Psubanks
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.
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.
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.
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.
BONUS DAILY SWING CALL // Wed 17th of February 2021 / PSUBNKBEES****SPECIAL TRADE****
This an ETF which is linked with PSU Banks, If you wish to benefit the current PSU Banks Rally and want to ride the wave. This is a perfect trade. You can Swing / Short Term / Long Term on this trade. We will navigate you through the trailing SLs and Targets.
BONUS DAILY SWING CALL // Wednesday 17th of February 2021 / NSE:PSUBNKBEES
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 26.65
TARGET: +30.5 (15% Around)
STOP LOSS: 23.95 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.