PSU bank Index as proportion of nifty looking goodPSU bank index as proportion of Nifty looking good for move
CNXPSUBANK trade ideas
#cnxpsubank cup & handle formationcnxpsubank index @2240 clearly making cup& handle pattern. Is the risk reward favorable to preempt the formation before breakout?
Those who are seeking opportunity should give it a try. With entry point 2240 and stop loss at 1900 the reward seems to be 3600 which is 1:3.
Seems to be best bet for next 3 months or so. Weekly positive DMI moving up again and Negative DMI facing down (suggesting bears are not interested) and with ADX at 30(very strong), this is a not to be missed opportunity Monthly Charts also confirming the pattern although ADX still sloping down suggesting the Index may move up with little time & bit of volatility. What`s your take?
Nifty PSUBankNifty PSUBank showing continue downside movement. 2090 is last of to start up move. Be Careful!
NIFTY PSU - 1955PSU index has taken support at the demand zone and moving. If it sustains above 2000 we will see upward movement in PSU BANKING STOCKS.
Nifty PSU 2123 - Go long with 2080Nifty PSU 2123- Has turned bullish. Consider going long with support 2080.
PSU banks making Cup and Handle, Inverse Head & Shoulders Nifty PSU banks right now at a Very good support level. There are 3-4 different analysis in the same chart.
The first entry could be at CMP itself as it is at a good support level.
The second would be when it breaks the long trendline shown that is respected for 2-3 Years.
The third would be when it Breaks out the Cup and handle pattern trendline.
The fourth would be when it Completes the Shoulder and breaks out the neckline. NSE:CNXPSUBANK
Nifty psu bank good short candidateNifty psu bank spot cmp 2400
Bearish bat pattern formation.
Good short candidate..
view gets negated above recent high on weekly closing basis,,
Else can fall by 300-500 points from current levels.
NIFTY PSU BANK Index Has seen BreakoutNifty PSU Bank Index is trading above 200 Exponential Moving Average (Weekly) and has seen trend line breakout, Also Index is outperforming Nifty Index. We may see Sharp up move in PSU Banking stock like SBIN, Bank Baroda, PNB, CANBK From FNO Space, Once should ride the trend using hedging Strategies.
Nifty PSU ( 2464) - Our review.Nifty PSU ( 2464) - Signals are negatively diverged. A strong bearish engulfing confirms bearish confirmation. Expecting target 2240.
Relative Strength Breakout *Inverted Head & Shoulder Pattern breakout in Relative strength of PSU Bank Index. That's show strength that PSU index may outperform the Nifty.
* Started tracking PSU Bank stocks at this time.
Kindly Let me know if you have any question
Thank you
will psb bank nifty rally continue#price action
Waiting for break out/ trend reversal.
Go as per chart.
time frame maximum 15 days it will achieve the target in either direction
share your views in the comment section.
Always go with the trend.
Nifty PSU banks 1857- Momentum diverged. Raising wedge pattern.Nifty PSU banks 1857 : Momentum diverged. Raising wedge pattern. Sell below 1905.Expecting targets 1640,1520
Taken Support and on the way of rising One can go for buying PSU Banks as high chance of rising quickly from these levels
Swing Trading Opportunity in PNB , CANARA BNK & BANK OF BARODASwing Trading Opportunity in PNB , CANARA BNK & BANK OF BARODA
CNXPSUBANKAs shown in the chart previous two support act as a resistance now.
Keep an eye on PSU Banks, might fall from here. Wait for confirmation.
Use for Education Purpose.
Trade according to your analysis.
Note:- This is my Personal view. Contact your Financial advisor before taking any Investment decision.
