PSU Banks were in headlines and got hammered, however it seems that all bad news have been discounted as prices are forming triple bottom/Rectangle reversal patterns. These simple pattern are easy to trade for short term keeping the target of upper boundary. It offers an opportunity of 8-10% capital appreciation. It is also called Reversed Three Buddha candlestick pattern. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade closed: target reached
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Rewarded more than 10% as expected in short duration. :)