Bullish BANK INDEX

17 במאי 2021

A double bottom has formed and neckline is also broken, being an aggressive entry the target can go up to 34492. There can be a re-test tomorrow.

The next target can go up to 36400.

SBI results on 21 May'21, Can expect a rally if the result is positive.

18 במאי 2021

הערה

34000 reached,
if market closed above 34200 today, the next target can expect is 36400.
Wait for the SBI result on 21 May'21

20 במאי 2021

הערה

The market came for a re-test after the double bottom neckline break, now 30M candle must close above 33900 for a rally.

SBI Q4 results tomorrow, good results good move expected, in addition metal stocks such as JSW steel and HINDALCO results as well.

Watch BN with popcorn tomorrow..

22 במאי 2021

הערה

expected Double bottom target is done.
Next can expect a rally up to 36400.

the SBI result was good, the heavyweight scripts of BN such as HDFC, ICICI, AXIS, SBI & IndusInd bank are good in structure for good rally for few days except KOTAK, hoping for a big move till 36400 before the expiry.