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Fundamental Picks - Stock PE < 20 (NIFTY BANK)📊 Script: BANKBARODA ⏱️ C.M.P 📑- 254 🎯 PE 🏆 - 6.98 📊 Script: FEDERALBNK ⏱️ C.M.P 📑- 159 🎯 PE 🏆 - 9.33 📊 Script: BANDHANBNK ⏱️ C.M.P 📑- 187 🎯 PE 🏆 - 10.12 📊 Script: SBIN ⏱️ C.M.P 📑- 817 🎯 PE 🏆 - 11.43 📊 Script: INDUSINDBK ⏱️ C.M.P 📑- 1410 🎯 PE 🏆 - 12.66 📊 Script: HDFCBANK ⏱️ C.M.P 📑- 1437 🎯 PE 🏆 - 16.07 📊 Script: IDFCFIRSTB ⏱️ C.M.P 📑- 76 🎯 PE 🏆 - 17.13 📊 Script: PNB ⏱️ C.M.P 📑- 123 🎯 PE 🏆 - 17.89 📊 Script: ICICIBANK ⏱️ C.M.P 📑- 1117 🎯 PE 🏆 - 18.44 📊 Script: KOTAKBANK ⏱️ C.M.P 📑- 1627 🎯 PE 🏆 - 18.49 Formula to calculate PE = MVP/EPS MVP - Market Value Per Share (Stock Price) EPS - Earning Per Share Industry(NIFTYBANK) PE - 15.7 Always Compare Stock PE with Industry PE for Better Understanding. LOWER THE PE MORE ATTRACTIVE THE COMPANY. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:BANKBARODALong
by radha_23
SBI Bank Channel Breakout and Bullish Flag PatternDetails: Asset: State Bank of India (SBI) Pattern: Channel breakout and Bullish Flag Breakout Level: Above 800 Potential Targets: Projection based on channel width or flagpole height, or next significant resistance levels Stop Loss: Below breakout level or as per risk tolerance Timeframe: Medium to long-term Rationale: State Bank of India (SBI) is exhibiting a channel breakout above the 800 level, indicating a potential shift in sentiment. Additionally, the price action resembles a bullish flag pattern, characterized by a sharp upward move (flagpole) followed by a period of consolidation in the shape of a flag. The breakout above 800 suggests the possibility of a significant upmove, considering the bullish pattern formation. Possibilities: Bullish Momentum: The channel breakout and bullish flag pattern suggest the presence of bullish momentum in SBI. Projection Targets: Potential upside targets can be estimated by measuring the width of the channel or the height of the flagpole and extrapolating it from the breakout point. Confirmation: Confirmation of the breakout and pattern validity with sustained trading volume would provide further conviction for the bullish scenario. Risk-Reward Ratio: Depends on individual risk appetite and stop-loss placement. As always, it's important to conduct thorough analysis and consider risk management strategies before initiating any trades or investments.
NSE:SBINLong
by CyborgTradingHub
SBI Analysis!! Will SBI move as per Double Bottom(W)Pattern??SBI Daily Analysis Double Bottom Pattern Formation in SBI SBI has made Double Bottom Pattern . As per analysis The projected Target of SBI would be 605.65 but we all know there will be some buffer in theoretical and actual movement so i divided the profit into two parts. The target 1 will be 605.65 and target 2 will be 649.85 this is the highest level of projected profit. Will se what happens? Entry = Above 568 Target = 1) 605.85 2) 649.85 Stop Loss = Below 554.90 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2)Do your own research and analysis 3)Define your Risk to Reward ratio 3)Don't trade with full capital
NSE:SBINLong
by Avinash9087
20 Feb ’24 — Stance revised to bullish for BankNifty ⬆️⬆️⬆️BankNifty Analysis - Stance Bullish ⬆️ Yesterday we discussed the possibility of HDFC Bank making a move and quite fortunately that came true today. We rallied an impressive 769pts ~ 1.66% today to take out the first resistance (bearish trendline break). Would you believe the elephant jumped 2.63% today along with AXIS Bank 2.41%, Kotak Bank 1.8%. ICICI Bank & SBI was not that stimulated today, even then we managed to rally hard today. Notice the blue-encircled regions where we spent time today trying to break out. The momentum from 14.03 to close was the main and the only reason we had that break through today, otherwise we would have spent the time following the resistance slope. 4mts chart On the higher timeframe, the break above the bearish channel is loud and clear. But we are below the 47465 resistance line (orange color). Since we have an expiry tomorrow and because BN attained the bullish stance today, we expect those levels to be tested and broken by tomorrow itself. Being in trading, we cannot always remain optimistic and expect things to happen our way - that's why we engineer stop losses and fix reversal levels. In case something like that happens tomorrow, we will see if the bears are keeping BN below the blue channel line - if yes, we will reverse our stance back to neutral and wait for the next trigger. 63mts chart Algo Trading Our algo trades ended today with a gain of Rs6904. We stopped the algo at 14.24 as a breakout was looking imminent. We will have to backtest it tomorrow to see if it was the right decision.
NSE:BANKNIFTYLong
by viswaram