Buy ALBK above 74 T1: 80 T2: 84 T3: 88 SL: 71
Buy BANKNIFTY above 25780 T1: 25900 T2: 26000 T3: 26150 SL: 25690
After 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...
Punjab National Bank long setup on weekly chart Buy above: 155 SL: 135 Target1: 180 Target2: 200 Target3: 225
Here is my BANKNIFTY analysis. Please use it as a reference for your trades!
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...