Bank Nifty some stock to probably high chance to get Up in next few weeks, keep eyes on this stock.
Lest talk about the stock name is HDFC bank Ltd
If you see in the chart then you will find a range between 928 to 936 and both side no SL hunting was done by market. Lets talk about support and resistance the support level is 928 and below and the ,other side resistance is 935 above. If the price break the support level and grab the SL and forming a bullish .candle then here is a good entry point and the SL is below the candle and the target is 1.2 and if the price up and grave the SL in the resistance level and forming a bearish candle then your entry is after that forming a bearish candle and the next candle and your SL is above the bearish candle.
The second candle is ICICI Bank Ltd
Currently ICICI trading at 1345 above in near by major resistance, and 200 EMA resistance near by also at this level of 1350 there is a huge liquidity pending. If the price break this resistance level and retest the level then buy. And if the price trading at lower in the level of 1330 and taking a support in this level then wait for a bullish ,candle, if the price retest again at this support level then wait for candle. If you see ,bullish candle then buy to next candle and your SL is below the bullish candle low.
Third Stock is SBIN (State Bank Of India)
The stock trying to retest the major support level, because market many time rejection from the 1020 level, and the stock currently ,trading at 1025.
Lets see the Major support and Resistance level
The major support level is 1020 to 1010, and the resistance level is 1042 and 1032 there is a huge pending liquidity in upper side and also 1020 to 1010 huge pending liquidity in the support level
If the price falling and taking a support and forming a bullish candle or bullish trend then buy after break and retest the support and your target is upper side pending liquidity. And the SL should be the last previous candle Low.
Axis Bank Ltd.
After the budget Axis bank was gap up, currently the price range between 1335 to 1345 in the bottom side a huge pending liquidity. The support and resistance level, the support level is 135 and the other side resistance level is 145. If the price break support level then don’t sell wait for a confirmation. And the SL should be the last previous candle Low.
The ICICI Bank Ltd
This stock price consolidate between 1410 to 1420. The major support and resistance is also 1410 and the other side resistance is 1420 both side price didn’t grave the liquidity. Price trying to grave first resistance liquidity but didn’t, if the price break the resistance level and retest the level 1420 and forming a bullish candle then buy with a small quantity. And other side if the price break the support level and retest the the support level and support become a resistance level the sell also small quantity. And if the price support become a support level then wait for a candle confirmation in the support level then buy other wise wait. And the SL should be the last previous candle Low.
The Bandhan bank Ltd.
The Bandhan bank last Friday closing in the major support level, the support and resistance level is 164 near by and the other side of resistance level is 170 near by. Both side price didn’t grave the liquidity, price trying to grave first support level liquidity. But price didn’t break.
If the price break the support level don’t trade early waiting for the confirmation for buying side and if the price cross the resistance level wait for a sell confirmation other wise don’t trade so early. And the SL should be the last previous candle Low.
The Kotak bank ltd
The price currently trading at 420 above and the price range between the level of 418 and 425. And the support and resistance is 420 and the other side resistance is 425, price consolidate between this range. Price trying to break the support level because in this level most of pending liquidity have. If the price break this level of support then wait for a confirmation for long side, and the other side if the price didn’t break the support level and price trying to break resistance level then here is also wait for double confirmation, if price break resistance and after that price again retest as a resistance then sell, second is if the price break and forming a bearish candle and the second candle closing previous candle high then sell, other wise wait. And the SL should be the last previous candle Low.
The PNB Bank
The price currently trading at 118 nearby. The major support and resistance is 118 near by at the support level and the other side resistance is 120 above here is huge pending liquidity in the support zone price many time rejection at this support level of 118 near by. And price also trying to get grave pending liquidity in the support level. if the price break the support level and volume is low then don’t go for a short trade, if the the price break the support level and forming a bullish sign then buy but small quantity, and if the price break the resistance level and forming a bearish candle then sell. And if the price didn’t forming a bullish aur bearish candle then wait for a retest level, if the price break resistance and retest the resistance level then sell and the other side if the price retest again the support level and if you see the bullish candle then buy and your SL should be the last previous candle. And if the price didn’t any confirmation then don’t trade. Other wise you loss the capital
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