PSU Bank index is at the cusp of multi -year breakout . Beneath the surface, there are many interesting chart developments wherein stocks have either surpassed or on the verge of taking out their multiyear/multi quarter trading range indicating turn around after multiyear under performance . Such formations are usually followed by significant rallies in subsequent quarters . In this edition, we are covering companies exhibiting such turn around chart patterns . PSU banks have seen a strong turnaround across parameters – credit growth, asset quality and profitability . Despite decadal high growth and best asset quality which is expected to continue ahead, valuation remains relatively subdued .