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Short Term Swing Trading Idea in Central Bank for 20% UpsideHi, NSE:CENTRALBK has given a Bullish Inverted Head & Shoulder Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:CENTRALBK
by raigvivek
Short Term Swing Trading Idea in Indian Bank 15% UpsideHi, NSE:BANKINDIA has given a Bullish Inverted Head & Shoulder Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:BANKINDIALong
by raigvivek
Short Term Trading Opportunity in Indian BankHi, NSE:INDIANB has given a Bullish Inverted Head & Shoulder Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:INDIANBLong
by raigvivek
12 Mar ’24 — 10:43 candle gives me cold shivers!Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “If Nifty50 has to change its character, the price has to fall below 22295 and then below 22051 wherein the higher low will get violated.” 4mts chart I was stunned by the Nifty50 and BankNifty price moves today. We started the day in line and then the 09.31 GREEN candle surprised me, a quick surge that took Nifty50 up by 134 points ~ 0.6% by 10.15. What followed was even scarier: a fall of 194 points ~ 0.87% by 10.43. A single candle moved 131 points ~ 0.59%. When was the last time you remember seeing Nifty move that much in a single 4-minute candle? We briefly violated the support of 22295 but got back in a quick time. From there on Nifty50 had no more aggressive swings and managed to close flat today. On the higher time frame, the stance continues to remain bullish. As long as 22295 support holds, there is no meaning in revising the stance. One thing is sure, the sudden price moves we are seeing right now are quite indicative of a massive shift in fundamentals. Technical Analysis cannot detect the directional impact this early, but it would be prudent to keep an eye out for any possible clues. The small caps -1.98% and mid caps -2.55% are bleeding RED, and even some Nifty sub-sectors are also down by quite a bit - Realty -3.71%, PSU Banks -2.57%, media -1.85%, Metals -1.73%. 63mts chart
NSE:NIFTYLong
by viswaram
Is PNB on a new support line? Swing Trade opportunity!!!PNB is retesting the previous resistance level, if it sustains and marches upward it will become the support!!! Good volumes. Can enter at current market price. Target - 55/60/70 SL - 35 Above 70 it will be a delight!!! Need greater patience, since it is a PSU banking stock it will rise on a gradual basis!!!(Maybe more than 3 months) Note: All levels are only for educational purpose. Follow and show your support!!! _/\_
NSE:PNBLong
by BM579
2
UNIONBANK - Buy opportunity in sightNSE:UNIONBANK Union Bank of India is engaged in providing banking and financial services. The Bank offers products and services in three categories: Deposits, Loans and Advances, and Remittances and Collections. TTM EPS: 7.28 TTM PE: 5.65 Sector PE: 20.33 Book Value Per Share: 89.52 P/B: 0.46 Face Value: 10 Mkt Cap (Rs. Cr.): 28,090 Some Positives: Company with high TTM EPS Growth Strong Annual EPS Growth Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Efficient in managing Assets to generate Profits - ROA improving since last 2 year Growth in Quarterly Net Profit with increasing Profit Margin (YoY) Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Current price is less than the intrinsic value Over the last 5 years, revenue has grown at a yearly rate of 18.08%, vs industry avg of 7.63% Over the last 5 years, market share increased from 5.49% to 8.72% Some Positives: Red Flag: High Interest Payments Compared to Earnings Decline in Net Profit with falling Profit Margin (QoQ) Declining Net Cash Flow : Companies not able to generate net cash My Opinion: My opinion is clearly visible on chart. But I would recommend you to read about decreasing trend of NPA and the setup of 'bad bank' by GoI. It is a real positive for all PSU banks in future. NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
NSE:UNIONBANKLong
by babutaaniket
2
PSUBNKBEES | Investment OpportunityDisclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:CNXPSUBANKLong
by Munish_Jain
IDFC FIRST BANK SUPPORThere are the strong support and resistance levels for IDFC First Bank (NSE: IDFCFIRSTB) as of today, January 24, 2024: Support Levels: 81.40: This level has acted as support multiple times in the past and could hold again if the stock price falls further. IDFC First Bank support level 81.40 78.35: This is a longer-term support level that coincides with the 50% Fibonacci retracement level of the rally from the March 2023 low to the August 2023 high. 72.00: This is a major psychological level and the 61.8% Fibonacci retracement level. A break below this level could signal further downside potential.
NSE:IDFCFIRSTBShort
by anikeshdey7
1
Investment pick- Union BankUnion bank is one of the top 5 largest PSU banks of India. We have seen an amazing rally in PSU banks in the last couple of years on the basis of improved profitability and asset quality. Technically, Union bank has a big scope of uptrend possible as the stock has recently broken the resistance of 100. Positional traders can look for targets of 140, 175+ in next 6-12 months. Stock offers a good dividend yield over 2%. Good stock from investment point of view.Idea shared for educational purposes.
NSE:UNIONBANKLong
by chartistamey
16 Jan ’24 — Nifty Tests the Ascending Channel Today - stance ➡️Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “Remember how things were looking weak on the 8th and 10th of Jan and how Nifty turned from there? For tomorrow, the bullish stance continues and the first support will be the ascending channel top-line ~ 22050 levels.” 4mts chart Nifty hit a new top of 22124 today and just when everything was going in its favor, it started falling. Most analysts will blame the NiftyIT sector (-1.28%) for the fall today - they are not wrong but it is not just because of IT. The majority of the Nifty sub-sectors were down today, Realty (-1.66%), Pharma (-1.14%), Energy (-0.75%), Service (-0.52%). Very few sectors were in green today - Metal, Media, Consumer Durables, PSU banks, etc. When the majority of sectors are against the primary direction (bullish), it may end up becoming a top-like formation. We discussed yesterday how the Ascending Channel will act like support, on the 4mts TF we got a breach today. 22050 was our laxman rekha but we ended up hitting 21969. 63mts chart The channel top is not breached in the higher TF, just because of this we are not changing the stance from bullish to bearish. We would like to give one more opportunity for Nifty to hold its ground. We would start the day tomorrow with a neutral bias and wait for Nifty to fall below 21913 to go bearish.
NSE:NIFTY
by viswaram