BANK
Adding Danske Bank to my investment portfolio 🏦Danske Bank's reputation has been under a lot of pressure because of accusations of money laundry.
But as we all know; banks don't have to serve justice and this will most likely not have any real consequenses for DB.
The combination of a selloff because of bad reputation and huge growth opportunities in growth stocks, I find Danske Bank to be undervalued.
I am adding this to my long term investment portfolio by dollar cost averaging in a position, throughout the range I've marked on the chart as a buy zone.
Bank nifty Monday trading planScenario 1: gap up 400+ points around 33300. If sustain above 33250. Go long. Target 33500. If reverses from high of 33300 and goes below 33100. Sell. Target 32800.
Scenario 2: gap down 400+ points around 32500. If goes below this, sell. Target 32200. If sustain at 32500 level, one can go long for the target of 32800 on level breakout. Market can reverse from 32200 as well.
I am slightly bullish on Monday. Will prefer to buy from lows. Use trenlines to identify sell or buy opportunities on 5 minutes time frame.
Scenario 3: no major gap. Sell below 32750. Go long only if sustain above 33000.
GBPAUD LONG Wolfpacktrading provided this GBPAUD alert to our community on Friday there are multiple fundamental factors and why we think this is a solid position as you can see for our support has held and we have a bearish sword forming this should push the pear into reversal up
Wolfpacktrading- 7,100 member community
Gram- wolfpacktradingfx
Sberbank to break, but only with good earnings reportHi there, I've been following Sberbank and here are my thoughts: there is a strong resistance level at 290-296, which is facing an uprising trend line (dotted line). In simple terms, I expect a continuation of a trend with a break out through that resistance level. Sberbank is being fundamentally strong company, hence I expect positive breakout. The only major concern is an earnings report on the 26th, hence I do not expect a break out before that. MA50 tends to be a local support level for a trend.
Of course, the earnings might not match expectations and then I would expect a pull back to test new levels later, but let's see.
Not an advise to invest, but feel free to share your reflection!
Axis bank (Make or break levels)As we know rising of Coronavirus cases in India is affecting banking stocks the most.
has a very strong support around 628 to 630 and it just showed sign of reversal. Although with increasing cases of Corona virus can bring to stock down again to 628 levels and provide a shorting opportunity as well.
TRAP FOR POOR RETAIL TRADERS on AUDNZDPrice has approached the top of a very visible parallel channel as well as a resistance area.
It's dangerous to trade short as big banks, hedge fund, institutions will have the opportunity of a big amount of liquidity that they will use to fill their orders. Basically they might drive the price higher with big capitals, and hit all retail trader's stops.
Be carefull.