Psubanks
Bank Nifty situation is little critical, take a lookHello Guys,
1) With multiple issues popping on like DHFL 2) no much actions taken after IL & FS 3) more conversions from Debt to Equity like SBI's JetAirways deal 4) Farmers loan waivers
Considering these points, PSU's Banks situation is not good so it will look correction.
Plotted a H& S targeting to H&S neckline, we can review after the Neckline break.
Trade on break of trendline :) Good luck with your trades.