13 Year Mega Breakout In Psu Bank Index & Bees

5 ago

1. Prices Were Taking Resistance Where Arrow Marked
Oct 2010, Jan 2015, Jan 2018, Oct 2022

2. Got 13 Years Mega Breakout In Oct 2023 Quarter End Means On Dec 2023 End.

3. Jan 2024 Quarter Closed Above Oct 2023 Quarter Which Gave More Confirmation.

4. Now Buyers In Full Control, Prices Consolidating & Operators Kicking Out Weak Hands.


TRADE :

Buy 50% Here At Cmp - 77.92 & Rest 50% If You Get Any Dip To 62-65 Levels

SL - 48 ( Quarterly Closing Basis )

( Target 1 ) = 113
Oct 2010 Quarter High - April 2020 Quarter Low + Oct 2010 Quarter High
62.3 - 11.67 + 62.3 = 113

( Target 2 ) = 163
Draw A Fibonacci From Oct 2010 Quarter High To April 2020 Quarter Low
Retracement Level Of 3 Which Is 163 Will Be Target 2

( Target 3 ) = 226
Draw A Fibonacci From Oct 2010 Quarter High To April 2020 Quarter Low
Retracement Level Of 4.236 Which Is 119.8 Will Be Target 3

In Mega Euphoria Prices May Hit 226 Level As This Is A Multiyear Breakout.
All The Leading Psu Banks Will Be Double/Triple In Next 2-3 Years.