THE PVT SECTOR BANK
TECHNICAL SIDE STORY
ICICI BANK 695.20
Just to kiss the all time high of 425, now this stock is begin to sustain above the 385 the 78.6% cluster resistence of 240-425.The support for this stock is at 354 which is 38.2% fibo suport of425-240 and then at 310 which is 61.8% fibo support of 425-240.My target above the 425 level is 468-495 and even 540.Daily CCi is atthe extreme levels this indicating the penetrating the 425 mark.Daily RSI is at the extreme overbought region. I feel this is the besttime to book profit in these stock and buy at the above mentioned support areas.
KOTAK MAHINDRA BANK 344.95
STRONG BREAKOUT EXPECTED
This stock is waiting for 347 breakout, to kiss the level of 400.Support lies at 300 in case if it fails to 347 breakout.
YES BANK 99.70
CAN IT STAY ABOVE 100
Resisting at 150 levels.The next crucial resistence is at 158 which is61.8% fibo resistence of 204.8-82. The vital support is 135 which is200dma. If it dont sustain anymore and dosent cross the 158 mark thenit'll restest the 82 mark likely. As you see in the chart in the latepart of 2005 it formed Head n Shoulders and the Neckline was 158. Sonow 158 is the cluster support of 204.8-82. One need to watch out for158 level which is Head and Shoulders neckline price and the Fiboresistence.
TECHNICAL SIDE STORY
ICICI BANK 695.20
672 THE STOP LOSS
After making the all time high of 713, the stock began to trade within the Downward Sloping Channel. My immediate term stop loss is at672.50 and for any mean of further uptrend it need to break the topline of the Downward Sloping Channel, i mean to say the move andsustain above the 700 mark. If it trigger my stop loss of 672 then itcontinues the fall of 713 to steeper level. It'll test the level of 609 and 575 levels. If it triggers the 713 mark then i put my targetat 760 and 815. 200dma is currently placed at 585.
HDFC BANK 988.70
NEARING OF 1000
Just 10 odd rupees to kiss the 4 digit mark. This stock made the superbrally from 620 levels.On firday it made a gap of Rs.7/- the gap areais 970-977. So 970 is the key support and 1000 is the key resistencejust bcoz of 1000 is the psychological barrier. And the 1005 which isthe 138.2% fibo of 898-620.Daily Rsi is at the overbought region. Strong support is at 900-877 levels. Buy this stock at the levels of 900-877.
UTI BANK 410.00
NEARING ALL TIME HIGH
After making the all time high of 713, the stock began to trade within the Downward Sloping Channel. My immediate term stop loss is at672.50 and for any mean of further uptrend it need to break the topline of the Downward Sloping Channel, i mean to say the move andsustain above the 700 mark. If it trigger my stop loss of 672 then itcontinues the fall of 713 to steeper level. It'll test the level of 609 and 575 levels. If it triggers the 713 mark then i put my targetat 760 and 815. 200dma is currently placed at 585.
HDFC BANK 988.70
NEARING OF 1000
Just 10 odd rupees to kiss the 4 digit mark. This stock made the superbrally from 620 levels.On firday it made a gap of Rs.7/- the gap areais 970-977. So 970 is the key support and 1000 is the key resistencejust bcoz of 1000 is the psychological barrier. And the 1005 which isthe 138.2% fibo of 898-620.Daily Rsi is at the overbought region. Strong support is at 900-877 levels. Buy this stock at the levels of 900-877.
UTI BANK 410.00
NEARING ALL TIME HIGH
Just to kiss the all time high of 425, now this stock is begin to sustain above the 385 the 78.6% cluster resistence of 240-425.The support for this stock is at 354 which is 38.2% fibo suport of425-240 and then at 310 which is 61.8% fibo support of 425-240.My target above the 425 level is 468-495 and even 540.Daily CCi is atthe extreme levels this indicating the penetrating the 425 mark.Daily RSI is at the extreme overbought region. I feel this is the besttime to book profit in these stock and buy at the above mentioned support areas.
KOTAK MAHINDRA BANK 344.95
STRONG BREAKOUT EXPECTED
This stock is waiting for 347 breakout, to kiss the level of 400.Support lies at 300 in case if it fails to 347 breakout.
YES BANK 99.70
CAN IT STAY ABOVE 100
Now this stock is struggling to croos the 78.6% fibo resistence at 100.In the last 5 to 6 trading session it made the 99 as the strong base tokiss the all time high of 109, if it penetrates 99 then it'll test the93 which is 61.8% fibo support of 67-109.To maintain this rally it need to stay above 93. If 93 takes off then it'll retrace the rally from the low of 67 and it'll kiss 83 mark. 83 believed to be the strong support for this stock, 200dma is at 86, 100 dmaa is at 85and83 is the 61.8% from 109-67. Daily BB is indicating further upside is still there. Weekly CCi is at Extreme levels, MACD is giving BUY signal, but Momentum indicator is somewhat losing it. Above 109 my targets are 119-125-130-135.
ING VYSYA BANK 141.35
158 THE KEY TO THIS STOCK...
158 THE KEY TO THIS STOCK...
Resisting at 150 levels.The next crucial resistence is at 158 which is61.8% fibo resistence of 204.8-82. The vital support is 135 which is200dma. If it dont sustain anymore and dosent cross the 158 mark thenit'll restest the 82 mark likely. As you see in the chart in the latepart of 2005 it formed Head n Shoulders and the Neckline was 158. Sonow 158 is the cluster support of 204.8-82. One need to watch out for158 level which is Head and Shoulders neckline price and the Fiboresistence.
posted by Naveen Pantera at 4:53 PM
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