NIFTY PSU BANK INDEX - Very Bullish
The index is forming an Inverted Head and Shoulder Pattern.
Just broke out of the Downward Channel resistance this week.
In about 2-3 years the index should reach its target of 4340 but before that happens its intermediate targets will be met.
Between 2660 and 3360 there could be some consolidation going forward.
Immediate short term - MACD crossover should give this space some momentum.
My Fav picks from the index include
SBI, BOB, PNB, Indian Bank, Central Bank & Canara Bank.
Just broke out of the Downward Channel resistance this week.
In about 2-3 years the index should reach its target of 4340 but before that happens its intermediate targets will be met.
Between 2660 and 3360 there could be some consolidation going forward.
Immediate short term - MACD crossover should give this space some momentum.
My Fav picks from the index include
SBI, BOB, PNB, Indian Bank, Central Bank & Canara Bank.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.