The chart of the State Bank of India is making higher highs and higher lows for a year now and recently we can observe an inverted head and shoulders pattern, yet closing above Rs 537.55 with good volumes will give a potential buy chance for swing position. Recently we have seen a rally in PSU banks like CAN Bank, BOB Bank, PNB Bank thus this also becomes a...
BOB is looking strong and need weekly close above 109 for next entry Relative Strength is positive RSI is Bullish ( above 60)
PSU Bank Sector has given a breakout and Showing good strength during this weak market Canara Bank can be added for Swing trade Breakout in Monthly chart and RSI is Bullish
Buying opportunity in J&K BANk Good Risk to reward ratio keep an eye on and be patient in this choppy and downtrend market. Buy with SL below the trendline on a closing basis.
Canara Bank is showing a trend reversal W pattern, with daily T.F volume slightly above average. Let's see if the current day closes above the last swing high. lower T.F consolidation within a 15min range. Let's see if any move from here. The PSU index as well, in the same pattern. SBIN followed the same pattern and closed above. I hope the next Canara bank
PSU Banks reversal from support Relative Strength is coming above 0 line and turning positive RSI above 55 will Bullish sign
I am bullish in this sector because of price already made a inverted head and shoulder chart pattern in weekly chart and now trading to its important support Zone . In daily chart set up price consolidate above 200 Day MA and Break the upper boundary of the consolidations zone . So high probability price continue the uptrend .
my interpretation of path bank nifty can take in coming weeks if it is nearing bottom for short term. Please do not trade this before you do your own analysis.
One of the nice set up here on the charts of Punjab National Bank. This looks like a great trade with perfect risk to reward ratio. Rough Set up. Buy Price - Around 40-41 Stop loss - Around 38.5-38 1st Target - 43 🎯 2nd Target - 47 🔥 This is not a buy recommendation from our side. Just showing how to plan a trade and be ready to take calculated risk against good profit.
In bigger timeframe it is in downtrend for years. Now showing good up move in daily timeframe and has multiple reasons to continue bullish momentum. But not sure till where it will last. Resistance zone is near too. Let's see. This post is for information purpose only.
Scrip: Canara Bank Setup : Price at 52 week high, Chikou in open area, Ride the momentum for quick 10%-20% gains Entry : 185 - 195 Target - 225-228 range (20% gains) Stoploss: This is positional trade and determination of Stoploss should be based on ones risk profile. 150 should be good zone to add more to the position. Please note: I am not a SEBI registered...
On 9th Nov 2021, the stock gave a strong upmove as the market opened, thereby consolidating over the day. The structure resembles a bullish pennant formation on 15 min chart (Quite visible at 1H charts too). Support Region remains around 55.5-55.6. A breakout from here can instill fresh momentum in the stock and further upmove. **I am not a SEBI Registered...
In live market cannot describe much Canara bank has broken its previous supply zone which is now a huge demand zone and also a Harmonic half bat pattern Buy at current levels @175 stop loss @170 Targeting 30% as first target as its a major breakout Will not keep SL personally will keep adding at dips NSE:CANBK
KTK BANK is in Wolfe Wave, the good thing is it is about to get triggered. This is a weekly TF chart. Once it gives a weekly closing above 74. Then it will give a stellar move towards 128 ( P4 of Wolfe Wave). Few intermediate targets would be 99-115. This is a stock which you should have for Diwali. Chart & Analysis - Adarsh Dey
Multitimeframe trendline BO +Ascending triangle + channel BO + good volume + trading above all MA Buy @173 Target @245 ( 40%) Sl 150 check our Recent analysis from related idea FOLLOW , LIKE , COMMENT & SUPPORT
Bank Of India Respected the trend line. Volume is above average. Stock to watch. Disclaimer : This chart is only for educational purposes. Before taking any position kindly do your own research. Follow the Risk Management rules.
Disclaimer: I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your...
Bank nifty is near its swing high, it may take a correction or take out the supply zone with the short covering moves. Here we analyze the PSU bank index, Private bank index, and ICICI bank to see what could be the scenario on Monday. Today, we have ICICI bank's results which decide the Bank Nifty's run. In the above image of the PSU bank index, we can see...