Nifty PSU is at important levels. Tomorrow opening of this sector is important to note whether Nifty PSU will give breakout or spend more time in range / consolidation .
NSE:CNXPSUBANK Multi Year Breakout and Retest. Looking ready to resume the Rally in a 3rd Wave of Bull Market.
Weak below 4175 for 3450-3300 . View will be tuned bullish if price gives close abv 20 SMA and slope of SMA turned to the upside. Expected time frame by March end. Disc : It's not an investment advise to buy or sell. Pls do your research
S.no Sector Remarks 1 Nifty Closed at 18105 up by 300points, last week’s low of 17780 was breached by only 5 points and then market reversed. All the sector’s participated in reversal except pharma. Weekly & monthly Tf is still not bullish but daily TF is showing signs of reversal. Now this index should not close below 18000 else next leg of downward rally will be...
Collect indian bank till 130, target1- 195, target 2- 270, views are for 6 months to 1 year.
Only index seems to be in positive territory of the lot... Buy near the Green level if u get... Else breakdown levels is also mentioned. Like... Share... Follow ( to stay tuned to updates)
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...
BUY BANK OF BARODA AT CMP OR SAFE ENTRY ABOVE 88 (BREAKOUT) SL BELOW 77 ON DAILY CLOSING BASIS TARGETS 95, 100 Disclaimer: All Charts are for educational purpose. Please consult your financial advisor before investing.
NSE:SBIN ******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
At a lower level of the trendline. If the market supports we can expect a bounce from this level. Let's watch
Once it gets out of the correction Zone, fun begins. Till then... Stay away
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.
Since the NiftyPSU is on an uptrend, looking at the waves indicates that it will be a smart buying as wave 5 has just begun. Below are expected resistance levels 1st Resistance level at 2497 2nd Resistance level at 2667 3rd Resistance level at 2741 (Breakout level) It can provide a target of 3067.
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