Psubanks
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. :-)
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.
Go Long on ALBK for Target of 110 with a stop loss of 54After the news of recapitalization of about Rupees 2.11 Trilion for Public Sector Banks the NSE:CNXPSUBANK charts were negative to sideways consolidations, Considering this sideways movement this gives an excellent opportunity to invest in PSU BANKS. I choose NSE:ALBK you can do similar analysis in other PSU Banks as well. NSE:INDIANB has actually given a follow up rally after recapitalization rally so that will be kind of different analysis rest most PSU Banks have more or less similar trend.
Now considering my rational, if you see after a big fall from 2015 where NPA issues were discussed the major reason. Stock is in primary accumulation phase which is clearly evident by rising volumes, so this means the stock is due for another rally, so i think it's an ideal opportunity to buy this stock. Plus after recapitalization rally just look at the volumes in the negative to sideways consolidation. So seller weren't strong in this phase which gives another positive rational to buy this stock.
I'm expecting the stock to break this TRIANGLE formation and minimum target I would expect from this would be 110. Keeping a stop loss of previous swing low which was around 57 levels so 54 seems a good level for stop loss. At this point we are getting a minimum 1:2 Risk reward.
Last I want to specify the Bollinger Band Width, this help us identifying momentum, this stock historically has found momentum around 0.149 levels, this is also very important to identify that how soon will we achieve our targets.
So I hope you would find this analysis helpful for your decision making (Please always trade with a stop loss)
Note: Risk Only What You Can Afford to Lose
BankNifty Sell for 16500....BankNifty is Looking to move towards 16500 now, there are three reasons mainly....
1- Banknifty is trying to Form a Channel.
2- It is trying to move in a (W) Formation Contantly with 1.41 extensions as targets.
3- It is trying to Fill every gap one by one (show with numbers on the chart)
Short Positions can be taken for the targets of 17000, 16500 with an SL above 19500...
Ii am still very bearish for Indian Markets