NIFTY PVT BANKs looking good to accumulateNifty pvt bank index looking good, we can start accumulating the leaders, #HDFCbank will be first choice.
NIFTYPVTBANK
NIFTY PVT BANKTriangle Pattern
Expecting breakout and retest on the marked level
Top 5 constituents by weightage
HDFC Bank Ltd. 26.28
ICICI Bank Ltd. 22.59
Kotak Mahindra Bank Ltd. 12.94
Axis Bank Ltd. 12.93
IndusInd Bank Ltd. 10.86
Individual pattern also forming in
Bandhan Bank Ltd. 3.96
**Educational view
RBL Bank - Breakdown or will bounce ?NSE:RBLBANK has currently been rejected at the supplyzone.
However, one may short aggressively on the break of uptrend channel.
Kotak Mahindra Bank - Bounce or breakdown ?NSE:KOTAKBANK will it bounce from the trend line support or breakdown.
keep track of this script.
Indusind Bank - Bull Flag in a Bear FlagNSE:INDUSINDBK may give a bullish breakout but is currently in a supply zone.
So no aggressive longs suggested.
Axis Bank in Congestion ZoneNSE:AXISBANK a breakout from the conjestion zone, will take it out of the downtrend channel & put it in the uptrend channel
