hisah wrote:lochaz-index wrote:karasinga wrote:on my watch list. not in any order
1. keno
2. cable
3. nic
4. nmg
5. sg
6. kegn
7. cic
8. eabl
9. uchm
10. msc
11. hfck
12. scom.
13. arm
note: all banks are bound to make another leg down(hopefully the last leg).
Interesting. Even TA analysis suggests that banks are due for another beating. Good to know.
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That looming down leg in the banking sector is what will make NSE20 break below 3000, which will make me relook the bottom expectation. I wonder how many will be able to handle that downside carnage with a straight face as as capitulation kicks in. The best scenario in the next downleg for the banks is a prolonged bidless period to flash out everything before a solid base forms!
@kasaringa, it seems NMG wants to test the GFC lows before it reacts. The metrics are so oversold which means a sharp bounce is highly likely in order to reset the metrics. If there isn't any rebound before march next year, then this thing gone stink to the high. Many banks are doing their fy end repos by then before flood gates are set open. The after shock shall knock senses of the entire NSE as discounts turns premium again. Real golden handcuffs this maybe.
On the contrary a mini bull rally may resurface before a final leg of atrocities begins. Keenly watching
,Behold, a sower went forth to sow;....