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SBIN ready to rocketInternational Business The bank has a global footprint with a network of 233 branches/offices in 32 countries. It has presence in USA, Canada, Brazil, Russia, Germany, France, Turkey, Australia, Bangladesh, Nepal, Sri Lanka and other countries. Presently, Overseas business accounts for 3% of total deposits and 13% of total advances. Government Business SBI has always been the banker of choice to the government of India and is the market leader in government business. It had turnover of ~52,50,000 lakh crores and commissions of ~3,700 crores from government business in FY20.
NSE:SBINLong
by TechnicalAnalystSucrit
BANK NIFTY INTRADAY LEVELS FOR 29/10/2024BUY ABOVE - 51420 SL - 51160 TARGETS - 51700,51860,52020 SELL BELOW - 51160 SL - 51420 TARGETS - 50920,50670,50380 NO TRADE ZONE - 51160 to 51420 Previous Day High - 51700 Previous Day Low - 50920 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY ANALYSIS FOR 29/10/2024BUY ABOVE - 24340 SL - 24100 TARGETS - 24450,24530,24620 SELL BELOW - 24220 SL - 24340 TARGETS - 24100,24010,23900 NO TRADE ZONE - 24220 to 24340 Previous Day High - 24450 Previous Day Low - 24100 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - A ll information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
6
CHOLAFIN - has completed 5 wave impulse from Covid LowsCHOLAFIN - CMP 1280 Primary count (Blue) suggests that the 5 wave impulse from Covid Lows seems to have ended (from 120 to 1650) The correction could stretch up to 0.618 or 100% of the 4th wave lows.. Price has decisively broken 200 DEMA.. I am expecting this to test 1000 levels in the coming days.. There is also an unfilled GAP at 900 levels.. if we are lucky, hitting that zone will be a jackpot It is not going to be one way fall though.. Because it is a long range cluster (1000-1300 - multiple week consolidation range) and there will be multiple supports and bounces on the way.. Immediate support for now is 1180
NSE:CHOLAFINShort
by Murthy_Santhosh
1
Sikko Industries is at perfect position to Buy and go long Analysis Done according to Elliott wave theory for holding period 6 to 12 months. CMP is 103 on 29 October 2024 The correction has completed its Main wave 3 Subwave 2 and now Main wave 3 Subwave 3 is about to start and price can give us movement till 160 to 200 level so keep accumulating this share. Fundamentally The share has reported highest profit in the year 2024 so price correction is complete and now fundamentals will support its technical movement too.
NSE:SIKKOLong
by mohitdevelopments
Bank Nifty: Projected Correction to 46,000 wi1. Trend Channels and Structure Ascending Channels: The chart shows multiple upward-sloping trend channels marked by purple lines. These channels highlight the bullish trajectory of Bank Nifty over the past several months. The index is currently trading within a well-defined upward channel but has experienced recent pullbacks, which might suggest a reversion to the lower boundaries of this trend. Support and Resistance Levels: The primary support levels appear at approximately 46,000 and 48,000 based on the lower trend lines of these channels. Resistance is seen near the upper boundary, around 54,000 to 56,000, where previous peaks were observed. 2. Key Price Levels and Projections Short-Term Target of 46,000: The current downward trend, as depicted by the zigzag movement within the lower boundary, suggests that Bank Nifty could test the 46,000 level by the end of the year. This aligns with your prediction of reaching this level, possibly due to increased volatility or market corrections. Bounce from Support: Based on the projected trajectory, Bank Nifty may find strong support around 46,000-48,000. The chart’s structure suggests a likely rebound from this support, which may lead to a subsequent rally towards the upper trend line, possibly testing 52,000 - 54,000 in early 2025. 3. Potential Price Action Pattern Wave-like Pattern: The drawn zigzag within the channels indicates a wave-like correction pattern, possibly an ABC correction within Elliott Wave Theory. This pattern could complete around the 46,000 - 48,000 support zone, where the index might initiate a new bullish wave. Bullish Continuation in 2025: If the correction completes as projected, Bank Nifty could enter a bullish continuation phase in 2025, moving back toward the mid-50,000 range. This would align with the broader upward trend channel that has been respected since the beginning of the chart. 4. Technical Indicators and Momentum Momentum and Volume Analysis: Although the chart does not display volume, the recent downward price action suggests profit-taking or short-term bearish momentum. However, the strong structural support zones imply that once this corrective phase stabilizes, momentum could shift bullish again. Consolidation Zones: Past consolidation zones around 48,000 to 50,000 may serve as strong bases for the next rally, suggesting this zone will be crucial for future price action. If Bank Nifty holds this level, it can confirm the start of a new bullish leg. 5. Conclusion and Strategy Short-Term Outlook: Bank Nifty may experience a corrective move down to 46,000 levels, making it a critical zone to watch for support. Long-Term Potential: After this correction, Bank Nifty could resume its bullish trend, targeting 54,000 and potentially higher levels in early 2025 if the index respects the lower trend line and historical support. Risk Management: Traders should be cautious of any breach below 46,000, as it might suggest a breakdown from the long-standing trend channel. However, if Bank Nifty holds the 46,000 - 48,000 range, it could present a favorable buying opportunity for a longer-term uptrend.
NSE:BANKNIFTY
by Kapil-Mittal
EUR/USD Under Downward PressureHello everyone! Let’s join Alisa for an update on the EUR/USD pair’s movements. EUR/USD is under downward pressure due to concerns over Eurozone economic growth and the ongoing interest rate hikes by the US Federal Reserve. Additionally, rising uncertainty around the conflict in the Middle East may have strengthened the appeal of the US dollar (USD) as a safe-haven asset. The USD is also supported by the uncertainty surrounding the upcoming US presidential election. Currently, the EUR/USD pair is trading around 1.0816. The pair is moving within a descending channel and may continue to decline in the short term. The 1.0770 support level is a key barrier. If broken, the target could drop even lower. Could a reversal be on the horizon? Let’s discuss it together!
by Alisa_Rokosz
SIRCA PAINTSRange of Wall coating, Wood Coating, Metals, and Glass Coating products. Its offerings under various brands include: Sirca: Luxury Italian Wood Coatings, High-end Wall Paints. Unico: Mass -market Wood Coating products. Oikos: High-end Decorative, Solid Colour Finishes and Texture Coatings. DuranteVivan: Adhesives Product Portfolio. Co. is in the top 3 premium category wood coatings brand in India and Market leader in premium wood coatings in North India. Sirca is the Exclusive licensee for product sales to Nepal, Bangladesh & Sri Lanka
NSE:SIRCALong
by TechnicalAnalystSucrit
2
LAURUS LAB By KRS ChartsDate: 21st Aug 2024 Time: 9:32 AM Why Laurus Lab? 1. Correction Wave was finished with 5th wave low in Mar 2023, after that it gradually moving up and made upside channeling. 2. Currently price is sustaining above 100 EMA and likely to reversed from that too. 🤞 3. why I'm keen to post L Lab is because along with both above points its likely to close and try to be making Morning Star at bottom in 1W TF. Lauras Lab is at better price at this level with Future Targets of 525 and 605. SL would be flexible Weekly Closing Below 100EMA Once Morning Star Closing will confirm at end of this week this trade will Activated 🎇
NSE:LAURUSLABSLong
by KRSCharts
2
Wipro: Ready for Liftoff or Just Stretching Its Wings?🚀 Wipro: Ready for Liftoff or Just Stretching Its Wings? 🦅 #wipro Wipro is currently chilling at 555-557, but it’s got that look in its eye like it’s ready to spread its wings and soar to new heights. With 581, 610, 652, and even a moonshot to 672 on the horizon, this stock is acting like it’s seen the flight schedule and wants a one-way ticket up! 📈 It’s like Wipro woke up and said, “Why hang around in the 500s when I can join the cool kids at 610 and 652?” It’s aiming for those higher altitudes like an eagle with a fresh cup of coffee — and maybe a little too much enthusiasm! ☕🦅 For those who believe in the power of positive thinking (and some healthy chart reading), keep your binoculars ready — 672 could just be a glimpse away. Sure, the climb might be steep, but if WIPRO, feeling this motivated, who are we to hold it back? Just make sure you’ve got your stop losses and parachutes handy, in case this eagle decides to take a detour. 🪂 So, here’s to Wipro’s climb! Let’s see if it reaches for the stars or just enjoys the view at 581 for a bit. Either way, it’s going to be a fun ride! 🚀 Wish You Happy & safe trading "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:WIPROLong
by DhirajSinghBais