Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "PSU banks are giving us bullish head and shoulder patterns. These patterns are significant; they are telling us that a reversal of trend is taking place. A trend that was down all the way, at least for some time that trend is reversing on the upside.""Canara Bank is a buy. Punjab National Bank (PNB) and Bank of Baroda (BoB) are all opportunities but Canara Bank had the neatest chart for today. I think it is not only a day trade; you look to buy and hold it for some time. PNB and Bank of Baroda are giving us the same pattern," he said.
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