PSU Bank Index Weekly Chart
Bang !!! Bang !!! PSU Banks butchered literally ....
Is this the time to be Buying PSU Banks selectively or still more pain left is the question ?
Sentimentally it has been fed to public that PSU Banks will vanish and will not exist in future?
Technically .... What are charts suggesting in PSU Bank Index ???
Today index on daily chart is forming an hammer pattern .... The closer of pattern indicates the halt of down trend ....
The Wave counts hold true we might have a stellar short covering even on worst case scenario and the best case scenario would be start of mother of Bull run of Wave III ....
Keep fingers crossed wait for confirmation and be in selective stocks is the key .....
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