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manavtechresearch
Sep 4, 2018 7:05 AM

ASCENDING CHANNEL ON HOURLY CHART IN PSU BANK INDEX Long

Nifty PSU Bank IndexNSE

Description

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

Comment

CHANNEL BROKEN IF CLOSES BELOW THE TRENDLINE IN 30 MINS SHORTS WILL BE ACTIVE

Comment

trades failed but psu index levels were reached
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