vipulmehta817

NIFTYPSUBANK Exhibiting Inverted Head & Shoulders

Long
NSE:CNXPSUBANK   NIFTY PSU BANK
NIFTYPSUBANK Index is exhibiting inverted Head and Shoulders pattern on the weekly chart, with the price just about touching the neckline of the pattern. A measured move target would mean price going toward old time support/resistance line of 4000 on the index. We are bullish on the Nifty PSU Bank index with the price target as mentioned.