Sanjan91

PSU BANK INDEX GAVE A SUCCESSFUL PULLBACK AFTER THE BREAKOUT

Long
NSE:CNXPSUBANK   NIFTY PSU BANK
The highs made in Feb 2021 and Jun 2021 were broken. They formed a strong supply zone , which was broken and has been tested successfully with today's bounce.

Tomorrow being an expiry day, we couldn't see much action or may see consolidation but a rally could be expected in the second half-session tomorrow and may continue on Friday too.

We shall try to analyze some of the PSU bank stocks for breakouts.

Happy trading :)

This is just for educational purposes.