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watch nifty psu bank stocks in next few years. Watchlist -Bank of Baroda -Bank of India -Bank of Mah -Canara Bank -Central Bank -Indian Bank -IOB -JK Bank -Punjab & Sind -PNB -SBI -UCO Bank -Union Bank Warning:-Please note that I'm not a financial advisor, and investing in the stock market involves risks. It's important to do thorough research or consult with a...
PSU banks breaking out Indian Overseas Bank was founded in 1937 by Chidambaram Chettyar. It was one of the 14 major banks that were nationalized in 1969.
Strong set of numbers across last 3 Qtrs. super Bullish trend. once price moves upside it will keep completing multiple Cups.
BANK OF BARODA has formed a rounding bottom pattern and looks good for a long above 188-190 levels (weekly candle breakout retest needed) with around 5-6% of stop loss ,for targets of 207 and towards all time highs of 228 levels , a breakout above all time highs will take the stock higher very quickly where sky is open
CNX PSU BANK index spot cmp 3945 Chart pattern study Daily time frame. Ascending inclined head and shoulder pattern formation. Currently formation of right shoulder is ongoing , any rise on higher side would face selling pressure till the high point of right shoulder is not taken out on daily closing basis. On lower side nearest support can be taken as the...
CNX PSU BANK index spot CMP 3930 Elliot wave study Time frame :- Daily Index is trading in corrective phase of elliot wave. Formation of wave B is completed and current sell off in index have started to unfold wave C of corrective phase. Any rise in index should be used to exit any long position, till the recent high is not taken out on closing basis. On lower...
As updated previously that psu banking stocks will boom and happened, check previous published idea.
PSU banks will outperform better that PVT banks in coming weeks and chart also says that it has retested it's supportive zone very well...so focus on PSU stocks for better returns.
Indicating reversals from all time trend line. Good to go long with PSUBEES
NSE's PSUBANK index (ticker: CNXPSUBANK) was trading in a long head and shoulders consolidation for two years from mid 2019 to mid 2021. The breakout from inverted H&S happened in Oct'21 after which the index began to consolidate in a bull flag type of formation till Aug'22. The index broke out from this consolidation in Aug, gave a retracement back to the...
Nifty PSU Bank Poised For 20-25-40% Rally From Current Price. Cmp 2823.25 Buy Sbi, Canbk, BOB, PNB
Super run up last 4 months.... Approaching trend line on monthly charts... euphoria continues and amplifies if monthly trend line is breached on monthly closing basis than a supper rally on the cards... Any how 3735 is a big hurdle to cross.... Happy trading and like share and follow..
Sector Analysis - PSU Bank, PSE, Media, Infra sector analysis for value buy.
BOB Looks good for short term as well positional Keep on Radar PSU Banks Close Eye specially
Weekly NSE:CNXPSUBANK making higher highs and higher lows since May'20 and weekly RSI has established itself in a bullish range of 50-70. This sector may be in a turnaround mode. One should look at the stocks making new 52-week highs in this sector for investment. Their future looks bright to me. This is not an investment advice by the way, do your own research...
PSU bank sector near to breakout. Good time to buy. After breaking out supply zone we can see a good upside price movement on PSU sector bank shares.
It looks like pain Is not over for PSU banks, A very clear Bearish cypher near the trend line resistance, with small stoploss, one can look to short.