A cup and handle pattern has formed in the BEL chart. Pattern is on the cusp of giving a break-out. First target is the depth of handle followed by second target which is depth of the cup.
SL is low of the handle.
BANKNIFTY 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.
PNB 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...
Double 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...
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 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...
Today'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...