CNXPSUBANK trade ideas
psu bank , pakad ke baith jaopsu bank pakad ke baith jao, koi kuch bhi bole mat suno, sabhi psu bank ke neeche jake volume dekho. price bina matlab k badh sakta hai , volume nahi
NIFTY PSU Banks : Entered into a time correction?//PSU Bank Index//
Why does it look like a time correction going forward?
Reasons:
1. Despite taking support at 38.2% retracement of the current swing, it's over 3 weeks, the index did not revert and resumed northwards.
2. 38.2% retracement is considered as a fast retracement in a climax move like this one. If the move has true energy, prices do not stay at this retracement for long. (Bull flag carry the same property)
3. If it is spending time here, means it is gathering energy and it may burst either side.
4. The index has retested (coming from 2018) long-term resistance that now has a confluence with a declined trendline tilted at 45 degrees.
5. In order to validate any harmonic pattern it must move towards 50% retracement (minimum), which is more likely.
6. On 07-04-2021 we had spurt weakness in USD-INR coupled with a huge gap down in EEM.
(Something fishy is going on.....)
CNXPSU BANK - More to GOPSU Bank is the pack where bulls have more punches to go. Broke the long term consolidation and despite the raging upmove, bulls still stand a chance. Another 20% on the upside is in order. Current index is around 1830. New Base is 1550. Stay focused in this space with selective picks for gains.
PSU BanksPSU Banks... Nothing to invest... just to trade... if having capability handle volatility in it...
PSU Bank Index - Green ShootsPSU Bank if held above 1400 this month, looks goot to enter. Above the blue line the confidence increases. Red Line is SL.
Disc: Not a SEBI Registered. I post charts for my own study.
NIFTY PSU BANKNifty PSU Bank weekly chart is showing strongly upside movement. Chart has been breakout from Flag pattern and will be go upto@2130. so buy psu bank shares
NIFTY PSU BANK BREAKOUTNIFTY PSU BANK HAS GIVEN A FLAG BREAKOUT
STOCK LIKE SBIN , PNB AND BANK OF BARODA CAN RALLY HIGHER
NIFTY PSU Bank enters supply zone with a positive biasNSE:CNXPSUBANK entered into the supply zone with a positive bias.
Longs can hedge with call short.
PSU bank index ready for rally ?Weekly PSU bank at support expecting 1800 plus levels soon. May be people lose trust in private banks ???
CNX PSU BANK formed NEO WAVE corrective patternCNX PSU BANK formed NEO WAVE corrective pattern in weekly time frame that is double combination and according to gann price & time square out psu bank price balance with life time high with current time prices it will take some time for balancing. when both condition will fulfilled. then psu bank will be bullish for next 3 to 5 year.
BUY PSU BANKSBUY ALL PSU BANKS WITH INDEX BASED
SL 2310(CLOSING)
BECOZ IT WILL HELP TO BANKNIFTY NEXT
RALLY.
NiftyPSUBANK#NiftyPSUBANK
#FallingChannel #LawOfPolarity #WeeklyChart
Close above 2626 Next Tgt 3100/3180+ Possible
Indian PSU Banks - more pain left before real buying startsIndian PSU banks index is looking more down before real buying starts ( Updates on this chart on monthly basis!!!)
#CNXPSUBANK Pre-empt AB-=CDPre empting AB=CD
3250 is imp level to watch below that it will open for 3120
Bullish on Nifty PSU Bank IndexThis seems to be in a triangle. An up move can come following a dip for wave e.
A corrective structure is also forming in SBIN. So both of them can move up together.
Tomorrow is RBI policy outcome. Let's see.
