Discover and read the best of Twitter Threads about #psubank
Most recents (7)
#PreMarketCapsule |26th September, Monday | Edition: 43
In the document ⬇️
1. #Nifty Range and Breadth
2. #Banknifty range and Breadth
3. #Sector Breadth
4. #FII Derivative Activity
5. #Summary of the analysis
In the document ⬇️
1. #Nifty Range and Breadth
2. #Banknifty range and Breadth
3. #Sector Breadth
4. #FII Derivative Activity
5. #Summary of the analysis
1/Quick review of Banking stocks:
#HDFCBANK: BO of the range
#ICICIBANK: Fresh ATH
#SBIN: Fresh ATH
#KOTAKBANK: Nearing BO level
#HDFCBANK: BO of the range
#ICICIBANK: Fresh ATH
#SBIN: Fresh ATH
#KOTAKBANK: Nearing BO level
2/ Rest of the banks:
#AXISBANK: Although nearing BO, it might consolidate a bit before continuing the trend.
#PSUBANK: BO on monthly TF so good returns on this sector as a whole can be expected.
#AXISBANK: Although nearing BO, it might consolidate a bit before continuing the trend.
#PSUBANK: BO on monthly TF so good returns on this sector as a whole can be expected.
3/ATH in #BANKNIFTY
From the above charts we can see all the banks are either near ATH or already trading at ATH.
Infact even the PSU Bank sector has given a BO on monthly TF.
From the above charts we can see all the banks are either near ATH or already trading at ATH.
Infact even the PSU Bank sector has given a BO on monthly TF.
#PreMarketCapsule | 6th September, Tuesday | Edition: 35
In the thread⬇️
1. #Nifty Range and Breadth
2. #Banknifty range and Breadth
3. #Sector Breadth
4. #FII Derivative Activity
5. #Summary of the analysis
In the thread⬇️
1. #Nifty Range and Breadth
2. #Banknifty range and Breadth
3. #Sector Breadth
4. #FII Derivative Activity
5. #Summary of the analysis
#PreMarketCapsule | 5th September, Monday | Edition: 34
In the document ⬇️
1. #Nifty Range and Breadth
2. #Banknifty range and Breadth
3. #Sector Breadth
4. #FII Derivative Activity
5. #Summary of the analysis
In the document ⬇️
1. #Nifty Range and Breadth
2. #Banknifty range and Breadth
3. #Sector Breadth
4. #FII Derivative Activity
5. #Summary of the analysis
Have you ever felt that you have lived the present situation before? Its called #Déjàvu. Right now I'm experiencing this moment in the markets. #PSUBanks are going through tough times. But this isnt new. They were in a similar situation back in 2016. (1/n)
#PSUBanks were dealing with NPA's and losses in Mar 2016. Their troubles are amplified after the #COVIDー19 outbreak. But it seems worst is over. Here's a weekly chart of #NiftyPSUBank index. (2/n)
#PSUBanks are forming bullish divergence in #RelativeStrengthIndex(RSI) on weekly charts. #RSI is a momentum indicator. Bullish divergence in it indicates that ongoing downtrend is losing steam. It doesnt guarantee a reversal but increases the chances. (3/n)
#PSUBANK index - beaten down and oversold makes a case for mean reversion from here.
#PSUBANK Index is up +3% already from observed level in 3 hours.
Updated chart as of today #PSUBANK Index
