NIFTY PSUBANK Index moved up after a falling channel breakout. The move might take the index towards 6770 over the mid to long term.
Encountering many supply zones one above another Buy at Demand Zones only
NIFTY PSU BANK: Had a wonderful rally from 4500 to 5500+,seems profit booking is happening as evidenced by spinning top pattern in weekly pattern ,10EMA cross below 20 DEMA (For educational purpose only)
PSU banks in general are looking good with most of them already giving good gains over the past 6-12 months. Nifty PSU index has already given a breakout and will soon hit new ATH. Next few years these banks will give good returns just like other PSU stocks like REC, PFC.
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 recent price action looks promising....Could we see a move to all time highs? Need to wait and watch.
Bullish Patterns along with strong supports and consolidation.
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.
Breakout in Nifty PSU Bank Index..........................
Nifty PSU Banks on the verge of break out of Dec 2022 highs. The overall sector looks strong and needs to keep watch.
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...
This week PSU banks have outperformed Nifty to a large extent.
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
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