NIFTY PSU BANK INDEXDate : 11.02.2025 NIFTY PSU BANK INDEX Timeframe : Weekly Remarks : It broke Inverted cup & handle neckline followed by Ichimoku cloud. Next base support is Gann & Fibonacci extension. Below RSI 40 on weekly closing basis will confirm extension 1.61% targets Regards, Ankur by AnkurSingh1
CNXPSUBankin past 5 years this has given good run up in parallel channel. It would be interesting to watch how channels break down. but before that it has dead cat bounce to be watchedby SunilDhawan4
CNXPSUBANKInverse head and shoulder formation gives a confirmation that price has reversed well from lower end of the parallel channel and ready to move up. middle resistance zone has be bo and retested as well. Longby SunilDhawanUpdated 3
PSU BANKSHello & welcome to this analysis PSU Banks which had been outperforming Private Banks and the broader market since 2020 have since June 2024. It has for now stopped the lower high formation, for more strength it needs to sustain above 7250 and confirm a higher low formation. Happy Investing & Tr09:04by Dinesh_C_Nagpal555
PSU Banks still a better betNifty PSU Bank CMP -6598 Fibs- the Index took support at 61.8% fib retracement from a higher zone. This is an indication of bull trend being intact. Trendline - it is also at its trendline support. which is +ve RSI- the oscillator is above its bull zone and that is again a positive sign. ConcluLongby singh17vivek0
Assessment of All Nifty IndicesAssessment of All Nifty Indices all major indices are looks Strong in comparison of last few months for more detail see vedio 14:22by TheGoldenFarmsofEquity1
PSUBANK: Elliott Wave Analysis and Technical BreakoutTechnical Analysis: PSUBANK Index Elliott Wave Analysis The chart reveals a potential Elliott Wave structure within the PSUBANK Index. We're currently observing a bullish development within wave 5. This bullish impulse is supported by a clear upward trendline breakout. Key Points: ResistanceLongby RK_Chaarts21
Nifty PSU Bank Index in Consolidation to Bearish trendNifty PSU Bank Index has been in correction mode since Jun 2024 It touched a peak value of 8053 on Jun 3, 2024. However, it fell from the peak to 6443 the next day due to the Lok Sabha election result. Since then, it has been trading in a tight range between 7640 and 7082 till the first week of Augby shanmurali1
In-Depth Market Insights : 4 IndexesDetailed discussion on - NIFTY - BANK NIFTY - METAL INDEX - PSU BANKSLong10:49by Nimble_Pesos3
PSU Bank Index -- Will it complete the flag pattern and Double ?CNX Bank Index is creating a flag and its at the bottom on the flag pattern, with RSI at 36. It also shows hidden bullish divergence on the daily chart!! 6670 is the base of the flag and it can achieve 11500-12300 levels once it 7600 levels. Its a 2 years positional trade. Longby Nimble_Pesos19