SOUTHBANK 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 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 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...
ONE CAN GO LONG ON PSU'S WITH A SL AT 3100 3140. ONE WILL NOT GET PSU'S AT SUCH ATTRACTIVE PRICE
UNIONBANK 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
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 !
INDIANBANK IS HEADING TOWARDS 350-360 STRONG SUPPORTS AT 330-325
LONG ALLAHABAD FOR 63.6 / 66 WITH STOPLOSS 57 BELOW
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...