linkedin facebook twitter gplus

CNX PSU BANK

BUY@CMP 2174,TARGET, 2395,2455,2555, Stop loss 2040,2050,


Analysis: CNX PSU BANK has shown strong trend line reversal from the lower level of 2085, its look like the negative trend is all over now and new positive trend has started in CNX PSU BANKING Sector. 

    On Weekly & Monthly basis its making a triangle pattern and the range is getting narrow from the upside 3500 to downside 1925.The RSI Indicator is rising from the oversold level to upside range this could be a good sign for the upside target level of 2500 -2670 and 2100 level would be a support level can play important role. As per our analysis we have bullish view on PSU BANKs and in coming period PSU BANK could be touch new positive levels such as 2500, 2700 the stop of this trade is 2040,2050.
 
SBI, BOB, PNB, SYNDICATE Bank, can be outperformers.




(10.02.2014)


CNX PSU BANK



























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

Website Maintenance By : Aarav Infotech
All Rights Reserved By ntdtrading © 2016.