CNX PSU BANK
It looks good time to be long on PSU banks. Index is moving in a channel for almost 2 years. Index once again visited the bottom of the channel. It looks index formed a base there and ready to move up. Yesterday Index moved above 12 Dema and also closed above the trend line. PSU banks looks bullish for short term. Index may see 2791 levels.
Index breaking of this channel may not be good for PSU banks.
It looks good time to be long on PSU banks. Index is moving in a channel for almost 2 years. Index once again visited the bottom of the channel. It looks index formed a base there and ready to move up. Yesterday Index moved above 12 Dema and also closed above the trend line. PSU banks looks bullish for short term. Index may see 2791 levels.
Index breaking of this channel may not be good for PSU banks.
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