We have already discussed banking stocks in 2023 where I shared the future of banking sector and top 4 stocks you can choose in 2023. Today I am going to share with you about the banking sector analysis in this weekly. This is basically weekly update on banking sector. Even I will share the top most banking stocks you can buy this week for value investing as well as trading.
This week banking sector has the highest opportunities to grow. first we will analysis the banking sector and we will see why we should choose banking sector, next we will talk about top most banking stocks and the reason to buy this banking stocks.
Banking Sector analysis:
First we will see this week banking sector analysis and we will analyze why we should choose banking sector this week.
Let’s see the graph first and then we will analyze the banking sector:
We will see first monthly chart, then weekly chart and then the daily chart as per GFS rule. We have already discussed GFS rule, you can check here.
- In monthly chart RSI take 60 as resistance. If it breaks, It will be strong bullish trend.
- In weekly chart RSI goes 40 then take a V shape in upper trend
- As we can see there is a volatility divergence in daily chart and RSI is more than 40 and it goes upward. It’s a strong signal of bullish.
For these reason we can take banking sector as a growing sector in 2023.
Top Most Banking Stocks Analysis:
As we saw banking sector has the highest probability, we should also know what banking stocks will be grown this week. Here I will share the top most banking stocks you can choose in this week.
[articleAdToAppear]
First stock that I will discuss is PNB
PNB:
Let’s understand why we choose PNB in this week as one of the best banking stocks.
Let’s analyze the graph
- In weekly chart we can see the graph takes magic band support and consolidation.
- In the daily chart we can see RSI turns at 40 to uptrend and there is a green candle in the graph.
These are the reason PNB is good for value investing. You should buy PNB stocks.
Next banking stock I will discuss is Canara Bank:
Canara Bank:
Let’s understand why we choose Canara Bank in this week as one of the best banking stocks.
Let’s analyze the graph
- In weekly chart we can see the graph takes magic band support and consolidation.
- In the daily chart we can see RSI turns at 40 to uptrend. This is strong bullish signal.
These are the reasons you should buy Canara Bank stocks.
Bank Of Baroda:
Bank of Baroda is my strongest recommendation in this week. Let’s understand why we choose Bank of Baroda in this week as one of the best banking stocks.
Let’s analyze the graph
- In weekly chart we can see V shape in RSI that means it is going to uptrend.
- In the daily chart we can see RSI turns at 40 to uptrend. This is strong bullish signal. We can also see that volume is going very high suddenly. So that we understand the big fish already took entry in Bank of Baroda.
These are the reasons you should buy Bank of Baroda Bank stocks.
If you wanna know more banking stocks that will grow in 2023, then you can read our banking sector analysis in 2023.
If you a value investor and wants to learn about banking sector, then must check banking sector and value investing by Investopedia
Hope you understand very well why you need to choose Banking Sector this week. Also remember these banking stocks that will go up this week. Remember, knowledge is nothing without implementation. So implement and analyze market always so that you can maximize your profit from the market. It’s time to buy right stocks.
For more queries just book my free consultancy and make your profit double with my consultancy. Thank you and share this one with every traders and investors so that they can make profit with these banking stocks.
Frequently Asked Questions:
Q) Is bank stock a good investment?
Banking stocks has huge potential to grow in 2023. You can see our analysis on banking stocks so that you can pick any of stocks that can double your ROI.
Q) Top 3 banking stocks in 2023.
My recommendation is always – Bank of Baroda, PNB, Canara Bank
[multiplexAdToAppear]