A LOVV STORY: of 10 Public Sector Banks

In this Nifty correction,PSU BANKS has break breaking its LOVVs(LOWS). This week most of them broke their 52 week low and Many of them are close to their LIFETIME LOWS.
Not saying that they are gonan hit their lows, just an birds eye view of whats going on in their lives
Here are 9 of them Sharing the same LOW-STORY

UNION BANK OF INDIA-->
This week it broke its 10 year low. now heading towards the lifetime low.
snapshot

ANDHRA BANK-->
This week it broke its 2 year low. Now heading towards the lifetime low
snapshot

CANARA BANK-->
This week it broke its 52 week low. Now heading towards 2 year low-Which is close to its lifetime low
snapshot

BANK OF INDIA -->
This week it broke its 52W low last week. Now its heading towards the Lifetime Low,
snapshot

ORIENTAL BANK OF COMMERCE -->
Two years ago it made its Lifetime low, now heading back towards it, after breaking its 52 week low couple of weeks ago.
snapshot

SYNDICATE BANK-->
This week it broke its 2 year low. Heading towards 9 year lows, whichi is close to its life time low.
snapshot

Allahbad Bank -->
Its right on the Two year low. Heading towards lifetime low thats not too far.
snapshot

PUNJAB NATIONAL BANK-->
Broke its one year low. Heading twowards 2 year low, which is very close to its Lifetime low
snapshot

BANK OF BARODA,--->
Sitting on the edge of the lifetime-trendline, CLosest low is a Two year low.
snapshot


BANKINDIAcasestudySupport and Resistance

Disclaimer