This stock looks extremely bullish now for short term and positional. I can give several reasons for it: 1. Squeeze breakout on Bollinger Band with heavy Volumes. 2. RSI strong bullish 3.Neckline breakout 4.Sector Bullish 5.Several Positive News now in Banking Sector 6. Most important is very good Risk to Reward Ratio we are getting on cmp for this stock.
Thank You very much for your analysis and for the elaborated description :-) it really helped me, bro... I am going to follow you :-)
krishchandak
⋅
@amiralam, thank you bro..! but always remember this is all only on the basis of technical analysis..!! please see news regarding stock before taking any trade that will help you..!!
UnknownUnicorn10681515
⋅
@krishchandak, oh again thanks for your advice :-) but bro as you analyzed it yesterday today it made a bearish candle and there is bad news in India so due to this is this analysis still working or not?
krishchandak
⋅
@amiralam, wait for the movement now there are two conditions
1) if this fall further then it must take support at 578..!! and
2) if it moves upside then we will up towards our tgt...!!
So now at the movement wait for the confirmation. We cannot decide the trend by just one candle..!!
You are always welcome brother :-)