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This banking stock showing great movement with rising volume in monthly time frame, near to BO or Res zone for further move, follow chart for tgts and support.
C&H / RB Formation on Monthly Basis.
MultiYear Price Trendline BreakOut
NIFTY PSU Uptrend Support
Strong Vol BreakOut
Strict Stoploss to be Adhered.
Do Your Own Research as well!!!
Happy Investing:)
Multiple time frame charts of subdued Banks reveal attractive fundamental valuations and great setups which could offer 15-30% returns within a few days/week and even great trading opportunities in the long term.
Manage Risk. Trade Well.
Cheers,
CA. Nick
Punjab and Sind Bank has given breakout of 3 months old trendline.
Details in chart:
Buy above blue line
Target at green line
Stop loss at red line
Comment your views on this trend.
#PSB
NSE:PSB
CMP: 18.25
TARGET: 27
May Hold After Target Reached.
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Might blast to more than 27.
Super Bullish on this stock.
From Rachit Sethia with 💚
"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince.
Entry at 14.00 or touch of lower demand line ; Target is double of present range i.e 18.50 ; Stop loss below 13.40
DISCLAIMER:
Trading in the...
