PSU BANKING INDEX WEEKLY CHART GANN ANALYSIS
PSU Banking Index important level to be watched as per our system would be 7144.45. The election results week saw a nearly 50% swing and the weekly low was a good opportunity to bu in it. We have hit the high of 7569.25 nearly 20 points above the price cycle level. Thereafter we are seeing a 4 weeks consolidating below it. 25 July 2024 is the pressure date for Indices. Have a cautious approach with strict stop loss in the next few weeks coming hereafter.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
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