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Tag Archives: PSU Banks

Recent Bearish Price action setup of Trapped traders in Bank of Baroda Shares

A Bearish Price action saga in PSU Banks

By Trading Predator February 19th, 2018 No Comments

Public Sector Banks are crumbling under bear’s grip, Shares of Major PSU banks are trading lower as they continue to take the hit post PNB Scam. As Charles Dow (the famous forefather of Technical analysis and Inventor of Dow theory) once said “Prices discount everything”, Price action of many Bank shares reflected the Bearish sentiment.

Nifty PSU Bank Index - Price action rallied after recapitalization plan

PSU Banks – Price action shows the Optimism of Government Stimulus

By Trading Predator October 25th, 2017 No Comments

On pleasant Wednesday morning, when traders just started the day, markets took them to edge of their seat. Government owned banks rallied massively, NSE Nifty PSU Bank Index (Index composed of major PSU banks and tracks the overall performance of PSU Banking sector) soared 24% intraday. Bank Nifty Index, SBI, PNB, Bank of India and