US Trade deal party over?Private Bank Index seems to be in a uptrend while staying below the trend line.
Every time it tested the trend line we have seen a correction for the next few week.
Will this time be any different?
EducationPrivatebankindex
Education
Tech-Finance Synergy Could Boost Nifty This Week!Nifty It NSE:CNXIT
The IT index has been in a consolidation phase for an extended duration and developed a Cup & Handle pattern.
After breaking out, the index has effectively retested the breakout level and is now on an upward trajectory.
In the past week, the index gained approximately 3% and is showing robust strength, with expectations for further upward movement.
Nifty Private Bank NSE:NIFTYPVTBANK
The Private Bank index is currently experiencing a positive upward trend.
It previously established a Cup & Handle pattern, and following a breakout, the index saw substantial gains, consistently recording higher highs and lows.
After hitting an all-time high near the 26,650 level, the Private Bank index retraced to its immediate support zone and is now rising once more.
With a significant increase of almost 2.7% last week, the index seems to be in a bullish phase at present.
Long
BankNifty Analysis: To go Long or Short?We look at three things in BankNifty:
1. Whether to go Long or Short, & why
2. Timeline of the trade.
3. Components of BankNifty & their analysis.
Short