NIFTY PSU BANK (CNXPSUBANK) is looking bullish

Nifty PSU Bank index recently broke its all-time high. It also retested the 5431 (5375) level on a daily time frame. It has been making a rounding bottom pattern, a solid pattern among all the bullish patterns. The relative strength index is above 60 on weekly and monthly time frames. It has been on an uptrend for the last couple of years. There is no resistance on the upside. If we measure the deep from the neckline, we can predict the target of the same depth on the upside.