PSU Banks on Fire! Is This the Perfect Time to Invest - 22.03.2025
PSU Banks on Fire! Is This the Perfect Time to Invest - 22.03.2025
PSU Banks on Fire! Is This the Perfect Time to Invest - 22.03.2025
PSU Banks on Fire! Is This the Perfect Time to Invest - 22.03.2025
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant Key factors affecting & reasons:
- Strong recent rally with a sharp uptrend in 2023-2024.
- Price recently corrected but found support near the 50-day moving average.
- High trading volume, indicating strong participation from institutions.
- Macro factors such as government policies, interest rates, and credit growth influencing PSU banks.
Key watch:
- RSI: 46.08 (Neutral, neither overbought nor oversold).
- ADX: 31.04 (Moderate trend strength).
- MACD: Negative divergence, indicating a short-term correction phase.
- CCI: 66.12 (Mild bullish momentum).
Volume analysis:
- Recent high volume during the uptrend suggests institutional accumulation.
- Any surge in volume along with price movement will confirm trend continuation.
Dow theory chart analysis & observations:
- Long-term breakout observed in 2023, leading to strong upward momentum.
- Price has pulled back but still remains in an overall uptrend.
- Support levels around 4500-5000 (200-day MA and key trendline support).
- Resistance around 6800-7000 based on previous highs.
Stocks to watch:
- Leading PSU Banks: SBI, Bank of Baroda, PNB, Canara Bank.
- Mid-cap PSU banks showing strength and potential breakouts.
Market insights:
- Short-term view: Pullback in progress, watch for consolidation before the next up move.
- Long-term view: Bullish trend intact, strong PSU banking growth expected in the coming years.
Disclaimer : This analysis is for educational and informational purposes only. It does not constitute financial advice. Please conduct your own research before making investment decisions.
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