Cyber Monday saleUp to 70% OFF
Nifty PSU Bank IndexNifty PSU Bank IndexNifty PSU Bank Index

Nifty PSU Bank Index

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals Components

CNXPSUBANK trade ideas

New Relative Lows In Nifty PSU BanksIn addition to Nifty PSU Banks breaking down to new all-time lows on an absolute basis, we're also seeing new all-time lows relative to the Nifty 100. This trend of underperformance has accelerated and unlikely to continue this steep pace for the long-term, but there's no reason to be looking for a reversal just yet. We’re not here to catch falling knives or be right about calling a top or bottom, we’re here to make money. And we do that by riding the strongest trends as long as they’re intact, which in this case it most certainly is.
NSE:CNXPSUBANK
by AllstarchartsINDIA
Further Downside Ahead For NIFTY PSU BanksHere’s the leader of the weakest stocks, Nifty PSU Banks, breaking down to new all-time lows on an absolute basis. When bullish momentum divergences fail to spark any sort of upside traction, that shows that sellers are remaining aggressive even at lower prices and that the downtrend remains firmly intact. If prices are below their recent lows of 1,220 then we’re looking for further downside towards 1,025. We’re not here to catch falling knives or be right about calling a top or bottom, we’re here to make money. And we do that by riding the strongest trends as long as they’re intact, which in this case it most certainly is.
NSE:CNXPSUBANK
by AllstarchartsINDIA
Interesting point in PSU Bank stocksMulti Year Demand Zone approaching. Watch out for the levels and keep good volume PSU bank stocks on watchlist for catching the move Your opinions of the budget on Saturday will be appreciated. Last time around the FM made all banking stocks really volatile notably Public Sector Banks on budget day. However we are trading at very different price levels from the last budget in these Govt banks. Alot has happened, may I remind you the Merger of numerous PSU Banks of the country to give more stability. Have they really? Every retail trader who would have invested in Trash PSU banks and the most infamous private bank YB for giving losses to it's investors has occured since then.. Do you think there will be a great save by Modi Govt to cheer the markets and the government's investments in it's public banks? Or this is the place of actual downfall and a worse situation than when BJP even came in as majority party, for the health of it's banks. Negative growth? The harsh reality is only a few good Private Sector banks of the country really do efficiently run a bank and also profit heavily Year after Year. Stock prices of ICICI,Axis,Kotak and every Big private player in the banking space along with their results prove what they have to. This is just my opinion. Technically, The candles give a robust Demand Zone picture with a good Risk Reward for a long position. It's obviously an interesting juncture. Could even break down who knows! Trade smart and Patience always pays off.
NSE:CNXPSUBANK
by EagleVision8