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LONG POSITION ON SANTANDER S.A. - D1FOR THOSE WHO DO NOT KNOW SANTANDER S.A. IS ONE OF THE MOST IMPORTANT BANKS IN SPAIN. THE STOCK VALUE HAS BEEN DECREASING SINCE MAY 2015 WHEN THE PRICE WAS WORTH 6.80 € A SHARE. NOW SANTADER IS 3.87 € A SHARE AFTER 1 YEAR AND 3 MONTHS APROX. THIS FALL HAS STOPPED NOW. FIRST SIGN OF CHANGE OF DIRECTION WAS THE TRIPLE GROUND SUPPORT LEVEL BELOW. THE MARKET CHANGED DIRECTION AND IT HAS BEEN FORMING A SOLID TRIANGLE PATTERN WHICH HAS BEEN FINALLY BROKEN. I HAVE PUT A BUY LIMIT ORDER AS YOU CAN SEE LOOKING FOR THE RETESTING OF THE TRIANGLE. IF IT HAPPENS WE COULD MANAGE TO DO A VERY NICE ENTRY TOWARDS TO FURTHER RESISTANCE LEVELS FROM THE PAST YEAR AND 3 MONTHS AND LOOK FOR MANY BENEFITS! TELL ME WHAT YOU THINK ON THIS!! CARLOS
BME:SANLong
by ccerezo11
4
#UNICREDIT - NEXT EUROPEAN BANK WITH A BREAKOUTUnicredit is the next European Bank to stage an impressive base breakout. EU Banks are at a turning point, outperforming, and have a lot of catch-up to do. Technicals look great. Unicredit appears to move into a vacuum and I see immediate upside into 2.75/.77 I'm a chart analyst, not a fundamental analyst, but here are a few thoughts what could drive EU Banks outperformance. Fundamentals continue to look awful, however there are a few tailwinds from: - bank CEO acknowledging structural weaknesses (DBK CEO y'day) - serious consolidation talks - FED rate hikes
MIL:UCGLong
by gorillacharts
BankNifty : Lets Buy Some Banks ! Simple Trade setups are the best one's. Instead of getting stuck with some complex trading systems, the simpler the better I believe.Today morning, first I looked at Nifty, didn't feel quite good about it, its completely ranging,so shifted focus on Banks..yea we are gonna buy Banks like Billionare's :).Lets keep funny things aside, here we are looking @ Banknifty and it just broke out of rectangle pattern ( our favorite pattern for past 3 weeks..Love it ! ). So if there is any pullback to check the resistance-turned-support area 19000's, we will be ready to get long in Banknifty. That's the simple setup we are looking at. We can also count elliott waves starting from 18450's, and wave 3 getting completed around 161.8% of Wave 1. Wait friends, nothing rosy as it looks, bcos 161.8% n wave 3 doesn't imply it will return for sure,so that we all can go short. If we have to trade wave 3 to 4, look for other valid bearish confirmations & enter, bcos its possible that banknifty may decide to reverse @ 2.0 or 2.24 fib extensions. If all goes fine and short plan worked, book profits around 19000's (+/- 0.5 %) and initiate long positions around our marked entry zone in Banknifty. We can call it as pullback entry or based on waves or someother technical analysis, all are good n valid. It's myth that one method is better than other. So if we take long positions @ 19000 in banknifty we are aiming around 700pts, only if everything goes as we have analysed. Yeah ! Let's go n Buy some Banks :) Feel free to leave comments to discuss/ Hit Likes if you agree... Happy Trading ! To follow Me on Indian version of Tradingview : in.tradingview.com
NSE:BANKNIFTYLong
by InsiderB
Long term set upThis has all the right indicates set up for a very night bull move. It is coming off the bottom of 12.33 where it recently tested and held very strong with a lot of volume; this time no different, a lot of volume and the same exact price range. The MACD is looking very good as well with a very low entry. I'm about to enter a small position at 12.8 and wait until Monday and see what happens. If this does go higher Monday then we have a very good position on our hands!
BLong
by johnnys212
Bank Nifty Intraweek Scalp LongFirst of all thank you to tradingview for intraday Banknifty charting BankNifty has a history of making very violent corrections when it finds a trendline and right now we have banknifty at a 1 month strong support trendline in a crucial demand zone. In addition the selling from 16k+ levels made the last week the largest volume week of the past few years : economictimes.indiatimes.com I expect it to retrace to at least 16.1. If it breaks above 16.1 then 17k will be tested as final tp - I have mentioned this in my first banknifty idea as well. Indian market is starting to slowly move away from the permabull sentiment however the market is still going to react well even though the cut wasn't what was expected in my opinion. The second scenario is that Banknifty breaks down from the consolidation pattern and markets begin dumping quicker than I expected. 15.85k banknifty and the futidex bnifty can go to 16k
NSE:BANKNIFTY
by RahulAndra
1
Banknifty 3 YR Long Term Consolidation Breakdown ShortHello This is an update from my BANKNIFTY Long call from 13700 and my BANKNIFTY short call which is at a breakeven point. The first scenario I had foreseen was a reversal at this lvl. The second was retrace to 17k and then back down. Now I notice a 3y long pattern of consolidation that has been in development ever since BANKNIFTY rallied from 8k to a 200%+ high of 20k. The banking index is looking weak as India continues to cut rates inorder to increase budget by decreasing payments on debt. In the short term I think that the second possibility of 17k and back down is possible as the price action has been extremely bullish from 13k ranges and shows indications of wanting to test the top of the consolidation triangle at around 16.7k. Best of luck
NSE:BANKNIFTYShort
by RahulAndra
Upside potential for Rusell 2000 Index from Past PerformanceRecovery in U.S. show up slower than expecting, seeing from Jobless Claim report increased to 276,000 against analysis forecast median of 263,250 jobs which is a greater numbers than Feb 2016 report. However the incremental is still below 300,000 which is an acceptable rate. Counting from Jackson Hole Fed's meeting last week statement was given clear of timeline of interest rate increase in year 2017 which will be monitored every quarter and rate holding in Apr to June 2016 sending U.S. dollar index down towards end of statement. This resulting of sending stock market upwards DJIA approaching last height where it went before collapsing last round of trading. NASDAQ index has been booming upwards slope as well leaving where Biotech index laggard. The Russell 2000 Index follows the trend if you look at the graph presenting from year 2000 to year 2016 highest record, at the moment of trading today vs last height giving 16.38% upside for trading area but why Russell 2000 index would recovery better than DJIA or those big caps. It is because the small caps index has more volatility and potential of company growth better than big caps. The company are new to the market seeing high potential of expanding market share and it normally not reacting plunged from market sentiment.
ILong
by ausvin