PNB: SLEEPING GIANT AWAKENDBuy PNB at Curent market price, sl: 38, Targets: 44,46,48+, horizon: 6W. Study Reverse head and shoulder pattern breakout.
Psubanks
PSU BANKS: Invest in one of the most underperforming sectors !!!We are at the cusp of a fresh bull run in psu banks. My top picks are SBIN, PNB, CANARA BANK & BOB. Don't miss the golden opportunity. Chart is self-explanatory. Only for educational purposes.
BANK OF BARODA: UNDER RADARTECHNICALS AND FUNDAMENTALS OF BOB LOOKING BOOLISH......
1) P/B IS LOW IN IT'S INDUSTRY.
2) RSI IS MID-RANGE.
3) EXPECTED TO GIVE SURPRISINGLY GOOD RESULTS IN RECENT QUARTERS.
4) FII/MFs INCREASED THEIR SHAREHOLDING LAST QUARTER.
5) ZERO PROMOTER PLEDGE
Only for educational purpose and not a recommendation to buy or sell.
#bullish on PSU Bank SegmentSince the NiftyPSU is on an uptrend, looking at the waves indicates that it will be a smart buying as wave 5 has just begun.
Below are expected resistance levels
1st Resistance level at 2497
2nd Resistance level at 2667
3rd Resistance level at 2741 (Breakout level)
It can provide a target of 3067.
PNB: SLEEPING GIANT AWAKENED Punjab National Bank is an Indian multinational banking and financial services company, 3rd largest in India, it has Formed reverse head and shoulder pattern. Closing and sustaining above 38.60 can lead to massive rally.
SHORT-TERM TARGET: 44 (4W)
LONG-TERM TARGET: 94 (52W)
Reasons supporting the rally;
➡️MACD ABOVE SIGNAL & CENTER
➡️RSI INDICATING PRICE STRENGTH
➡️PNB SAW IMPROVEMENTS IN NET PROFITS, OPM & REVENUES IN RECENT QUARTER
➡️MFs INCREASED THEIR SHAREHOLDINGS LAST QUARTER
SBIN: BIG PROFIT IDEA FOR SHORT TERMTRADE OF THE YEAR. BUY SBIN AT CMP FOR A TARGET OF 650, HORIZON: 52 WEEKS.
(DON'T MISS THE OPPORTUNITY).. THANK ME LATER !!!
PNB: TURNAROUND POTENTIALHuge trading opportunity in PNB with limited downside.
TARGET: 44, HORIZON: 3M
SBIN: THE BANKER TO EVERY INDIAN 🔥SBIN: INVEST IN ONE OF THE UNDERPERFORMING SECTORS.
Reason why I am very very bullish on "SBIN"
1) I have my personal Bank account with SBIN.
2) SBIN has formed acceding channel pattern, the stock has been trading within the channel since 2007, finally gave a BO with huge volumes.
3) SBIN has Strong Balance sheet.
4) SBIN profitability does very well as the economic cycle turns.
5) The credit cycle has just turned. Going ahead, there will be a lot of demand for money. The cost to income ratio of public sector banks is going to come down. There will be pricing power as there will be demand for money.
6) Morgan Stanley and notable brokerages have retained overweight rating on this stock.
According to me,
SBIN TARGET: 650
HORIZON: 6M
PNB: INVEST IN ONE OF THE MOST UNDERPERFORMING SECTORPNB: Punjab National Bank looking good for medium term, PNB is an Ideal destination for all Banking and trading need. 🔥
BUY PNB AT CMP(34)
T1: 44
T2: 65
SBIN
T1: 400
T2:450
T3:600
BOB
T1:85
T2:96
HORIZON 3-6M
SBI, PNB & BOB ALL WILL OUTPERFORM IN THE NEXT 3-6 MONTHS.
breckout stock for short termsNSE:BANKBARODA
ENTRY 76 TO 78
TGT 87 TO 91
SL 67.00
importance of key points :
hold : if nifty psu index up and side way trend
exit : if nifty psu index down trend
Buy BANKBARODA For 10-20% TargetYou can initiate a buy position in bankbaroda. Consider the given levels for initiating this trade.
Buy-Above 80
SL -73.5
Target- 87 95
Duration- 1-2 Weeks
Disclaimer:- I am not SEBI registered. All the analysis shared is my personal opinion.
Do follow us on tradingview for more trades like this.
SBIN: TURNAROUND POTENTIAL SBIN: DON'T MISS THE GOLDEN OPPORTUNITY. TRIANGLE BREAK PATTERN IN SBIN.
LOOKS GOOD FOR MEDIUM TERM.
TARGET: 600
HORIZON: 6M
The Target is Rs20+ in South Indian BankNSE:SOUTHBANK is showing similar patterns like other PSU banks. I have posted Central Bank of India's chart as well and I see huge potential to the Upside in both of them as per the Charts are concerned.
Fundamentals of South Indian Bank are better than Central Bank though.
Kotak bank on the verge of Double Top BreakdownJust keep an eye on it-Important support lvls and target mentioned in the chart~This analysis is only for educational purpose~
Bank Nifty Still a fall possible??Bank Nifty was at channel top and it had to fall and it's fallen. does it take a monthly support at 28000 level? lets wait and see where market has to headus in coming days ( before Apr 31st 2021 ).
my view on Monthly is bearish. but weekly we can see some consolidation.
