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Psubanks

PSU Bank BreakoutStock is moving with Higher Low's. Ascending Triangular Pattern breakout confirm on Weekly chart's. Breakout candle is very strong. MACD supportive to breakout. MACD Indicated Positive crossover too along with Sharp Uptick in RSI. RSI comfortably staying above 60. One can see consolidation near 50-60 zone too. Stock has given breakout with Strong Volume Rise. PSU BANK INDEX chart too indicating breakout is near. Buy this stock with long term/ Medium term swing prospective. Weekly closing above 200DEMA level, may trigger next leg of Rise. Not giving any target's. Stop-Loss can be weekly closing below 50DEMA or 148-150 level's. Keep adding this stock in Pull Back's.
NSE:CANBKLong
by ad11patankar
CNX-PSUBANKHello All, PSU banks have been underperformers, however I can see a turnaround in this sector. A very beautiful VCP pattern is in formation and with a breakout of the horizontal line we may see some good rally in PSU banking stocks. Now, what to do after knowing this? How to look for stocks in this sector which may give good returns? Simple solution: 1) Take out the list of PSU banks. 2) Observe their charts. 3) Watch out for the one's which have already started to outperform their sectoral index i.e. CNXPSUBANK. 4) Keep a track of the stocks which are near their breakout zone or are trading at their resistance/support zones ( add them in your watchlist/ place price alerts). 5) Once you prepare a list of such stocks, read about them. See news articles related to those banks. I am sure you will find some good articles as to how their results might be. Note: Once you find your bet do not simply put in all the capital you want to invest in one go. Enter let's say 50% of the amount you want to invest, and then if the stock behaves in your direction you may think of adding further capital. Learn Pyramiding. I hope you will all follow this process and omit/add steps to it while filtering the stocks as per your experience/expertise. Do reach out to me incase you have any doubt or any advise/suggestion for me:) Happy Trading!
NSE:CNXPSUBANKEducation
by Ankit_Oberoi
PNB Possible Breakout on the hourly chart!PNB has a very good technical structure on the hourly as well as the daily chart. We see that price has tested the support zone or the resistance multiple times and any up move from here may take the price higher up. This is also supported by the news that the The Enforcement Directorate (ED) on June 23 said that it had transferred a part of the seized assets in cases related to fugitive billionaires Vijay Mallya, Nirav Modi and Mehul Choksi, to state-run banks and the Centre. This will support the breakout, if we get one. We should keep an eye on PNB in the short term.
NSE:PNBLong
by anusuabose92
SOUTH INDIAN BANK - Good Days Coming?...LONG TERMFrom Last Year Stock is Trading Between this PRICE RANGE of 10.90 ---TO---4.80 good Channel pattern formed on higher time frame 4hr.. Gave breakout with heavy volume ...IT might be False On But i am bullish on this penny stock for Target of 30-50 Ruppes...in 2-3 years... Buy above only gave breakout to level of 11.85--11.90... For ShortTerm Target - 12,15,18,20 SL- 8-9 One can invest for too Long term Like For 15-20 Years For Levels of my view xD..200-250rupees Thank You.. *INVESTONOWNRISK
NSE:SOUTHBANKLong
by Darshaann