PSU banking Index has given 12 years Breakout
Lets Analyse hidden banks 🧵
Lets Analyse hidden banks 🧵
1. Indian Overseas Bank
Major Resistance above 32 which will lead to fresh stage 2 uptrend
Relative Strength is Positive and Looks strong
Accumulate near 28 to 30 area
Long term Stoploss below 24
RR is good with updside till 60
Major Resistance above 32 which will lead to fresh stage 2 uptrend
Relative Strength is Positive and Looks strong
Accumulate near 28 to 30 area
Long term Stoploss below 24
RR is good with updside till 60
2 . #J&K bank
Looks good near 66 and Mjor resistance 95-100
RS is strong and positive
CMP doesnt provide good RR ratio
3. #SouthIndian Bank
Exellent RR structure with Good Volumes
Near retest zone and provide good upside opportunity till 35
Looks good near 66 and Mjor resistance 95-100
RS is strong and positive
CMP doesnt provide good RR ratio
3. #SouthIndian Bank
Exellent RR structure with Good Volumes
Near retest zone and provide good upside opportunity till 35
4. Union Bank
Perfect Structure with Good RR
can enter on Stage 1 Breakout
5. Bank of India
Not that great structure , Better stocks are avaibale .
Stock has multiple resistances
Perfect Structure with Good RR
can enter on Stage 1 Breakout
5. Bank of India
Not that great structure , Better stocks are avaibale .
Stock has multiple resistances
6. #Pnb
Worth accumulating till 58 -55 levels
Looks good uptrending Structure
7. Bank of Marashtra
Heading towards resistance
Better stocks Available
Worth accumulating till 58 -55 levels
Looks good uptrending Structure
7. Bank of Marashtra
Heading towards resistance
Better stocks Available
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