Nifty Private BanksBull can resume their run above 20100, need to hold this level atleast for a day..Longby NavDeep_Charts1
Weekly analysis for Nifty Private BanksAs Nifty Pvt Bank is near to weekly and monthly resistance after Feb 2021 , it may take a pause as show in the chart , HDFC bank will play a major role in the breakout by TradeshellOfficial1
Pvt Banks at Breakout level*Pvt Banks* at Breakout level Short term - Mid term buying opportunity in banks. Grab opportunity before its too late. Longby Mahesh_WalseUpdated 0
Nifty PVT BANKStill in the Consolidation. Some of the private banks like HDFC RBL looks good. Since bank Nifty breakout from consolidation Nifty PVT Bank will break from consolidationby SAKTHI29100
Nifty pvt bank bullish candidateNifty pvt bank cmp 17975 Elliot wave study Daily time frame At the moment index is trading at pre covid all time high levels of index,, which are in range of 17950 to 18030. It strong demand zone and is being respected in past history so the index can be considered at support levels . Wave 1 :- wave 1 consist of 3494 points and 41.17% move from the bottom,, this is the first impulse wave of impulse phase. Wave 2 :- Wave 2 have retraced 0.786% of wave 1,as per theory it can retrace from 0.50 to 0.886% of wave 1 wave 3 :- wave 3 consist of 10629 point and 112.% upmove from the bottom of wave 2, it is longest and strongest impulse wave of the whole impulse phase,, point wise comparision of wave 3 with wave 1,, wave 3 have extended 3.14 time of wave 1 which is considered as pie number and is important number in geometry and fibo numbers,, percentage wise wave 3 have extended 2.618 time of wave 1,,as per theory it can extend from 1.618 to 3.618% of wave 1.. so all criteria of wave 3 matches the elliot wave theory. Wave 4 :- Wave 4 have retraced 0.382% of wave 3, as per theory it can retrace from 0.23 to 0.50% of wave 3 pre assumption of wave 5 :- wave 5 is last impulse wave of impulse phase and it can be euphoric in nature,, it should be smaller than wave 3 and can be equivalent to extended compared to wave 1. Now if we consider wave 5 as equivalent of wave 1 in terms of percentage it gives upmove of 6695 points,, which is almost 2 times of wave 1 which can be considered as extended 5 wave of wave 1 in terms of points and equivalent wave 5 to wave 1 in terms of percentage,, now same calculation if compared with wave 3 it is 0.618% of wave 3 in terms of points.. so most criteria matched for this calculation. Index is trading around support zone of previous life time high,, if index manage to reverse from this levels and wave 4 matures,, if wave 5 unfolds from current levels it may lead to levels of 22800-23000,, RSI is around support levels of trend line of symmetrical triangle formation indicate strength around this levels.. Good bullish formation as per elliot wave in this index,,, Longby RUDRA007116
Nifty Pvt BanksNifty Pvt bank showing good strength and Breakout on charts Good to accumulate for shortterm cmp-15590Longby Mahesh_Walse0
NIFTYPVTBANKNIFTY PVT BANK (MONTHLY CHART SINCE 2008 TO 2021) Get Ready For PVT. Bank Blast SoonLongby Charts_insiders114
NIFTYPVTBANKNIFTY PVT BANK (MONTHLY CHART SINCE 2008 TO 2021 Get Ready For PVT. Bank Blast SoonLongby Charts_insiders5
Niftypvtbank - WoW !! Interesting, check it outPrice after taking the support moves up strongly and breaks the long time resistance with super strong momentum. As usual price cannot hold the momentum and falls back to the breakout level which can be considered as retest. Good news awaiting for the bank nifty traders in the coming days . . . Follow up . . . Retest happened !! by Tradersasi234
Private Banks Tested Pre Covid HighsLooking good for 19000 and and then 20000. NSE:NIFTYPVTBANKLongby krunal_shah0
NIFTYPVTBANK | Private sector bank's - Looks tired?NIFTYPVTBANK | Private sector bank's - Looks tired? I see RSI negative divergence. Might be some profit booking happening. Should be careful until the resistance is taken out.Shortby srikartiramUpdated 664
Nifty Pvt Bank - Break out - Retest PossiblePrice finally breaks the resistance levels and hopefully closes above for this week. But one cannot rule out the option of price retesting the breakout levels before making new high. If conservative then wait for the price to retest and crosses the present high and enter into banking stocks, aggressive then find a place to enter at the time of retest. :) by Tradersasi233
NIFTYPVTBANK/NIFTYNifty private banks have started under performing the Nifty. It may be time wise correction or a fall. Time will sayby YS90
Nifty pvt bank good short candidateNifty PVT Bank spot CMP 16220. Bearish BAT pattern formation. PRZ in range 16600 to 16950 SLZ zone above 18050 Down side 14500 - 13500 - 12500 possible. 0.886 XA retracement completion around 16950 Equivalent AB =CD pattern completion around 16600 2% BC extension around 16640 levels.. RSI divergence :- Price making higher high, RSI making lower high, Bearish Divergence. RSI overbought ,,if breaks below 80 levels and prices reverses from PRZ zone good retracement can be seen in Index.. Price trading above rising trendline indicate overbought as per price action.. Shortby RUDRA0070
Pvt Banks , may be a candidate for next rally #NIFTYit is a spread chart of NiftyPvtBank/Nifty50, now if it breaks out it may be a candidate for next rally .by Dr_Aditya_Jalan0
Nifty Pvt Bank - Pattern on cards.Private banking sector is forming a pattern and will break big, wait for the break and enter more weighted banks in nifty to make easy profits. . .Longby Tradersasi231
CNX FINANCIALS & NIFTY PVT BANKSBoth CNX FINANCIALS & NIFTY PVT BANK indexes have made Bearish Harmonic AB=CD which also happens to be v close to their weekly & monthly Ichimoku resistance. Financials could retrace till 10500 while Pvt Banks could retrace till 11500. View would negate if they move and sustain above 11500 & 13100 respectively.Educationby Dinesh_C_NagpalUpdated 10
Weekend Indices NIFTYPVTBANK Study 14 Feb 2020 NSE:NIFTY Sector In Downtrend. Not A Strong Sector To Invest Money In.by silenThunderr1