The stock has broken out and might retest, therefore it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone, 200 EMA & the upper trendline. The target is placed near swing high.
An interesting one here gaining much interest from Global investors. Recently interest in buying the bank has surfaced expect volatility but up is the way 2 funds are short on this with only 2% short float should be able to crush the shorts BUY the stocks LSE:MTRO OANDA:UK100GBP LSE:LLOY LSE:BARC NYSE:LYG NYSE:BCS
Hello and warm welcome to this analysis on KOTAK BANK which has been on a strong uptrend since AUG 2021. It appears to have completed its pullback and has reversed from strong support base of 1925. If that is held then it can continue its uptrend till 2100 for now in the short term.
Canara bank on a weekly timeframe Stage 2 Breakout from a stiff resistance zone which was earlier a support zone. May continue uptrend till it remains above 30WEMA. May proceed toward targets of 233/290. Only for educational purposes, not a recommendation.
Hello and a warm welcome to this analysis on Bandhan Bank The stock has been trending within a channel which could not break on the upside. Resistance at 300-340 then 400 and a bigger one near 450 with good support at 275 and below that at 250. A good opportunity lies here to do an SIP for medium to long term with a decent Risk Reward ratio
Hello Welcome to this analysis on Bank Nifty and Kotak Bank On the hourly chart Bank Nifty appears to be ending its 5 waves up from Aug 23rd lows (this can stretch to 38000) Kotak Bank in daily time frame is at a Bearish Harmonic AB=CD Pattern along with 1.27x its Fibonacci extension of the IHS breakout. (this can stretch till 1925) Both can cool off a bit from...
WFC made a nice engulfing candle, breaking out from a range Held good after earnings Sitting just above SMAs Banking & financial sector are strong Can make 10% from current level coming days
It has activated a Bearish Harmonic 5-0 pattern which is suggesting a retest of 1440/1400 and a likely bottom near 1350. The view would go wrong if it trades above 1485
I see a clear bullish triangle breakout formation on XLF, which is currently a leading sector in the S&P500 (with regard to relative strength).
Banknifty opens lower today and saw selling only to close near its low. The immediate support I see on the index is around 33300 levels. If the prices hold these levels, they might move towards the recent highs. Any opening below 33300, would trigger selling in the index and prices may move instantly towards 32980 and maybe towards the lower end of the range...
BANKNIFTY, Daily Chart Three consecutive close above 33100 will take it to 36960 & 38000+++ levels in days to come. Stop loss below 31500 on a closing basis. Any fall downside will be buying opportunity. Disclaimer I am not SEBI REGISTERED Analyst My Studies are Educational purpose only Consult with your financial advisor before trading or investing
CHART PATTERN: ROUNDING BOTTOM TURTLE RIBBON TURN GREEN MEAN UPTREND ALREADY SLOW TURTLE BUY ON BREAKOUT FIFT SPIKE +VE ATOM BUY VOLUME KEEP INCREASEING, BULL STARTING GAINING CONTROL
2020 was a hard time for everyone because of Corona , but one of the biggest shock of stock market was Wirecard scandal. I believe even after all this chaos around Wirecard, it would rise again in future. Of course the time could not be predicted. Wirecard was a BlueChip stock, they have billions of Euro worth business running still now. The share fell down...
WE KNOW THAT DOW THEORY IS PRIMARY SECONDARY AND PRIMARY AGAIN THE MARKET ALREADY SECONDARY REACTION AND NOW BJTM IS MAKING A BASE, A BASE IS LIKE A CAGE WHICH THE PRICE TRAP INSIDE THE CAGE, WE HAVE TO WAIT THE CONFIRMATION OF THE BREAKOUT OF THE CAGE, IF BREAKOUT THAN THE PRICE WILL RALLY MAKING HIS PRIMARY REACTION AGAIN, THE TARGET PRICE AREA WILL BE 750 -...
WE CAN SEE A REVERSAL FROM 30500 LEVELS.. TRADE ACCORDINGLY..
INDONESIA STOCKS MARKET BMRI (BANKING SECTOR) En : The red candle on 30 Sept shows us that already hit fibonacci external retracement on 1.272 (False break area) that means Double bottom in on the way, And if we put a trendline it shows us the chart formed a pattern called falling wedge so this 2 strong patterns will lead BMRI to minimum : 5450 the reason is...
Technical Analysis and Outlook Bitcoin's price broke out of a powerful resistance of $11,000 . As a result, the price is advancing to Mean Res $11,935 and #2 Inner Coin Rally marked at $12,013 - The trifling retest is expected, buy the ''Rinse and Repeat and ''Prevalent'' zones. Phase Two of the rally is very much to follow. To continue the rest story, see...
Chart technical target already processed. In my opinion, wave targets should be searched lower. 1. either massive bank failure ahead with bail-ins or 2. massive rescue packages from the ECB. I bet that ECB will buy bank shares massively and issues uncovered blank checks within the EURO system. What comes to my mind? I have to buy more gold and silver shares...