Psubanks
A clean breakout and retest setup in Bank of MaharashtraThis trade is pretty simple. Nothing much to say beside keep an eye on volumes as volume expansion can add to the view and provide more confidence while entering.
Another important point is that the stock belongs to the second best performing sector(PSU BANKS) of 2023.
CMP 44.7
SL 42
TARGET 52(15%)
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Rising Channel
📌 Symbol/Asset: Bank Of Baroda
🔍 Description: The PSU Bank sector is on fire, Bank Of Baroda is on Linear scale support, in case of bounce back it can touch 220 to 258 levels.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Why one should add longs/invest in banknifty!!The banknifty has exited its rectangle channel pattern at the end of a volatile week.
After today's amazing run, especially in PSUs, one might add long by keeping the SL of 42800 in the Banknifty.
A strong surge is expected in the next few days because all the good and large banks are supporting this movement.
Bankbees can be purchased to ride the rally🚀. (Recommended)
One can choose to go with options and futures as well, but the risk is also very big there, so one needs to prioritise safety first.
Don't forget to follow;)
Follow for your learnings✌️
SBIN - Bullish Price Action Analysis NSE:SBIN has already activated Harmonic PRZ 1.272 level in weekly timeframe of the target price 583.
BUY:
if price sustains above 520-522.
SELL:
if it not sustains above 520. you may get some profit booking up to 475.
Chances are more in favor of buyers to make new All time high so do accordingly.






















