BANK
HSBC Triple Bottom Dating back to 1996 $XLF $HSBC $Bank $JPM
Why HSBC?
HSBC Triple Bottom Dating back to 1996, they got a lot of cash on their books too so fundamentally, they are worth around $26/share.
although they had shady practices n the past, if you want to pick a bank for long term investing, this is good value overall.
Entry $23 area
stoploss $20.90
1st target $24.4
2nd target $26
3rd target $32
What is Hsbc?
HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products, such as current and savings accounts, mortgages and personal loans, credit cards, debit cards, and domestic and international payment services, as well as wealth management services, including insurance and investment products, global asset management services, and financial planning services.
NZDJPY Short in the coming daysAs you can see, we broke a resistance zone that was holding price in for weeks. We saw a stop loss hunt of sellers who shorted at the resistance zone . We might see price either retest the resistance zone and continue it's way to the upside or we might see price just dropping below, and taking out potential buyers that will enter the market at the previous Resistance, now Support zone . Let's see how price moves now. We could enter a trade right now and wait for price to drop , and either coming back up, or breaking below and taking out buyers that will enter the market.
India Bank Nifty is again at support zone 19000 to 19300.. India Bank Nifty is again at support zone 19000 to 19300.. As per elliot wave analysis 22400 is still possible as long 18950 is held.. I would be making more at this level and keep strict stop loss at 18950 and will be sitting tight till 22200 to 22300 ..Wave B target of 22400 at a minimum retracement of 38.2 .. This trade is highly risky keep stop loss strict at 18900... reward 10 to 15% return on Bank Nifty
No chance of reversal below 18900... ur capital will be lost.. so have 1% percent strict loss to get ready for next trade .It is elliot wave B.
BANKNIFTY current Technical Update FII & DII invest 19056 corerBANK Nifty TA Update:
I am also bullish in Bank nifty because of Today FII & DII buying data........ Huge buy.....Last 30 days FIIs daily 1000 cr selling
so keep an eye guys
BANK Nifty Now 19490 Point.
This is Rtest Level after breakdown The support.
So I can expect Next down leg soon but Guys if we breakout 19700 level I can expect 500-800 point upward side.
Support: 19048/18200
Resistance : 19750/20300
if any candle close above 19750 level then this bearish chart exit and I will close my Trade and I will open Call.
so keep an eye on chart.
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