PSU BANK : Make or Break Level !!!Hello to everyone
NIFTYPSUBANK-INDEX
👉🏻Index at trendline support
👉🏻20% + correction done after a massive rally.
👉🏻Now at decisive level (Make or break)
👉🏻Keep strong eyes on PSU BANK stocks.
CNXPSUBANK trade ideas
fresh selling pressurefresh sell psu banks below 3600 sell canbk bob sbi fresh selling would be seen closing below 3600 levels.
CNXPSUBANK possible downtrend continuation.CNXPSUBANK retracing towards the upside and can give possible short entries in its peers. Stay Sharp!!
NIFTY PSU BANK OUTPERFORME BANK NIFTYThe chart of the nifty psu bank & bank nifty this is show at this time nifty psu bank give more strength than bank nifty,
PSUBANK Long Setu, index brokeoutPSUBANK index brokeout
PSUBanks seems good for long in short term.
Like PNB, SBIN, BANKBARODA.
PNB is ready to buy for positional trade.NSE:PNB
Aim for 6-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
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niftypsubank Analysis1. Trading in the channel , will bound to go near the channel , 200 points down , will drag the bank nifty below levels in coming week
2. similar analaysis done for private bank , both the sectoral banks are short term bearish , will drag banknifty at lower levels
3. Since Private bank is at 200 EMA support will bounce and take banknifty up 500 points , in coming week
4. refer the levels seperately in bank nifty analysis and trade acoordingly , go long at the supports shown for better risk reward
like if you agree with the analysis
PSU Bank Index perfect support at CPRPSU Bank Index took perfect support at Monthly CPR levels. SBI, JK Bank and Bank of Baroda look good for taking a swing trade.
PSU bank index- bullishConsolidation similar to the earlier one , a breakout would lead to substantial runup.
Earnings season should be good for PSU banks.
For education purpose only
PSU BANK BULLISHWeekly BO DONE. Awaiting monthly. IN sbort span...........PSU BANK may get 50-60% appreciation. CANARA BANK seems to lead from the front.
psu bank breakoutpsu bank has given major breakout above 2669
can invest though by buying psubank bees
buy till 2181
target are 3447 : 4247
sl 1889
time frame : i am expecting 6 months
its also good for long term sip as major psu like canra bank sbi bank has given breakout and this index is made up of psu bank
CANBK
PNB
PSB
SBIN
BANKBARODA
UNIONBANK
BANKINDIA
IOB
INDIANB
CENTRALBK
MAHABANK
UCOBANK
J&KBANK
weekly breakout this week and
monthly breakout if close above 2669 this month
PSU bank will be the king, huge upside potential
PSU BANK
Symmetrical triangle breakout and retest
huge upside
targets
1-2580
2-2658
3-4400
4-God knows
NIFTY PSU BANK WEEKLY CHART Making head and shoulder pattern ,minor hurdle around this lvl , top pik BOB,PNB , IDBI BANK
any recapitalization news coming soon?PSU bank index looking good for breakout.
Take your positions accordingly.
PSU bank leader SBIN can rock in coming days
Indian Private Banks vs. PSU BanksPSU Banks made a big comeback in late 2020.
Now, they're at a key level relative to the private banks.
Very interesting times ahead.
psu banks in buy zone they are at 4 month support level
this is surely a accumulation phase
every psu banks come in this sector
Cnx psu bank daily chart forming a cup and handle pattern . tomm sbi coming with result so much depends on it , if result are good then most of stocks going to blast .
Nifty PSU Bank Index - Bullish structureNifty PSU Bank Index gave a trendline breakout on the log chart today. It is possibly heading towards 2650.
A closing above 2650 would activate inverted head and shoulder targets of 3345 and 4245 respectively (Where weekly resistance zones exist).
Nitty psubank index ready to rally weekly chart of nifty psubank formed inverted head and shoulder pattern wait for break out for all time time in banknifty
