The CNXPSUB (NIFTY PSU Bank) index looks bullish as it is above 60 on a monthly, weekly & daily RSI. It has almost reached the target of the previous cup pattern on a daily time frame and just broke the neckline of the new cup. If you noticed, it also broke the neckline (5375 levels) of nearly 13 years of the cup monthly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.