Cnx PsuBankCnx PSUBank cmp 2275
This is weekly chart Psu Bank Nifty ...
a self explanatory chart...
Blue lines is where I am expecting C of WAVE 2 to be completed...
A reversal at those levels can see a Nice rally in coming months...
Psu banks looking good for investments with small sl
Chart is for study purpose only!!!
Psubanks
Bank of Baroda Breakout Analysis !!📈 Bank of Baroda 📉
This Stock broke out from a Resistance zone of 105-108 after testing twice. I am biased on long side because todays candle is strong green.
On Buy Side I am looking for Targets of 118.
StopLoss should be kept at 105.
It offers 1:1 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Nifty PSU Bank to Pvt Bank Ratio Chart BreakoutNifty PSU Bank Index is outperforming Private Bank Index by a big margin. Current Situation is Similar to 2004-2008 Period where maximum money was made by Public Sector Banks. Public Sector Banks where NPA's have bottomed out and Banks with High Provision Coverage Ratio has potential to surprise everyone on the positive side.
Chart Suggests that PSU Banks can Outperform the Private Banks by Hefty 30-35% in Next 1-2 years. Meaning- If Private Banks Fall by 1.35%, Strong PSU Bank Index will fall just by 1% and on the upside if private bank index rises by 1%, Public Sector Banks will rise 1.35%.
Canara Bank in a Big Bullish Wolf Wave, BUY on DIPS After the big down trend, there has been recent buying interest in PSU banks space. This buying technically has created a BIG BULLISH wolf wave.
The counters have run far too much for now, wait for dips and start accumulating on every big dips. Investment stop loss is close below INR 80. Let it cool off a bit an then start buying near INR 100, targets can be INR 200+
BANDHAN BANK RALLY ABOVE 328?BANDHAN BANK HAS BROKE ITS WEEKLY TRENDLINE AND HAS BEEN CONSOLIDATING ABOVE IT.
1.It is hovering above 200 ma
2.Flag and pole type of formation can be seen which is a continuation pattern.
3.Previous swing highs acting as support.
4.RSI and MACD supporting bullish move.
Buy above - 329
Targets mentioned in the chart above.
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Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Federal bank Inverse Head & ShoulderKeep this stock in watchlist.
1.Inverse Head & Shoulder pattern formed
2.Breakout with high volume .
3.Seems like there is nothing to retest.
Buy above - 105
Targets mentioned in the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Bandhan Bank LONGPSU sector being the hot topic, one of the script that is looking good currently is bandhan bank. Stock was trading in a parallel channel, today has given breakout from it. Also broke thorough a resistance zone in past couple days, that too breakout retest has been done. Plus the stock is continuously trading above 60 RSI, which is a good bullish sign. Also keeping in mind that the big bull Rakesh Jhunjhunwala is bullish on psu banks could maybe give it push as well :)
PSU banks on a recovery path?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 before investing.
sbin upate 2.0 tackling volatilityDue to event day stock moved 2.40% downside from day's high
with help of schiff pitchfork the price was seen taking support at lower media line which is considered as good support
with current day low price might bounce back to 537 levels and if anything above the 550 zone will be activated again
if price breakdown today's low then it might fill the gap
will update if price goes beyond our analysis either ways
Insudind bank Double bottom + DemandIndusind bank has came to it's strong demand zone and has bounced back.
It has made a Double bottom.
Swing failure can be seen.
MACD above signal line
RSI just below 50
Volume slightly above average
Buy above 870
Targets mentioned in the chart above
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
SBIN AnalysisThe chart of the State Bank of India is making higher highs and higher lows for a year now and recently we can observe an inverted head and shoulders pattern, yet closing above Rs 537.55 with good volumes will give a potential buy chance for swing position. Recently we have seen a rally in PSU banks like CAN Bank, BOB Bank, PNB Bank thus this also becomes a potential buy situation. This information is for learning purposes, do share your thoughts.
Canara Bank Canara Bank is showing a trend reversal W pattern, with daily T.F volume slightly above average. Let's see if the current day closes above the last swing high. lower T.F consolidation within a 15min range. Let's see if any move from here. The PSU index as well, in the same pattern. SBIN followed the same pattern and closed above. I hope the next Canara bank
PSU BANK Sector Ready to FlyI am bullish in this sector because of price already made a inverted head and shoulder chart pattern in weekly chart and now trading to its important support Zone . In daily chart set up price consolidate above 200 Day MA and Break the upper boundary of the consolidations zone . So high probability price continue the uptrend .
Punjab National Bank: High Probability TradingOne of the nice set up here on the charts of Punjab National Bank. This looks like a great trade with perfect risk to reward ratio.
Rough Set up.
Buy Price - Around 40-41
Stop loss - Around 38.5-38
1st Target - 43 🎯
2nd Target - 47 🔥
This is not a buy recommendation from our side. Just showing how to plan a trade and be ready to take calculated risk against good profit.






















