Another sector is ready to fire...PSU banking index look attractive & anticipated stocks will be ready to blast under this sector keep closed eye on radar !!!!Longby Akhilkumar_r1
CNX-PSUBANKHello All, PSU banks have been underperformers, however I can see a turnaround in this sector. A very beautiful VCP pattern is in formation and with a breakout of the horizontal line we may see some good rally in PSU banking stocks. Now, what to do after knowing this? How to look for stocks in this sector which may give good returns? Simple solution: 1) Take out the list of PSU banks. 2) Observe their charts. 3) Watch out for the one's which have already started to outperform their sectoral index i.e. CNXPSUBANK. 4) Keep a track of the stocks which are near their breakout zone or are trading at their resistance/support zones ( add them in your watchlist/ place price alerts). 5) Once you prepare a list of such stocks, read about them. See news articles related to those banks. I am sure you will find some good articles as to how their results might be. Note: Once you find your bet do not simply put in all the capital you want to invest in one go. Enter let's say 50% of the amount you want to invest, and then if the stock behaves in your direction you may think of adding further capital. Learn Pyramiding. I hope you will all follow this process and omit/add steps to it while filtering the stocks as per your experience/expertise. Do reach out to me incase you have any doubt or any advise/suggestion for me:) Happy Trading! Educationby Ankit_Oberoi7
Nifty PSU Bank - Potential Index for Next 2-3 MonthsIt could be heading for higher levels.. Details on the chartLongby NavDeep_Charts0
PSU Banks - getting ready to breakPrice forming a pattern near the resistance and it will break in the coming days, as the analysis is on weekly time frame it takes months to break. One should look for breakout patterns in PSU banking stocks.by Tradersasi235
Nifty - Public Sector Bank Inverted Head and shoulder pattern which is like a mother pattern of what was repeated earlier. Shown the earlier pattern with success marked with white line. Same is being indicated to happen, on a much larger scale... Do trade your hard earned money after consulting a registered stock market expert, I am a newbie trader :) Longby DoublebassmaniawithPranavUpdated 0
Nifty PSU BankAt a lower level of the trendline. If the market supports we can expect a bounce from this level. Let's watch by Raju_Boggavarapu0
PSU BanksIf you are bearish on BANK NIFTY tomorrow and plan to short, why not look at precarious PSU Banks for a bigger success? They are all placed precarious and market has been punishing weakness in all stocks with no mercy from several days. Why not hit it where it hurts the most. Trade subject to confirmations. Goodluck.Shortby NateshBhat110
PSU banksPSU banks can complete correction now at 38% retracements to start moving up. Hope to hold on the channel bottom without going to 50 or 68% retracement. Good risk reward at this point to try Longby Astute_Dharini_Trades0
Nifty Psu banks looking bearishNifty PSU banks looking bearish , should move down till support zone for the week this is for educational purpose onlyShortby shantanujain001110
nifty psu index breakout NIFTY PSU BANK INDEX GRAAA TURN AROUND STORY CAN COME Public Banks Q1 JUNE 2021 Results ⬆️ Net Profit (In Crores) SBI - 6,504 BOB- 1,208 Canra-1,177 PNB - 1,023 UBI - 1,181 Indian-1,182 BOI - 720 IOB - 327 BOM - 208 CBI - 206 P&S - 174 UCO - 102 All 12 Public Banks are in Profit . Longby rajulbhavin110
Trader's Queries & Newbie's corner - Can everybody trade? Part 4Prologue : Trading seems to be the perfect solution in tough times. When there is no hope, trading gives easy ways to earn money. Share market looks so mesmerizing with so many good promises. Thrills everybody with its twists and turns. Who will escape from its attraction? Who dares to challenge it? For every tick, it makes the heart beat faster, making the hormones to addict to it. Who dares to control their mind? U do ? Query : This week's most asked query. I have 2 Lakhs in my savings and lost job recently. Can I start trading to fulfil my family needs? Finding job in this pandemic has become tough. Can I trade with borrowed money? Answer : Ok, lets take few examples. An engineer lost his job. Can he start doing surgery to earn money? To fulfil his family needs? A pilot lost his job. Can he start to work as a software engineer to feed his family? Does not sound logical or correct, right? Now read the query again. Step 4 : Everything has a right value. Stock market price moves up when there is demand and price falls down when there is supply. A person gives more emotional attachment to money when he has financial problems. A trader trades well when he give the right value for the money. When a trader under values money, he gets greed, risks more and trade without proper position sizing. When a trader over values money, he get fear and miss good trading opportunities. Can you understand now how emotions make a trader to trade with out discipline? To become an engineer, a person has to complete B.E in engineering. To become a physician, a person has to complete MBBS. To become a trader is there a degree qualification? No. But it does not mean without proper education you can be profitable. You can be profitable if you have proper trading education and education. Everybody can trade with proper education. (to be continued...) Educationby vanathi8827
Trader's Queries & Newbie's corner - Can everybody trade? Part 3Today I am writing about one of the most asked questions. Most traders face this situation. Only very few take necessary steps to rectify it. Query : After making huge losses, I am putting my money again in trading. It is painful to get loss, Every time I get loss, I panic, still I am adding money to capital and trade. It affects my peace of mind. What to do? A Answer : A trader should know the difference between trading & gambling. Trading : The trader has back tested strategy and trade with proper risk, money & trade management. Not impulsive in trading. Gambling : No strategy or trade set ups. Trades will be placed on impulsive thoughts. Dont know the reason for taking a trade. So now how to take control of your actions? Step 1 : Take a break from trading for few days. Think about the mistakes you have done. Step 2 : Believe you have the power to change your bad trading habits. Step 3 : I will give you an example. If you take a bus to delhi, you will reach delhi only, not Mumbai. To go to Mumbai, you have to take Mumbai bus not a bus to delhi. Similarly doing the same thing which gave you loss wont make you profitable in the present. This is important for you understand it. Then only you will look for ways to rectify your trading mistakes. (To be continued...) Educationby vanathi2230
NIFTY PSU BanK/NIFTYOnce it gets out of the correction Zone, fun begins. Till then... Stay awayby jainnikunj760
Newbie's Corner - Part 2 Can everybody trade? Every expert trader was once a newbie trader. Every Pro trader was once losing money consistently. And everybody starts trading with zero experience. Why very few only become a successful trader? How a person approach trading decides it. If you want to swim, you know very well theory knowledge wont help, only experience helps you to swim. Someone will instruct you and wearing a life jacket you will be learning. Also in the first day itself you wont learn to swim in sea. You will start with a pond or small river. Similarly in trading, technical knowledge is your life jacket. So many study materials are available in internet about trading to improve your basic knowledge and to paper trade. Learning from an expert trader saves your time and increases your trading/learning curve. Using small position size is like swimming in pond. Its not like you can learn if you have big amount as capital. Big capital increases your fear & greed drastically and as a newbie it will be tough to handle. Educationby vanathi20
Newbie's Corner - Can everybody trade?Trading is one of the most glamorous businesses. Why it attracts so many? Why people jump in to trading without any second thought? Any profession needs certain education, specialized degree in it to succeed. In trading anybody can trade if a person has money, demat account, internet and computer/mobile. Unlike other jobs trading don’t need any job interview. You are your own boss(yaay :)) . You have full freedom and also responsible for your actions. These are the advantages which attract people to invest their hard earned money. Now lets see the disadvantages. Let me explain it with an example. Can a person do surgery on the first year of medical science? Can he do surgery even if an expert surgeon gives proper instruction in the operation theatre? Answer is “No”. Similarly in trading, without experience a person cannot make consistent money. So before investing your hard earned money just ask yourself, “Am I qualified to trade?” This will make you to take proper steps to become qualified for trading. Trading is the only business which has unlimited profit & it gives abundant money to the traders who are qualified to get it... Educationby vanathi28
NIFTYPSUBANK Exhibiting Inverted Head & ShouldersNIFTYPSUBANK Index is exhibiting inverted Head and Shoulders pattern on the weekly chart, with the price just about touching the neckline of the pattern. A measured move target would mean price going toward old time support/resistance line of 4000 on the index. We are bullish on the Nifty PSU Bank index with the price target as mentioned.Longby vipulmehta8171
NIFTY PSU BANKS - Ready to Ride?Nifty PSU Banks Index has shown a clear sign of bullishness. The inverted Head & Shoulders Pattern is broken. Around 30 - 35% move is expected. Be ready to ride the wave. Happy trading :)Longby varunvikraman225
PSU Bank will do great coming daysAfter creating new lower low PSU Bank stocks will going to create new higher high. Longby anuragtrivedi03022
CNXPSUBANK Forming cup with handle patternCNXPSUBANK Forming cup with handle pattern. We have already shared PSU Banks. and people made good profit. Longby RetailSwingTraders0
Nifty PSU Bank 2491 - BullishNifty PSU Bank - Bullish. Expected target of 2574 by next week based on Butterfly pattern.Longby subravi0
NIFTY PSU-Bank Index Technical AnalysisPSU-Bank Index shows an nice upward trend. Target of 50-70% can be achieved. Index recently trailing above its 200 SMA. More-over it also forming cup and handle formation. Area around 2654-2467 is acting as a strong supply zone.by mahlaraj2040