Stock is moving with Higher Low's.
Ascending Triangular Pattern breakout confirm on Weekly chart's.
Breakout candle is very strong.
MACD supportive to breakout.
MACD Indicated Positive crossover too along with Sharp Uptick in RSI.
RSI comfortably staying above 60. One can see consolidation near 50-60 zone too.
Stock has given breakout with Strong Volume Rise.
PSU BANK INDEX chart too indicating breakout is near.
Buy this stock with long term/ Medium term swing prospective.
Weekly closing above 200DEMA level, may trigger next leg of Rise.
Not giving any target's.
Stop-Loss can be weekly closing below 50DEMA or 148-150 level's.
Keep adding this stock in Pull Back's.
Ascending Triangular Pattern breakout confirm on Weekly chart's.
Breakout candle is very strong.
MACD supportive to breakout.
MACD Indicated Positive crossover too along with Sharp Uptick in RSI.
RSI comfortably staying above 60. One can see consolidation near 50-60 zone too.
Stock has given breakout with Strong Volume Rise.
PSU BANK INDEX chart too indicating breakout is near.
Buy this stock with long term/ Medium term swing prospective.
Weekly closing above 200DEMA level, may trigger next leg of Rise.
Not giving any target's.
Stop-Loss can be weekly closing below 50DEMA or 148-150 level's.
Keep adding this stock in Pull Back's.
Comment:
Book some profit ,If you are holding for swing !
Hope everyone had chance to add on pull back.