PSU Bank Index -- Will it complete the flag pattern and Double ?CNX Bank Index is creating a flag and its at the bottom on the flag pattern, with RSI at 36. It also shows hidden bullish divergence on the daily chart!!
6670 is the base of the flag and it can achieve 11500-12300 levels once it 7600 levels.
Its a 2 years positional trade.
Psubanks
Bank of IndiaHello and welcome to this analysis
Since end Jan we have see the stock consolidate and drift down, prior to that for 4 years the stock gave a strong rally.
Crucial support at 90-95 with strong resistance at 150.
Investors could look to accumulate as medium to long term outlook remains very strong.
Had covered Union Bank of India earlier this month. Link is given below, can check the analysis for it too.
Happy Investing
UNION BANK OF INDIAHello & welcome to this analysis
Bank stock currently consolidating near a support in short term appears wobbly.
Below 125 it could slip down to 110-90 where it could once again see smart money buying it.
Resistance for now between 145-155, only above that in my opinion it would see any upside momentum
Overall medium to long term outlook appears very bullish, dips would be an opportunity to add.
Happy Investing
PNB, Intraday View for 5-JulyContinuously the price is facing resistance from the level of 122 and the price has failed to close above the level of 122. But today we have a very weak negative candle. So, the trend is negative with weak strength.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 20-JuneToday we have an indecisive candle in the positive zone. The probability of gap up or gap down is very high. But there is no change in the structure.
For tomorrow the intraday range is 130 to 136 and 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 19-JuneThere is no change in the structure and the price has failed to close above 130.
But the price is still in the positive zone.
For tomorrow the intraday range is 130 to 136 and 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 3-JuneA bullish hammer candle has been formed and given the breakout of the compression zone.
Also the degree and nature of separation in both bands indicate the start of an uptrend but we need a confirmation candle.
CMP-129.45
R1-131.55
S1-123.50
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
State Bank of India can show momentum outside the narrow Range Stocks to Keep in Radar for Next Week
⏩ SBIN
⏩ NMDC
⏩ BHEL
⏩ DLF
SBIN is consolidating in narrow range from past many sessions
If decisively sustains outside the Box range, directional movement could be possible
However in case of Bearish pattern at upper end of range
it may come back to prev week's range
Important downside support is around 800 zone
whereas upside hurdle is aroud 845/850 level
*Election Results can create Volatility in the Maket
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
UCO BANK :PSU BANK
#psubanks looking great!! Sharing my Favourite.
#UCOBANK
Good base formation done , volume almost dried.
Reversal signs seen
Support levels marked on the charts
Keep in Radar
Disclaimer - All information on this page is for
educationaland learning purpose only. We are not SEBI registered financial advisor.
Nifty PSU Bank Index | Review and LevelsRSI = 50, Darvas Box formed at 23.60% retracement level of Fibonacci.
The index could be volatile in the range of 6840 to 7300.
The constituents could experience high volatility in the coming week.
A fresh trend is formed above the level of 7300.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
SBIN DOUBLE BOTTOM CONFIRMATIONState Bank of India (SBI) an Indian multinational public sector bank and financial service ready for big rally.
In recent quarter we saw a tremendous growth in banks financial statements and we got confirmation on chart that stock is ready for Rally.
In past few weeks we do see stock form double bottom pattern on weekly basis.
CMP : 820
SL : 760
T1 : 880
Note : This is only for educational purpose
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.
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.
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.






















