PRIVATE BANK Sector Analysis - K Karthik Raja Rupeedesk Share Market Training Chennai - 01.03.2025
PRIVATE BANK Sector Analysis - K Karthik Raja Rupeedesk Share Market Training Chennai - 01.03.2025
PRIVATE BANK Sector Analysis - K Karthik Raja Rupeedesk Share Market Training Chennai - 01.03.2025
NIFPVTBANK Analysis
By K Karthik Raja
Key Factors Affecting & Reasons:
* Banking sector experiencing mild correction.
* Global interest rate policies influencing financial stocks.
* Institutional activity and quarterly earnings impacting price action.
Key Watch:
* Support Levels: 23,500-24,000 range.
* Resistance Levels: 25,000+ needed for bullish confirmation.
* Moving Averages: Price near 50-day MA but above key MAs (150, 200, 390) – trend intact.
Volume Analysis:
* Moderate volume, no major signs of panic selling.
* Watching for volume confirmation on direction.
Chart Analysis & Observations:
* RSI (44.28): Neutral zone, no overbought or oversold conditions.
* MACD: Bearish crossover, slight downside risk.
* ADX (17.91): Weak trend strength, range-bound movement likely.
Stocks to Watch:
* Stocks outperforming sector trends with strong fundamentals.
* Monitoring for buying opportunities near key supports.
Market Insights: Short-term & Long-term View
* Short-term: Consolidation with possible downside if support breaks.
* Long-term: Bullish trend remains unless 200-day MA is breached.
Disclaimer: Informational purposes only, not financial advice. Do your own research.
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