NIFTY PSU BANK

NSE

CNXPSUBANK

PSU Bank - Monthly wave cycle suggests if this month it fails to close above 2675 then a lot more pain is pending

NIFTY PSU BANKS LEVELS

THE INDEX HAD PASSED THROUGH THE KUMO TWIST AND IS INTO THE BULLISH ZONE. ONCE THE LEVEL OF 3210 IS CROSSED, THE INDEX SHALL REACH 3400 IN THE COMING DAYS. WAIT FOR INDEX TO TRADE ABOVE 3210 LEVEL. FUTURE CLOUD IS BULLISH AND ONE MAY EXPECT THE INDEX REACH THE ABOVE MENTIONED LEVEL.

For the last few years PSU bank index moved in tandem with SBI. SBI raises - PSU Bank Index raises SBI Falls - PSU Bank Index falls. While PSU bank Index fallen 500 points (14%) from March 2019 SBI has just fallen 20 points (6%) from March 2019 Even though BankNifty is beaten down SBI is standing tall. Expecting a good move in SBI after election.

follow

follow

wyckoff

can offer good return

Explained in chart.... Disclaimer: All my post are for educational purpose non directional & non advisory

NIFTY PSU BANKS DOWNSIDE VIEW -- FROM 2950 TO 2600 IN 1-2 MONTHS

north

NIFTY PSU BANK.........PREDICTION.............

CNXPSUBANK breaks below range of 2655-2700 majorly contributed by SBIN which breaks below support of 256 next support for CNXPSUBANK would be around multi-year support level of 1900-2050 which would mean that SBIN expected to test support in 232-235 range

Very long term charts on PSU bank nifty. Gann aupport around 2100-2150. Turn date around april 2019. It's a weekly so keep that in minf

Nifty PSU banks (CNXPSUBANK) weekly chart study - megaphone

below 2600 looks weak

Nifty PSU Bank index is standing near to very important level of 2650....if closes below this level, next support comes around 2150. In this case SBI may fall to 250-238-230 in.tradingview.com

If the index closes below 2650, we may see 2150 levels. Be caution before buying the psu bank stocks. This is monthly chart