Strategy- Cup with handle pattern CMP- 1688.75 Target- 2175 Approx Gain -30% Largest bank of Bharat with high net profits and in a consolidation state from past 2 years. Best buy both for short term and long term.
If you haven`t bought BAC here: Then analyzing the options chain of BAC Bank of America Corporation prior to the earnings report this week, I would consider purchasing the 30usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $0.83. If these options prove to be profitable prior to the earnings release, I would sell at...
A risky trade, Please add small amount to it. Target and SL has been shown on the chart. Disclaimer: I am not a SEBI Reg. Analyst. Please do your own research before investing or trading.
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management !! This chart analysis is for reference purposes only !! If you want to...
Just check out the chart. It is worth to open a small short position tomorrow. Price may take a few weeks to drop, it its also probable that price attempts a few more times to break up. I would add if a see a strong sellers reaction.
DCB Bank can make a breakout soon. Good candidate to keep on watchlist.
Cup and Handle has formed on Capitec's Daily chart. We've had a disappointing 12 months with banks and its downside. And today, the price opened above the Brim Level. This means, the buying and demand is more likely to take the price higher. Other indicators confirm: 7>21 - Bullish Price<200 But price is heading to the 200MA RSI>50 Target R1,853. SMC Sell...
🚨🚨🚨 Going to make a stink about #yield again. Short term #interestrates have been creeping higher. Let's👀@ #bond Yields. 6M = holding steady, trading slightly higher. BUT, 1Yr = BROKE RECENT HIGHS. It's at resistance but shows momentum. 2Yr = Closing in on TSX:SVB closure high. This is where #banks began to break down. 10Yr TVC:TNX @ current downtrend is...
With the Bank Stress Test showing positive results, here's a possible trade gameplan for GS into qEnd provided conditions are met and we have a bullish reaction to GDP + Unemployment numbers in pre-market tomorrow. The path on the 15 min chart looks messy since that's the lowest resolution I can publish, so I've included a 5 min version in the screenshot...
There is a Head and Shoulders pattern that has formed at the PCZ of a Bearish butterfly; it is also breaking down the trend line of a Bearish Dragon and the likely target seems to be $129.
CBA, Australia's Biggest Bank, is currently breaking down below a trend line after previously confirming Bearish Divergence on the monthly MACD and RSI, and the nearest strong support level is all the way down at around the levels of $40–$22. This may be the ultimate sign that we are about to see a significant greater move down of the global financial sectors...
Santander will join other banks and will dump. We can see lowe highs and the price already broke down the upsloping support. 23 % drop in the next weeks is very likely. MACD looks very bearish. Increasing negative momentum. Short it and enjoy the profit!
Short term #yield is still weakening The 3M & 6M peaked not long ago & been going lower. The 1Yr & 2Yr are holding area when the #banks began to fail. The 10Yr peaked Oct 2022, last year. TVC:TNX has been lower & looks 2b headed lower at the moment. We'll see what the #FederalReserve does but Wall St thinks #fed is done with rates or @ CLOSE to the end of hikes
This week we learnt how vital Central Bank communication is to global financial markets. The trio of central banks – The Federal Reserve (Fed), European Central Bank (ECB) and the Bank of Japan (BOJ) held their respective meetings. Each of the central banks tried to convey how they will navigate monetary policy amidst a slowing economy and avoid a hard landing. ...
UPDATE from last time. I thought we would get a bit of a pull back before the upside push, but I was mistaken. Regardless, the price was expected to move up and up it is going. This W Formation that formed and broke out gave a decent Risk to reward 1:2. And At this point where the R:R =1 it's even safe to bank half profits and move stop loss to breakeven....
The chart here looks almost identical to PNC Financial Services Group... We've been receiving countless spam from banks offering all sorts of products, dozens of emails and phone calls every week... Now we understand why... It seems like they are desperate for money. TFC Weekly Chart: ✔️ Notice how the green weeks have low volume vs the red weeks which have...
We are now at #5 of the TOP10 biggest banks in the USA, this one seems pretty bad as well. Let's start with the weekly chart and then we move to the monthly for the bigger picture: ✔️ This week USB had the worst week since Feb. 2020, Covid days. ✔️ A major support level failed in the form of 0.618 Fib. which can lead to lower prices. ✔️ We have a bearish cross...
We post a lot of ANALYSIS with ideas & what we're seeing BUT Keep an eye out for the ACTUAL CALLS We called rally in TVC:DXY & #yields, we got that over last month + Recently we stated that #bonds likely found a bottom = yields topping & Stated that TVC:DXY was looking weaker #Dollar cratering & Yields falling This COULD save, at least for now, another wave...