Route Mobile, Swing/Positional TradeRoute mobile is about to breakout from a symmetrical pattern. One can take a swing position/positional trade in the same if the symmetrical triangle gives a breakout upwards with a stop loss of 1400 and target of 1720.
Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same.
Symmetrical Triangle
Power of Symmetrical Triangle !ASAHIINDIA is forming symmetrical triangle pattern which is famous for giving breakout and breakdown both. If stock gives breakout from this pattern that it can be a good swing trade ( Also watch overall market sentiment). Also note that this chart analysis was done by me for educational purpose, feel free to share your feedback/queries.
Sleeping Giant Is About To Wake Up !Traders, As nifty bank is rising sharply , There is very much possibility that Kotak Mahindra Bank can give an upward breakout from its symmetrical triangle pattern. Buy only after breakout is successful and its given with great volumes.
This is today's analysis that is done by me only for educational purpose, feel free to give your feedbacks/queries.
SBIN: EARN LARGE PROFITS IN A FRONTLINE SHARESymmetrical triangle breakout in SBIN. 🔥🔥🔥
REASONS TO BUY:
For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. SBI has earned Rs 2,57,323.5922 Cr. revenue in the latest financial year. It has posted decent revenue growth of 13.60 % in last 3 Years.
In terms of advances, the bank reported 6.38 % YOY, rise . If you see 3 years advance growth, it stands at 13.96 %.
Currently the company has a CASA ratio of 44.23 %. It’s overall cost of liability stands at 4.48 %. Also, the total deposits from these accounts stood at Rs 32,41,620.7343 Cr.
The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.
PE is less than 15
Lastly, The banking industry is in boom with growing demand across India, I'm very bullish on the banking sector and the most undervalued banks stocks are in PSU space. I think the credit cycle has turned and going ahead there will be huge demand for money.
SHORT TERM TARGET: 486 (12-16W)
LONG TERM TARGET: 650 (52W)
I am NOT a SEBI registered advisor or a financial adviser. Any of my investment or trades i share here are provided for educational purposes only..