◉ Nifty Finance Sector Outlook 
CNXFINANCE
● The finance sector is exhibiting a bullish trend, with the Nifty Financial Services Index gaining over 5% in the past week.
● The index is currently moving within a rising parallel channel, having rebounded strongly from its trendline support.
● It is now approaching a key resistance zone, and a decisive breakout above this level could signal further upward momentum.
● For the uptrend to sustain, the index must breach and hold above this resistance.
Here’s a look at some promising stocks from the sector that could see potential upside:
◉ ICICI Bank
ICICIBANK
● The stock has mirrored the index's pattern, displaying strong bullish momentum.
● It is currently trading just below its all-time high, with the potential to break through and set new records.
● Increasing trading volumes further reinforce the bullish sentiment, indicating strong buyer interest.
◉ Kotak Mahindra Bank
KOTAKBANK
● After a prolonged consolidation phase, the stock has broken out of a downward-trending parallel channel.
● This breakout positions the stock for further upside movement, marking a potential shift in its trend.
◉ Bajaj Finance
BAJFINANCE
● The stock has been in an extended consolidation phase, forming an Ascending Triangle pattern.
● Following a successful breakout from this pattern, the stock has shown resilience and is now poised for an upward move.
CNXFINANCE ● The finance sector is exhibiting a bullish trend, with the Nifty Financial Services Index gaining over 5% in the past week.
● The index is currently moving within a rising parallel channel, having rebounded strongly from its trendline support.
● It is now approaching a key resistance zone, and a decisive breakout above this level could signal further upward momentum.
● For the uptrend to sustain, the index must breach and hold above this resistance.
Here’s a look at some promising stocks from the sector that could see potential upside:
◉ ICICI Bank
ICICIBANK ● The stock has mirrored the index's pattern, displaying strong bullish momentum.
● It is currently trading just below its all-time high, with the potential to break through and set new records.
● Increasing trading volumes further reinforce the bullish sentiment, indicating strong buyer interest.
◉ Kotak Mahindra Bank
KOTAKBANK ● After a prolonged consolidation phase, the stock has broken out of a downward-trending parallel channel.
● This breakout positions the stock for further upside movement, marking a potential shift in its trend.
◉ Bajaj Finance
BAJFINANCE ● The stock has been in an extended consolidation phase, forming an Ascending Triangle pattern.
● Following a successful breakout from this pattern, the stock has shown resilience and is now poised for an upward move.
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🌐 goodluckcapital.com
🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.