Is the psu banking stocks ready for a major rally in the coming days ? PSU INDEX has broken out of its long term bearish trend line and has also retested its trendline supports , showing there is a possible change in the trend , overall it is buy on every dip in this sector with stocks like SBIN < CANARA BANK < BANK OF BARODA and many others towards targets of all...
Look at the support, resistance and trendline See how nicely it took support and resistance, for entry look at daily chart
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...
Pls refer chart
PNb LOOKS scary unless close above levels mentioned , already deep red a DCB can definitely take place but overall a scary picture , hopefully not but !!!!
ALBK is bearish engulfing and with higher than usual volumes. and Fresh Short positions initiated. SELL Alahabad Bank (ALBK) at 43.90 with Stop-loss on closing basis above 46.90 and Target 1 at 40.5 and Target 2 at 35.45
IDBI surged in trade today with PSU Banks re-bouncing, IDBI seems to be a better option. 5.4% today on NSE with close to 3.5 times its average volumes which signifies returning interest in IDBI. Well above Ichimoku IDBI stands on my BUY list in CASH Market only above 74.4 with Stop Loss of 72.25 and Target 1 of 76.50, Target 2 of 78.70 and Target 3 of...