PSU Bank index need a little correction down to 46010, (approximately).
• Keep eyes on PSU banks like UCO bank, Union Bank and PNB etc.
• Set your stoploss strictly, market doesn't care about your position.
• Go to my profile and check YouTube channel for best swing trading stocks.
• And always set your own strong strategy, don't believe in anyone, neither me...
Little correction needed on PSU bank index to move forward.
• Keep eyes 👁️ on PSU banks like UNION BANK and UCO banks for best swing trading.
• Always keep moving your trailing stop loss, market doesn't care about your positions.
• Go to my profile and visit our YouTube channel for high potential stocks for swing trading.
Chart is for educational purposes...
PSU Bank Index
The index is showing good strength. It is showing both short term and long term opportunity. We can getting to get the opportunity to get risk reward in the PSU Bank Stock.
This index is showing strength. After breaking the 10-11year old down trend line it went straight up and then retraced 38.2% and now back to the same levels. I have already invested some portion in the month of April when some PSU banks were setting up good. Now have found many PSU banks coming in my weekly scans and having position in individual banks is not...
Nifty PSU Bank index ready for breakout after 12 years. near resistance good consolidation and buyers are accumulated near resistance. so many PSU Bank are ready for yearly breakouts. closely monitor them. if market is good in short term then this stocks has a potentials to give good return in short term. NSE:CNXPSUBANK
Nifty PSU | A simple analysis
We can see that there's a good breakout in PSU Sector.
Just a little hurdle in the weekly time-frame, marked the line from where the script has been facing rejection,
Closing above that line and the zone may give good upside momentum in the whole sector.
As previously shared my bullish view on PSUBanks in August last year, they did a dream rally from there on and now after a correction from hitting the supply zones they are back in good demand zone.
The index is currently making falling wedge on weekly tf, with a large picture showing a cup & handle where handle is potentially the falling wedge formation, Also a...
It seems PSU Banks are going to outperform the market in coming days. But most of charts are over extended hence wait for pullback recheck the position and then enter in the trade
Trading and investing in the financial markets carry a high level of risk. It is essential to carefully consider your financial situation, risk tolerance, and investment goals before making any trading or investment decisions. Always do your own research, seek professional guidance, and make informed decisions based on your own judgment.
Any opinions, analyses,...
Analysis Criteria Used:
1. Please find the Chart Analysis done for the NIFTY SECTORS for the upcoming week and the following days
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always...
Is the psu banking stocks ready for a major rally in the coming days ?
PSU INDEX has broken out of its long term bearish trend line and has also retested its trendline supports , showing there is a possible change in the trend , overall it is buy on every dip in this sector with stocks like SBIN < CANARA BANK < BANK OF BARODA and many others towards targets of all...
CNX PSU BANK index spot cmp 3945
Chart pattern study
Daily time frame.
Ascending inclined head and shoulder pattern formation.
Currently formation of right shoulder is ongoing ,
any rise on higher side would face selling pressure till the high point of right shoulder is not taken out on daily closing basis.
On lower side nearest support can be taken as the...
CNX PSU BANK index spot CMP 3930
Elliot wave study
Time frame :- Daily
Index is trading in corrective phase of elliot wave.
Formation of wave B is completed and current sell off in index have started to unfold wave C of corrective phase.
Any rise in index should be used to exit any long position, till the recent high is not taken out on closing basis.
On lower...
