Long term value buy. Sentiment overdone.
Not a trading buy but more of a deep discount value buy. Scam has brought all kind of shorts here. When rally happens it could be b
Canara bk - took support off gann channel. Contrarian long. Dlog
PNB - W log - @ gann support driven by scam news flow. needs to hold for fresh rally
Bob (wlog) - took support off the trendline. Rally likely
Trendline blocked the rally. Next time take out
Needs to hold the line. Breach will muddy the long thesis
Selling the rebound
JSW steel @ gann resistance - good risk reward on shorts
Gann support likely around 320
Well defined gann envelope for the downtrend
Slide down to 83-84 possible. longs there. Earlier fit
Gann channels are well defined on this one
PSU bank index has tried to hold the gann support line barring intra day breach. If holds rally coming. Conclusive breach will open next leg to a huge downside. If tomorrow opens flat/positive can try longs with 19th feb lows as stop loss
Approaches next gann support @ 113. Should find some support here. If fails, next leg of support is much lower
PNB's mistakes most probably causing collateral damage on this name. Accumulate
Momentum moving higher, price moving lower. Rally could emerge soon