CSB BANK LTD ANALYSIS

FOR LEARNING PURPOSE

CSB BANK LTD - The current price of CSB BANK LTD is 427.10 rupees

I am going to buy this stock because of the reasons as follows-

1. Its coming out from a good consolidation base

2. It broke a strong resistance zone and it's making a new ATH and retested that level last week.

3. It is showing better relative strength as it stood strong in volatile times including last week.

4. The risk and reward is favourable. The good part- The stock is not extended.

5. The stock belongs to a sector which is quite strong i.e, Private Banks. The sector is in the consolidation after making new highs

6. The stock has done almost nothing in last 6 years i.e, it got listed in 2019 so it's more a laggard which is trying hard to do something now.

I am expecting more from this in coming weeks
I will buy it with minimum target of 35-40% and then will trail after that.
My SL is at 387.45 rupees
I will be managing my risk.