SL of current swing low i.e. 891.25. Both are on a closing basis.
SWING TRADING ANALYSIS: Clariant Chemicals India (CLNINDIA)SWING TRADING ANALYSIS: Clariant Chemicals India (CLNINDIA)
LONG VIEW
SL: 315 ON CLOSING BASIS
EDUCATIONAL PURPOSE ONLY