SBI has broken out of the ascending triangle and also broke a strong supply zone. The price broke the supply zone and a pullback has been seen. The price took the support of the zone and the trendline successfully. The target is the height of the ascending triangle above the breakout level. So, it comes out to be around 540. Stop loss must be placed below...
The highs made in Feb 2021 and Jun 2021 were broken. They formed a strong supply zone, which was broken and has been tested successfully with today's bounce. Tomorrow being an expiry day, we couldn't see much action or may see consolidation but a rally could be expected in the second half-session tomorrow and may continue on Friday too. We shall try to analyze...
#PNB #PunjabNationalBank Inside Bar Breakout (Daily Basis) - Volumes increased with Breakout Moving in a Parallel Channel (Moving off the lower channel) Targets: As mentioned in the chart Ps: Analysis ONLY - NOT a Recommendation
Buy PNB Near 38-39 Stoploss 35 Target 45 Demand & Supply Structure ..Stock is trading near Retest Support Zone
Stock is moving with Higher Low's. Ascending Triangular Pattern breakout confirm on Weekly chart's. Breakout candle is very strong. MACD supportive to breakout. MACD Indicated Positive crossover too along with Sharp Uptick in RSI. RSI comfortably staying above 60. One can see consolidation near 50-60 zone too. Stock has given breakout with Strong Volume Rise....
Canara Bank has a fresh breakout with good volume & some good news also. Buy- CMP Target- 183.40, 190 (Intraday or Positional) SL- 167
PNB is showing strength. hoping for a breakout in this as PSU banks are moving.
SBIN breakout over the trendline. PSU Banks are showing strength so this should work. stoploss and targets are on the chart.
Nifty Psu bank index made a inverted head & shoulder pattern in weekly chart .
BANK OF BARODA has given a horizontal breakout. volume seems good for the trade. stoploss and targets are in the screen
BANKBARODA Buy-Between 80-85 SL-72 T-100 110 123 Mid Term targets- 110 145 All PSU Banks seems to be in a cyclic change. One by one we are getting entry in PSUBANKS.
#CANARABANK Looks good, had a strong breakout. Expecting good upmove!! #VR
IDBI Coming out of range. IDBI Buy-Between 30-40 Sl-25 Target- 60 80 100
BANKINDIA has been a down trending stock since many years. There is a Change in momentum in Monthly timeframe. Going to buy the falling knife. BANKINDIA Buy-Between 45-50 Sl- 35 T-70 90 100 130
The stock touched the support and bounced back . A breakout has also happened . The bull run has started in INDUSIND Bank .
As we can it gave brekout to its 2 month previous closing and breakout with power so try too Accumulate .... Buy Above - 668 Target - 670/675/680 SL - As per Own
High probability setup - SBIN continuously consolidating in a range of higher lows and higher highs. TGTs should be as per graph. Keep a tight SL of 426.75 and tanke a trade after breakout of 435.50 level. Conservative traders wait for retesting the same breakout level. However, rest are add qty once resting level come. Upside momentum pending in BankNifty. Happy...
Hello Traders, I would buy 10,000 shares of MAHABANK at CMP: 19.05. Then I would sell 50% quantity at 25.55 and 25% at 30.85. The remaining 25% I would leave as it gets free. It looks like a good share as its CCI is moving upwards and so is RS14. Also it has recently given good volume and price upmove. Lets see how it goes. I will still keep my SL placed at...