Bank Nifty was at channel top and it had to fall and it's fallen. does it take a monthly support at 28000 level? lets wait and see where market has to headus in coming days ( before Apr 31st 2021 ).
my view on Monthly is bearish. but weekly we can see some consolidation.
****SPECIAL TRADE****
This an ETF which is linked with PSU Banks, If you wish to benefit the current PSU Banks Rally and want to ride the wave. This is a perfect trade. You can Swing / Short Term / Long Term on this trade. We will navigate you through the trailing SLs and Targets.
BONUS DAILY SWING CALL // Wednesday 17th of February 2021 / NSE:PSUBNKBEES ...
Buy 40% Canara Bank At Cmp 157.2
Add 60% If Price Drops To 132-135
Strict SL - 122 (WCB)
Target - 290+++
Highest Ever Monthly Volumes Of 18 Years. Something Big Is Going To Happen In PSU Banking. Watchout.
*Inverted Head & Shoulder Pattern breakout in Relative strength of PSU Bank Index. That's show strength that PSU index may outperform the Nifty.
* Started tracking PSU Bank stocks at this time.
Kindly Let me know if you have any question
Thank you
#price action
Waiting for break out/ trend reversal.
Go as per chart.
time frame maximum 15 days it will achieve the target in either direction
share your views in the comment section.
Always go with the trend.
Zones for entry are marked on the chart.
The predicted buy & sell zones plotted are an approximation and for accurate levels use the indicator (tradershedge) which updates the levels on real time and also triggers an alert.
You can make entry decision once you get a confirmation at the respective marked zones and opt for the next successive zones as expected...
Trade Setup: PNB took a support at 89SMA and reversed its downmove with high volume
Buy Zone: 34.5 - 35.0
Target=As per Chart
NSE:PNB
Imp:
1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.
3. Once a trade is in your direction (say) 3%, never let it go in a loss.
4. Simply...
