BANK Index | Weekly analysis
BANKNIFTY is in a good buy trend in weekly.
Trend reversal is done. Now the market is in re-test, a good opportunity to grab the conservative entry.
Now CMP is 32781.80, once there happens a conservative breakout, go for a buy.
1st target for the weekly structure is at 35364.65
Buy CALL option, strike price 35300 or 35400 and expiry 27 MAY.
As the analysis is in weekly time frame expecting the time taken to reach target 1 is 3 week, so suggesting to buy in May 27 expiry.
NOTE :
1. Buy only after the conservative breakout.
2. People interested in stocks can look for the high weightage bank stocks from the BANKNIFTY factsheet. HDFC BANK is one such stock
Trend reversal is done. Now the market is in re-test, a good opportunity to grab the conservative entry.
Now CMP is 32781.80, once there happens a conservative breakout, go for a buy.
1st target for the weekly structure is at 35364.65
Buy CALL option, strike price 35300 or 35400 and expiry 27 MAY.
As the analysis is in weekly time frame expecting the time taken to reach target 1 is 3 week, so suggesting to buy in May 27 expiry.
NOTE :
1. Buy only after the conservative breakout.
2. People interested in stocks can look for the high weightage bank stocks from the BANKNIFTY factsheet. HDFC BANK is one such stock
註釋
Stop loss 30134.60, this SL is for weekly analysis.註釋
Conservative entry : if a 30M candle breaks above 32538.05, go for a buy交易進行
Trend reversal done at 30M time frame.
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