Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
View Regular
Sumit Verma Profile picture
Sumit Verma
@sumitverma29
Trader. Analyst. Studying markets since 2008. Intermarket and Sentiment analysis. Trend follower. Exploring quants. Problem solver. Food lover. Movie buddy.

Oct 9, 2019, 7 tweets

#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

#PSUBANK Index +7% till now since start of this thread... appropriate mean reversion would be a breach of 2600 levels.. (CMP 2307).. still a long way to go.

(view will be negated if previous week's low is breached)

#PSUBANK Index CMP 2301.. Maintain Bullish stance.. revise SL for Bullish view 2170 (current week's low)

#PSUBANK Index CMP 2420... Maintain Bullish stance..

(Bullish since 2152.. +12% move done already)

#PSUBANK Index CMP 2532 (nearly 18%+ now)

It was a MEAN reversion trade.
MEAN is at 2600

Its ok to leave the last leg.

Share this Scrolly Tale with your friends.

A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.

Keep scrolling