Bank Nifty Trading Strategy for 18th Aug'2020PLAN YOUR TRADE ACCORDING TO MY POINT OF VIEW
100 % WINING CHANCE
BANK
Strong buy Santander BankI don't invest in banks but... this stock was downtrend since May 2017, so i have detected a double bottom in the lowest level, now it keeps consolidating and probably it will change the trend.
The next level: 3 per stock
BAC personal recommendation- Warren Buffet has recently purchased many share of BAC
- This is really good trend to Buy banking stock now since technology (nasdaq) is getting correction, due to long bull run.
- Last two days, people tend to buy more stock on NYSE & Dow Jones ( Cruise, Airplane, Bank, Restaurant and Casino stocks )
Long termThe RBL Bank has recently been forming "Cup and Handle" pattern. However, in daily chart we find a bearish trend owing to the "Bearish Shark harmonic pattern" formation.
The RSI is moving towards support levels, and may move downward. Buy at 174.8. However, if the support level of 174.10 breaks and the chart is still bearish, buy at 166.5-168.95. For long the chart is bullish. Target 260+.
#Positional RBL Bank Trendline breakout with volumeRBL Bank has given positive breakout with decent volume , SL of 155 should be strict and can be added till 160.
205 near time huddle
NSE:RBLBANK
*Disclaimer: I am not a SEBI registered person, all the views are for study purpose.
proxima subida 8% con liberbanktras la compra de acciones por parte de bank of america y el contrato sponsor con el real madrid en la temporada 20/21 liberbank se recupera con fuerza. vemos subida 8% para los proximos dias. si supera .24 subirá con fuerza. liberbank a diferencia del santander u otros bancos ya lleva varios años reestructurando y reduciendo oficinas. a proposito. quien ha comprado acciones de bank of america ultimamente? el mismisimo warren buffett. tiene sentido? leave comments below
NZDCHF - Interesting IdeaInitially I thought we would see immediate rejection from the key daily supportive level marked but we didn't. I personally believe most retail traders would have been buying at the area using a tight stop loss. Now that banks have come in and driven the price down to SL hunt, they may have now gathered enough liquidity to drive prices higher. I will be waiting for a break and retest of this small resistance marked before considering a long position. If this set-up completes it could provide us with a great risk to reward trade.
Nifty looking weakPossibility of correction, first possible support is 11215-20 area if broken might have a more 60 point fall. The trend is still positive, so be careful if carrying shorts, especially considering Rel result is around the corner.
wedges on BANKNIFTYafter big fall of 800 point its time to break wedge and one side move is expected ,
after range bound trend one side move will come
just keep eye on char ,i will update market sentiment which side market is moving
SO BE READY TO SAW NEW CHANGES IN MARKET.
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BAC compared to SPX and NDX: Dot com top and bottomBerkshire Hathaway bought 33.9 million shares of the banking giant between Monday and Wednesday. That increased Berkshire's stake in Bank of America by $813.3 million to more than $24 billion. BRK holds 11.5% of BAC now.
BAC chart compared to S&P500.
Observe the top of both the NASDAQ and S&P
BAC started bottoming when the 2 indices started falling.
2008 was a banking crisis which directly impacted BAC and it fell relatively harder than the indices. In 2020, Banks are well capitalised and backed by the FED, so chances of a banking crisis are slim.
Add to that, NASDAQ is clearly overcooked at the moment(Check the historical chart. Top of the major trendline. That said, it Could also break up)
WFC - 1H - 21.07.2020 (17.07 Follow up)#WFC -1H - 21.07.2020 - Ready, set...
After a brief skid this monday, price broke our second downtrend with a solid bullish candel (Economic fundamental causes behind it). Hopefully, the beginning of new tendence.
If we look at closely our Ichimoku cloud indicator, we will find that tenkan (convertion line) crosses upward Kijun (base line) when the price is above the cloud. According to the rule book of our friend Mr. Ichimoku, this is equivalent to a strong buy signal entry.
Tomorrow will be crucial to consolidate a 25.90 - 26.10 price range. After that, we can start thinking about the firt medium term resistance at 30 USD.
MTRO bank accumulation just keeps on rockingGiven the record net accumulation in June (truly amazing new record) - it is staggering to see July net accumulation at this level. in essence, the greed is amazing haha. Must be pretty big news coming imo
MTRO bank , very bullish day 21/07/2020The action of the day was, in essence, a typical sell off for the mtro capping region - until it got to last close. There was a beautiful squeeze on it, and bought up instantly. Given that was a negative sentiment price for most, its either shorters buying back, or more fund accumulation. NOt sure which
Famous last words on this stock, but expecting imminent news. Tomorrow or this week latest.
Storebrands strong dividends to support 56 NOK price tag?Storebrands operates in banking, asset management and insurance.
The insurance segment has filled up its coffers according to the solvency II regulation, meaning there should be plentiful of cash accessible in the future for dividends which should interest investors looking for good cash flow and dividends.
The trade is not a super exciting trade but feels like a rather certain one at current prices which is low by historic standards.
The main risk with the trade is negative interest rates which could affect the insurance operations negatively. The main opportunity is a change in investor sentiment towards companies with strong cash flow and dividends.
I set my first price target at 56 Norwegian crowns (NOK) which is around recent highs. My stop loss is set beneath the trend line (see the chart) and beneath recent support at 48 NOK.
Long term I believe that the Storebrand will trade higher, perhaps reach 60 NOK in 2020. However, the path there is not very likely without retracement. I will use retracements as buying opportunities provided that the overall trade fundamentals remain intact throughout 2020.
chfjpy bearish potentialexpect up trend to 114.70 and after that reversal to 112.00 , looking for Bearish Price Action Pattern , I expect Big sell On this pair ! and same like audjpy and eurjpy ... lets see what will happend ! good luck
Banknifty on the path of Break and make Its a happy short covering since last two days in the BN however a sense of confusion will evade only above the pink box (large). We will take Sell of Call options above this area aggresively and on Monday can witness retracement to test near term support level.
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Axis Bank a path to Weak Resistance and Breakout Axis bank is to face near term weak resistance. It has tested the resistance multiple time and has continued to make higher lows. Now we just need to wait for the stock to exit the hiccup and give a breakout.
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Goldman Sachs ScenariosToday marks the announcement of Goldman Sachs earnings. Some scenarios I could see happening
