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ASCENDING CHANNEL ON HOURLY CHART IN PSU BANK INDEX

NSE:CNXPSUBANK   NIFTY PSU BANK
THIS HOURLY CHART PANEL SHOWS CRUCIAL POINTS
THIS MEANS THAT THE INDEX HAS ACTUALLY TRADING IN A
RANGE WHICH IS VISIBLE IN STOCKS LIKE:-
SBIN, CANBK ,BOB,BOI
IF YOU WATCH INDIVIDUAL CHARTS MKT MOVES FROM BOTTOM TO TOP AND SO FOURTH BUT CREATING GRADUALLY(HIGHER HIGH AND HIGHER LOWS)
TRENDLINE BREAK WILL TEST 3190-50
UPSIDE THERE IS CHANCE OF TEST 3350
BUY CANBK @278.5
STOP@273.85
TARGET@288
LOT:2000
QTY:1
BUY SBI @306
STOP@304.15
TARGET@311.5
LOT:3000
QTY:1
Sep 04
Comment: CHANNEL BROKEN IF CLOSES BELOW THE TRENDLINE IN 30 MINS SHORTS WILL BE ACTIVE
Sep 04
Comment: trades failed but psu index levels were reached

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