PSU Banks have been the undisputed leader of the upmove from April 2025 lows.
They have led every move up and made new highs while most of the market stayed range bound.
No reason for them to not do it again, as we are close to a short term bottom if not a positional bottom in indices.
Look for 15-20% moves in stocks in case of a short term bottom and a 60-80% move in case of a positional one.
Only market will tell which one is it.
PS: Not necessary that bottom in PSU Banks is done, there's scope of 3-5% more correction, but then why look to time the bottom when 15-20% move is incoming :)
A few stocks looking good:
BOI
Union Bank
SBIN:
CanBk
Indian Bank
They have led every move up and made new highs while most of the market stayed range bound.
No reason for them to not do it again, as we are close to a short term bottom if not a positional bottom in indices.
Look for 15-20% moves in stocks in case of a short term bottom and a 60-80% move in case of a positional one.
Only market will tell which one is it.
PS: Not necessary that bottom in PSU Banks is done, there's scope of 3-5% more correction, but then why look to time the bottom when 15-20% move is incoming :)
A few stocks looking good:
BOI
Union Bank
SBIN:
CanBk
Indian Bank
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.