Corporation Bank ( CORPBANK ) is having a strong potential upside. The chart explains all of it.
Firstly, The large traded made the prices reach the local maximum of Rs . 29+.
Then we see a flat consolidation phase.
And now finally, there is a new technical breakout.
The stock has potential to reach 35 in less than 24 candles, which would be approximately 37% returns from now.
Other than that, there are technical indicators like & explaining a good time to enter and enjoy the uptrend.
The rally might slowdown at about 29, reaching the multiple highs, but the potential is to break above the multiple tops.
Over the time it reaches and breaks above 29, we will be sure of the pattern "Head & Shoulders" and thus the Long Position fruitful.
All the best & Enjoy with the rally.
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