📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Rising Channel
📌 Symbol/Asset: Bank Of Baroda
🔍 Description: The PSU Bank sector is on fire, Bank Of Baroda is on Linear scale support, in case of bounce back it can touch 220 to 258 levels.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Psubanks
Why one should add longs/invest in banknifty!!The banknifty has exited its rectangle channel pattern at the end of a volatile week.
After today's amazing run, especially in PSUs, one might add long by keeping the SL of 42800 in the Banknifty.
A strong surge is expected in the next few days because all the good and large banks are supporting this movement.
Bankbees can be purchased to ride the rally🚀. (Recommended)
One can choose to go with options and futures as well, but the risk is also very big there, so one needs to prioritise safety first.
Don't forget to follow;)
Follow for your learnings✌️
SBIN - Bullish Price Action Analysis NSE:SBIN has already activated Harmonic PRZ 1.272 level in weekly timeframe of the target price 583.
BUY:
if price sustains above 520-522.
SELL:
if it not sustains above 520. you may get some profit booking up to 475.
Chances are more in favor of buyers to make new All time high so do accordingly.
BANK OF BARODAHello and a warm welcome to this analysis
Triangles are a prominent feature in wave 4 (Elliott Wave Theory). Price remains within a narrow range with lower volume for a very long stretched time as the preceeding Wave 3 has had a tremendous run resulting in cooling down in trend for sometime.
In this weekly time frame a triangle in wave 4 is coming to an end. Post that stock could resume its rally towards 110-120. View would negate below 70
CANARA BANK :: BULLISHDATE: 23/5/2021
INSTRUMENT: CANARA BANK
TREND: BUY
TIME FRAME: 3 HRS
CMP: 153.05
BUY ABOVE: 153.50
STOP LOSS:
TGT 01: 157.55
TGT 02: 168.55
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.