CSB BANK - LONG

CSB BANK LTD - 1W NSE
Symbol: CSB BANK
Current Price: 318.20
Change: +7.50 (+2.41%)

Technical Analysis:

This could be a great entry point for CSB BANK! It's currently sitting in the golden zone of the Fibonacci retracement (around the 0.618 level) AND at the lower end of the channel. We could see a bounce from here back up to the upper channel trendline. Keep an eye on those trendlines as they're likely to act as resistance levels.

Possible Scenario:

Bullish: A break above the trendline resistance could signal a continuation of the uptrend.
Bearish: Failure to break above the trendline resistance could lead to a further pullback.
Disclaimer: This is not financial advice. Please do your own research before investing in any stock.

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