Bank Nifty situation is little critical, take a look
Hello Guys,
1) With multiple issues popping on like DHFL 2) no much actions taken after IL & FS 3) more conversions from Debt to Equity like SBI's JetAirways deal 4) Farmers loan waivers
Considering these points, PSU's Banks situation is not good so it will look correction.
Plotted a H& S targeting to H&S neckline, we can review after the Neckline break.
Trade on break of trendline :) Good luck with your trades.
1) With multiple issues popping on like DHFL 2) no much actions taken after IL & FS 3) more conversions from Debt to Equity like SBI's JetAirways deal 4) Farmers loan waivers
Considering these points, PSU's Banks situation is not good so it will look correction.
Plotted a H& S targeting to H&S neckline, we can review after the Neckline break.
Trade on break of trendline :) Good luck with your trades.
Trade active:
Trendline break. Trade Active.
Country was boiling on the Pulwama attack which killed 40 soldiers.
The retaliation attack by IAF happened today (on 26-Feb), attack was performed deep inside the Pakistan territory shows a pressure relief for the government, adds golden feather to the cap. This was not done in last 18 years atleast.
So If Pakistan attacks back, it is a fear, so we can reach our target soon. If not we will hit SL. :)