BHEL Important level It looks like trading at very important level also called wait and watch zone , if it rosses 35 and give close above that level it may considered as breakout otherwise trend looks very negative.
Psubanks
Canara Bank - Study - LongThe stock has given breakout from its resistance zone of 216.55.
Buy for a target of 236, 285.
Stop loss: 207
!!CANARA BANK ON THE WATCH!!TECHNO WATCH
CANARA BANK IS LOOKING GOOD FOR A POSITIONAL TRADE AS RSI HAS REVERSED FROM OVERSOLD ZONES WITH STRONG FORCE AND MACD IS ON THE VERGE OF A POSITIVE CROSSOVER
RESISTANCE IS NEAR 210-214 WERE ONCE TAKEN OUT WILL LEAD TO RE-ENTRY INTO THE CONSOLIDATION ZONE OF 213-293 SO GOOD POTENTIAL RETURNS AHEAD
!!WATCH OUT!!
!!FOR TRADE CALL!!
!!PLEASE NOTE TRADE WITH CAUTION AND AT YOUR OWN RISK PROFILE!!
!!PLEASE DON'T OVER TRADE!!
!!LIVE TO FIGHT ANOTHER DAY!!
!!HAPPY TRADING!!
Bank Of India (BANKINDIA) weekly chart study - Triangle bottomBank Of India (BANKINDIA) weekly chart study - Triangle bottom
Trade in the direction of breakout. Expecting a breakout on bullish side based on RSI divergence (minor evidence). Still its advisable to wait for the breakout before buying.
PSU Banks oversold. Enter Union Bank at 71. Target 73.5. SL 69.5PSU Banks oversold. Enter Union Bank at 71. Target 73.5. SL 69.5.
ALBK SELL at 43.90 SL at 46.90 T1 at 40.5 T2 at 35.45ALBK is bearish engulfing and with higher than usual volumes. and Fresh Short positions initiated. SELL Alahabad Bank (ALBK) at 43.90 with Stop-loss on closing basis above 46.90 and Target 1 at 40.5 and Target 2 at 35.45
FEDERALBNK: BUY at 80.50 Target of 88 Stop loss of 77FEDERAL BANK BUY NSE:FEDERALBNK Trades on NSE with 6 times its average volumes for second consecutive day.
BUY NSE:FEDERALBNK at 80.5 Target of 88 and Stop loss of 77 on closing basis
Nifty PSU banks (CNXPSUBANK) weekly chart study - megaphoneNifty PSU banks (CNXPSUBANK) weekly chart study - megaphone
SOUTHBANK: BUY at 14.4 Target 16.4 Stop loss 13.4SOUTHBANK traded on NSE with 7 times its average volumes gaining 16% in trade. Signifies a pullback rally. Buy SOUTHBANK on NSE at 14.4 Target 16.4 and Stoploss of 13.4
Sell Orient BankApplied Fibonacci to recent lows and highs.
Stocks is taking support at 0.5 Fibonacci level.
Given the weakness in PSU Banks this stock can be sold below 76.3 with a stoploss of 77 Targets of 74.2
SBI - A near term top?Applied Fibonacci levels to July lows and August highs.
Stocks seems to have corrected 50% of its rally and taking support at 289 290 levels which is 0.5 Fibonacci level.
It also seems to be following a falling trendline.
SBI can be a sell below 288 with a stoploss of 293. Target is 280.
Party over for PSU Banks?PSU Banks have been in a consistent downtrend since the rally they had after 2008 Financial crisis.
This charts looks at last 10 years for PSU bank index and they seem to be following the trend line.
index needs to have strong consecutive weekly close above 3350 for a major uptrend to start until then its a sell on rally.
We should wait for Index to close below 3314 in short term for new short positions.
IDBI: Sell at 61.40 SL 63 Tgt 58.7IDBI resumed Fresh shorts today on NSE. Indicating stock is unable to cross its recent high of 63. Sell IDBI at 61.40 with SL of 63 and Target of 58.70
My PredictiveEngine's Intraday call(13-Jun-18)-BANKINDIA-LongBased on my "xRAM-Creator" predictive trading methodologies, its going to be a GREEN candle on 13-Jun-2018 for BANKINDIA
Buy Above: 101.7 for targets -
T1: 102.5
T2: 102.9
T3: 103.4
SL: 100.9
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
SOUTHBANK: Sell at 23.75 Stop-loss at 24.5 Target of 22.15SOUTHBANK is the weakest in Private banks and looks a good shorting candidate. Sell SOUTHBANK at 23.75 with Stop-loss of 24.5 and Target of 22.15
ORIENTBANK: SELL Below 92.6 SL 95.05 T1:90.3 T2:87.95 T3:85.6ORIENTBANK Crashed on NSE close to 11% with Volumes more than 12 times its average and has been below Ichimoku, crossed its recent Resistance level with GAP Down opening an excellent opportunity to go short in the stock.
SELL ORIENTBANK Below 92.6 with Stop-loss of 95.05 and Target 1 at 90.3 Target 2 at 87.95 and Target 3 at 85.6
IDBI: Buy@74.4 SL@72.25 T1@76.6 T2@78.7 T3@80.90IDBI surged in trade today with PSU Banks re-bouncing, IDBI seems to be a better option. 5.4% today on NSE with close to 3.5 times its average volumes which signifies returning interest in IDBI. Well above Ichimoku IDBI stands on my BUY list in CASH Market only above 74.4 with Stop Loss of 72.25 and Target 1 of 76.50, Target 2 of 78.70 and Target 3 of 80.90
Please do consult your financial consultant before taking any calls from my end.
UNIONBANK: SELL@108.7 SL 113 TGT 103UNIONBANK has Gaped Down with High volume selling and weak PSU bank Index and BANKNIFTY weak. Sell Union bank at 108.70 with Stop-loss of 113 and Target of 103
stay CAUTIOUS in STate BaNk Of IndiA i see that in a quite mid term horizon it is better to stay cautious and trade on levels only in state bank of india !
feel that it might fill the gap soon ..irrespective of near term ups and downs !
