The Nifty Bank Index is at a critical juncture, forming a symmetrical triangle pattern on its daily chart. This pattern, characterized by converging lower highs and higher lows, indicates a period of consolidation, with a potential breakout on the horizon.
Key Levels to Watch:
Support:
Ascending trendline from November 2022
Horizontal support around...
Fundamentally::
- Cheapest across the Hospital Industry, with 18x CFO to EBITDA
- Cancer care is in the great tailwind across developed economies, which makes HCG a good play for the long run. As India evolves into a developed country, or India positions itself as a medical treatment outsourcer.
- CEO is capable of envisioning a turnaround in the business
...
Black trendline crossed As I mentioned earlier chart which is attached below and Redline is another major diagonal trendline.
I'm on the Bullish side at this level, But I still can't decide exactly what the market will do.
If the market starts with a green candle it may retest to 35375, wait to reject confirmation candle to go upside or
if it crosses down this red...
Signal Specification
Pair: INDIA NIPPON
Entry Type: Buy
Entry1: 376.20
ENTRY2: 210.20
Tp1&2: 592.80
Sl1: 311.50
Sl2:133.05
R/R: 4.97
Our Unique Features:
—————————————————————
1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to...
Now it is going upside from 36170 but it will fall back to 35680-35660
If the black circle zone cross down then we can see 34087
if rejected at the black circle zone then we can see an uptrend till 38300
Look at Stochastic divergence and MACD levels.
Note: These are my analysis and idea only, please check with other experts before you trade.
IF YOU LIKE THIS...
Kotak Mahindra Bank making a Head & Shoulder Pattern, closed on a very critical support level i.e. 1939.
Can give a good breakout if Bank Nifty Breaks tomorrow and the market sentiments act negative.
Have given both the levels for buy and sell. If it takes support from the line of support tomorrow also for 15-20 mins go long.
If the support level is broken and...
Target and direction mentioned in stock .
Please like ,share and subscribe if you like the idea.
@Note : For practice purpose only , refer to your stock broker before implementing
In the previous week, bank nifty has lost -2027.3 ( -6.17% ) points, and according to this technical chart, it will keep falling after a short reversal. Because as per the Elliott wave theory, an impulsive wave ended at the 5th wave, and a corrective wave has started.
In the last trading session, it has created an opening gap, and also breakdown the strong...
Zones are mentioned on chart. Planning to upload SBI and HDFCBANK zones also today, do check those too.
Will start the Model Portfolio and Swing trades telegram soon guys. Just waiting for budget.
Dont be a Bull, nor a Bear. Just be a Hare!
I am absolutely unable to get a view on the markets.
Had banknifty moved just a little similar to way nifty moved, I was expecting a solid swing of around 350-400 point in total till this weekly expiry.
If anyone has any idea what can work as a trigger for tomorrow's trading, plz mention in the comments.
Yes, there is a trendline. But the ways zones have come...
Zones are mentioned on chart.
Newbie's takeaway:
India Vix is good, markets are giving good moves. Weekly expirys, Short coverings, Full mood Long buildups, bull traps or bear traps at just the opening are all aligning so perfectly. If one has been in the markets for say past 3-4 years and still isnt able to make money in this kind of market, well sir/ma'am,...
