Nifty PSU Bank Index gave a trendline breakout on the log chart today. It is possibly heading towards 2650. A closing above 2650 would activate inverted head and shoulder targets of 3345 and 4245 respectively (Where weekly resistance zones exist).
weekly chart of nifty psubank formed inverted head and shoulder pattern wait for break out for all time time in banknifty
psu bank pakad ke baith jao, koi kuch bhi bole mat suno, sabhi psu bank ke neeche jake volume dekho. price bina matlab k badh sakta hai , volume nahi
//PSU Bank Index// Why does it look like a time correction going forward? Reasons: 1. Despite taking support at 38.2% retracement of the current swing, it's over 3 weeks, the index did not revert and resumed northwards. 2. 38.2% retracement is considered as a fast retracement in a climax move like this one. If the move has true energy, prices do not stay at...
PSU Bank is the pack where bulls have more punches to go. Broke the long term consolidation and despite the raging upmove, bulls still stand a chance. Another 20% on the upside is in order. Current index is around 1830. New Base is 1550. Stay focused in this space with selective picks for gains.
PSU Banks... Nothing to invest... just to trade... if having capability handle volatility in it...
PSU Bank if held above 1400 this month, looks goot to enter. Above the blue line the confidence increases. Red Line is SL. Disc: Not a SEBI Registered. I post charts for my own study.
Nifty PSU Bank weekly chart is showing strongly upside movement. Chart has been breakout from Flag pattern and will be go upto@2130. so buy psu bank shares
NIFTY PSU BANK HAS GIVEN A FLAG BREAKOUT STOCK LIKE SBIN , PNB AND BANK OF BARODA CAN RALLY HIGHER
NSE:CNXPSUBANK is currently in a range. Levels for reference.
NSE:CNXPSUBANK entered into the supply zone with a positive bias. Longs can hedge with call short.
Weekly PSU bank at support expecting 1800 plus levels soon. May be people lose trust in private banks ???