Tomorrow banknifty levels Today we see Banknifty in range . For us tommorow view was very clear by following today's chart . Buy banknifty only above the level we give to you bcz these level was major resistance in banknifty
Buy banknifty above 40688
Target 40754 40836 40947
Sl 40515...if market open with gap up then buy it according to our level and if it open above our level thn 41040 41243 41383
Sell bank nifty below 40517
Target 40427 40304 40151
Sl 40685
BANK
Bank of America Corp.: the instrument trades sidewaysNYSE:BAC
Current trend
The shares of Bank of America Corp., one of the US's largest banks and analytical agencies, are moving sideways around 33.00.
The downward dynamics of the asset are developing against the backdrop of investor pessimism regarding the recent Q2 report, which was one of the worst for the company: net profit fell by 33% and amounted to 6.2B dollars compared to 9.2B dollars a year earlier, EPS is at the level 0.73 dollars, well below 1.03 dollars a year earlier, while the corporation's revenue reached 22.69B dollars, down from 23.23B dollars a quarter earlier. The main disappointment for traders was that the division responsible for capital markets investments suffered a loss of 5.0%, which reduced revenue to 4.5B dollars. The new report, published on October 17, is expected to increase revenue to 23.51B dollars, while EPS could increase to 0.8011 dollars.
The next dividend payout is scheduled for September 30, and shareholders will receive 0.22 dollars per share, reflecting an average quarterly return of 2.66% per annum.
Support and resistance
n the global chart, the price has left the downwards channel and is preparing to continue its local growth. Technical indicators maintain a buy signal: Alligator's EMA oscillation range expands, fast EMAs are above the signal line, and the AO oscillator histogram trades in the positive zone, forming downward bars.
Resistance levels: 33.85, 37.34.
Support levels: 32.40, 30.00.
Trading tips
Long positions may be opened after the price rises and consolidates above 33.85 with the target at 37.34 and stop loss 32.00. Implementation period: 7 days or more.
Short positions may be opened after the price drops and consolidates below 32.40 with the target at 30.00. Stop loss — 33.00.
***All indicator readings and price values are historical data. Past price behavior is not a reliable indicator of future performance.
HDFC BANK LONG TERM ELLIOT WAVE ANALYSISHDFC bank is one of the largest private sector and biggest bank of INDIA and WORLD'S 10 th largest according to market capitalization .
HDFC bank is among top nifty 50 index stocks and one of the largest bank in bank nifty index with 28% weightage . According to ELLIOT WAVE ANALYSIS it has completed one big cycle and moving towards third wave which is considerd biggest waves among ELLIOT 'S 5 WAVES . Price has taken support near 1250 which was earlier a strong support zone.
Weekly candle has also broken channel and looking bullish .It is the best stock to consider for long term investment .
Trading Idea - #DeutscheBankMy trading idea for Deutsche Bank - Sell / SHORT
Target: EUR 5.80
Deutsche Bank with a mixed outlook for the year.
Although DB performed well in investment banking, earnings were lower than in the second quarter of last year due to higher costs.
The sell target is based on last year's support levels.
Banknifty important levels #banknifty
15.min tf......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
$SOFI heavy insider buying from CEOI think Anthony Noto is looking at the weekly chart too.
Seeing a bullish cross on the MACD. RSI is extremely oversold and looks to have bottomed out. And SOFI looks like it's battling with the upper bound of this parallel channel.
Once it fights through it and closes above it, it should easily hit $7.70.
The sweet spot for the majority of people to get out from being underwater is right around the VWAP and what I would consider the next big target, $13.94. (Circled)
USDJPY: BULLISH ASCENDING 🔺BIAS: BULLISH 🔺
TECHNICAL PROJECTION: BULLISH 🔺
We have a bullish bias that price will rise to 137.
Once there is upside confirmation, bullish momentum is expected to carry to 141 target.
AREAS OF INTEREST:
H4 time frame, break of resistance at 137
H4 time frame, support at 134.225 - attempting to catch the bullish "E" wave
FUNDAMENTAL PROJECTION: JPY WEAK
B.O.J remains on its dovish path as the central bank has:
Kept all policy settings unchanged at their June meeting & stated that rates will stay low for the foreseeable future and won’t hesitate to add stimulus if the economy needs it.
The next central bank meeting will be on 21 July 2022 - which may be forced to change its economic outlook to a more hawkish stance.. but only time will tell!
#BANKNIFTY - A Clear AspectsSo banknifty has moved 90degree straight which I dont think stays as a ladder is only a ladder when slanted and faced a wall, if you remove the wall, it falls, so here is something similar here, 90 degree momentum doesnt stays well. 33964 to 34140 range if it stays sideways we can expect a more good fall down, but eventually if it opens flat it can race towars 34140 and then retrace and then move, on piror upmove profit booking can arise if opended gapup upto 34505 as well. Eitherways one need to be resilient when trading. May test 33295 if slids below 33736
EURAUD: BULLISH EXPANDING 🔺 BIAS: BULLISH 🔺
TECHNICAL PROJECTION: BULLISH 🔺
We have a H4 breakout bullish confirmation, bullish momentum is expected to carry to 1.556 target.
AREAS OF INTEREST:
H4 time frame, bullish breakout confirmed- will be attempting to join in the "E wave" by break & retest method.
FUNDAMENTAL PROJECTION:
AUD is weak and will become weaker as it gets weighed down by lower commodity prices. The markets await the upcoming rate decision where there is a possible chance from 25 bps to 50bps on 5th July, which may bring strength to AUD... but until then we will be playing AUD weakness!
EUR:
As ECB President Lagarde indicated, the ECB would be looking to the CPI data as a guidance to their interest rate decision. A higher than expected CPI data which was revealed on Friday (8.6% Previous: 8.1%) could spur the ECB into a more aggressive policy adjustment which will strengthen EURO.