ScienceBehindTheChart

Public Sector Banks making lower lows and Higher Highs

Long
NSE:IOB   INDIAN OVERSEAS BK
- As the trend changed in all public sector banks due to fundamentals change in the banks due to govt support in recapitalising and infusing fresh capital, so with strict stoploss one can go long in any Public Sector Bank for 1 year time frame.

- As the market making turbulence on daily basis, the stock can also behave like Nifty, so play your cards be carefully.

- Stock prices gone very high just like of 2017 levels which has also not came in the stock yet, so save your capital at this level, do not buy all time high stocks, because you never know the price of your stoxk will come at this level in which year.

- Standing with the stock for many years is required great mental stamina, so if u have that kind of conviction then ready for 40 % fall in your holdings in coming weeks and ready with extra cash to buy other stocks which you left in this bull run.
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