Title
by Americanbulls.com LLC
Last Update
22-03-2019
^CNXPSUBANK
NIFTY PSU BANK INDEX
Last Signal: SELL
Last Pattern: BEARISH THREE GAP UPS
Last Close:
3,124.2000
Change:
-65.8500
Percent change
-2.06%
Signal Update
Our system’s recommendation today is to SELL. The BEARISH THREE GAP UPS pattern finally received a confirmation because the values crossed below the confirmation level which was at 3,183.8750, and our valid average selling value stands now at 3,168.3050. The previous BUY signal was issued on 20-02-2019, 30 days ago, when the index value was 2,724.1500. Since then ^CNXPSUBANK has risen by +16.30%.
Market Outlook
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet. more...


Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This is a four day bearish reversal pattern. It consists of three consecutive days each gapping higher on the open. After Three Gap Ups the market becomes extremely overbought and ready for the reversal of the current uptrend. more...
Signal History
Date 
Price 
Signal 
 
INR100⇨ 
22-03-20193,168.3050SELL 105.52
20-02-20192,724.1500BUY 91.37
05-02-20192,910.2000SHORT 87.09
31-01-20193,014.6400BUY 91.49
15-01-20193,151.1000SELL 92.13
08-01-20193,140.3300BUY 92.46
03-01-20193,062.4300SELL 93.11
26-12-20183,062.1500BUY 93.76
21-12-20183,035.3400SELL 94.42
11-12-20182,853.4600BUY 89.39
04-12-20182,904.8000SHORT 89.08
27-11-20182,958.2300BUY 92.00
20-11-20182,936.6200SELL 92.65
15-11-20182,939.5600BUY 93.40
09-11-20182,928.4500SELL 94.06
30-10-20182,791.9200BUY 90.31
22-10-20182,672.3900SHORT 95.88
10-10-20182,729.0350BUY 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
INR100⇨ 
22-03-20193,168.3050SELL 85.36
20-02-20192,724.1500BUY 73.91
05-02-20192,910.2000SHORT 70.45
31-01-20193,014.6400BUY 74.01
15-01-20193,151.1000SELL 74.53
08-01-20193,140.3300BUY 74.80
03-01-20193,062.4300SELL 75.33
26-12-20183,062.1500BUY 75.85
21-12-20183,035.3400SELL 76.38
11-12-20182,853.4600BUY 72.31
04-12-20182,904.8000SHORT 72.06
27-11-20182,958.2300BUY 74.42
20-11-20182,936.6200SELL 74.94
15-11-20182,939.5600BUY 75.54
09-11-20182,928.4500SELL 76.07
30-10-20182,791.9200BUY 73.03
22-10-20182,672.3900SHORT 77.53
10-10-20182,729.0350BUY 80.29
19-09-20182,889.2800SHORT 77.15
14-09-20183,096.2000BUY 83.84
04-09-20183,267.5700SELL 84.43
17-08-20183,176.0400BUY 82.64
13-08-20183,159.8300SELL 83.22
08-08-20183,281.3000BUY 87.03
02-08-20183,178.9000SELL 87.64
20-07-20182,802.3500BUY 77.80
13-07-20182,777.9700SHORT 79.60
09-07-20182,805.0200BUY 81.51
15-06-20183,085.1600SELL 82.08
06-06-20182,900.3150BUY 77.71
01-06-20182,938.3500SELL 78.26
22-05-20182,740.9700BUY 73.52
16-05-20182,741.0900SHORT 74.56
08-05-20182,870.6400BUY 79.19
04-05-20182,784.4000SHORT 82.88
30-04-20182,852.1100BUY 86.10
11-04-20183,041.5700SELL 86.71
06-04-20183,014.1400BUY 86.53
02-04-20182,864.3400SHORT 92.60
27-03-20182,912.5000BUY 95.49
22-03-20182,842.2100SHORT 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
INR100⇨ 
22-03-20193,168.3050SELL 93.12
20-02-20192,724.1500BUY 80.63
05-02-20192,910.2000SHORT 76.86
31-01-20193,014.6400BUY 80.75
15-01-20193,151.1000SELL 81.32
08-01-20193,140.3300BUY 81.61
03-01-20193,062.4300SELL 82.19
26-12-20183,062.1500BUY 82.76
21-12-20183,035.3400SELL 83.34
11-12-20182,853.4600BUY 78.90
04-12-20182,904.8000SHORT 78.63
27-11-20182,958.2300BUY 81.21
20-11-20182,936.6200SELL 81.78
15-11-20182,939.5600BUY 82.44
09-11-20182,928.4500SELL 83.02
30-10-20182,791.9200BUY 79.71
22-10-20182,672.3900SHORT 84.62
10-10-20182,729.0350BUY 87.64
19-09-20182,889.2800SHORT 84.21
14-09-20183,096.2000BUY 91.52
04-09-20183,267.5700SELL 92.17
17-08-20183,176.0400BUY 90.22
13-08-20183,159.8300SELL 90.86
08-08-20183,281.3000BUY 95.02
02-08-20183,178.9000SELL 95.69
20-07-20182,802.3500BUY 84.95
13-07-20182,777.9700SHORT 86.91
09-07-20182,805.0200BUY 89.00
15-06-20183,085.1600SELL 89.63
06-06-20182,900.3150BUY 84.85
01-06-20182,938.3500SELL 85.45
22-05-20182,740.9700BUY 80.27
16-05-20182,741.0900SHORT 81.40
08-05-20182,870.6400BUY 86.45
04-05-20182,784.4000SHORT 90.48
30-04-20182,852.1100BUY 93.99
11-04-20183,041.5700SELL 94.65
06-04-20183,014.1400BUY 94.46
02-04-20182,864.3400SHORT 101.08
27-03-20182,912.5000BUY 104.23
22-03-20182,842.2100SHORT 108.39
13-03-20182,910.8500BUY 112.58
29-01-20183,739.3600SELL 113.37
19-01-20183,708.6500BUY 113.23
02-01-20183,672.3500SHORT 115.98
18-12-20173,770.8800BUY 120.78
13-12-20173,756.6900SHORT 122.95
05-12-20173,832.3000BUY 127.20
29-11-20173,965.1400SELL 128.10
10-11-20173,858.8800BUY 125.55
07-11-20173,854.3500SELL 126.44
24-10-20173,053.7000BUY 100.88
11-10-20173,059.3750SHORT 102.12
06-10-20173,062.7800BUY 103.68
11-09-20173,218.9000SHORT 100.28
24-08-20173,323.0500BUY 104.99
09-08-20173,555.6500SELL 105.73
07-08-20173,629.3300BUY 108.68
03-08-20173,552.9500SELL 109.45
24-07-20173,551.8000BUY 110.19
20-07-20173,508.3500SELL 110.97
03-07-20173,319.9000BUY 105.75
12-06-20173,478.7700SHORT 102.56
07-06-20173,538.7100BUY 105.80
18-05-20173,763.4800SELL 106.55
16-05-20173,776.8000BUY 107.68
09-05-20173,741.9000SELL 108.44
24-04-20173,523.0000BUY 102.82
19-04-20173,512.9300SELL 103.54
11-04-20173,525.2300BUY 104.64
07-04-20173,503.4300SELL 105.38
24-03-20173,278.0500BUY 99.30
† Trade commissions are taken as 0.70%.

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