JULY-SEP is expected to be a profitable quarter for yes bank, the price is expected to rise as the volume will rise if the volume crosses nearly 400 mn in a day it will surely boost to 15.50-16 levels, as per insights CASA for Bank has shown growth and for long term its a buy call for the refined yes bank for you.
SBI has underperformed compared to Bank Nifty. It is likely to expect that we can see some good momentum in SBI in the coming weeks. 225 is strong resistance as of now. This stock is certainly not a pick for the long term horizon.
CMP - 200
Target - 225
Position Type - Swing
Yesbank shows a flag pattern breakout in one day chart. In my opinion, it will be short term bullish. In fundamental wise, Positive news are coming for yes bank. so 1st target will be around 18.0 and second target will be around 24
Short Term chart for the company is forming a descending triangle pattern with lower highs and same lows. The stock has been taking support in the range of 13.95 to 14.05. Looking at the Fibonacci retracement levels, the stock has been taking support at 0.5 level. The stock has had a gap down opening at fibonacci level . This would be my first target for the stock...
Nifty - Technical Analysis:
Nifty formed a double top pattern in hourly charts and 10880 will now act as a strong support which, if breached, can lead to a further correction in the index.
On 15 minute charts, Nifty gave a failed breakout out of the 11100-11300 range and also the upward channel.
Market - Driving Factors:
All sectoral indices ended in...
ye sirf projection hai koi technical analysis nahi hai agar waqt acha raha to ye level bhi dekhane ko mil sakta hai par iske liye dhery rakhna jaruri hai market me kai sari companys esi hai jo ek time par koi janta bhi nahi tha tab jisne uski value parakh li wo aaj khus hai
Bank Nifty Technical Analysis:
Bank Nifty broke the lower trend line of an almost 20-day long rising wedge pattern.
The bears were clearly in control of the market, bringing the index down by 1.38%.
22000, which is the 50% Fibonacci Retracement level, acted as a strong support.
Bank Nifty Driving Factors:
Yes Bank FPO failed to excite market...