CSB BANK LTD ANALYSISFOR 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.
CSBBANK
CSBBANK : Swing Pick#CSBBANK #BREAKOUTSTOCK #trendingstock
CSBBANK : Swing Trade
>> Breakout Candidate
>> Trending stock
>> Good strength & Volume
>> Good Upside Potential
Swing Traders can lock profit at 10% and keep trailing
Disc : Stock Charts shared are for Learning purpose and not a Trade recommendation.
Consult a SEBI Registered Advisor before taking position in it.
CSB Bank Short Term ViewBreakout above 365 on Closing basis.
Volume:
Volume is less than previous session by 12.67%.
Volatility:
ATR% of the stock is 3.46%
Average of last 20-day is 4.01%
Moving Average Observations:
Price remains above 200-day Moving average.
Price above 50-day, 100-day and 200-day Moving average.
RSI Observations:
The Daily RSI indicator has remained above 50. This is a bullish zone. Current Daily RSI reading is 60.95.
The Weekly RSI indicator has remained above 50. This is a bullish zone. Current Weekly RSI reading is 64.27.
The Monthly RSI indicator has remained above 50. This is a bullish zone. Current Monthly RSI reading is 58.48.
ADX Observations:
The Daily DMI position remains bullish.
The Daily ADX fell by -1.36%. Current ADX reading is 19.03.
The Daily distance between DMI lines is 27.01%.
The Weekly DMI position remains bullish.
The Monthly DMI position remains bullish.
Donchian Channel Observations:
Price is above middle Donchian channel (Bullish).
Bands are flat.
Difference between bands is 10.68%.
Ichimoku Observations:
Price above Ichimoku clouds.
Clouds are bullish.
Tenkan line is above Kijun line. Ichimoku setup is bullish.
Current cloud range is 1.28% and Future cloud range is 8.63%.
Bollinger Band Observations:
Price is above middle Bollinger band (Bullish).
Bands are converging.
Difference between bands is 5.29%.
CSB Bank | WTF Breakout – Can Bulls Sustain? 📈 Stock: CSB BANK LTD (NSE)
Key Breakout Signals:
✅ CT Resistance (White Line) – Broken! A solid breakout on the weekly timeframe (WTF).
✅ Hidden Resistance Cleared! The lower white trendline resistance has been taken out.
✅ Monthly Resistance Ahead (Yellow Line)! Price approaching the higher timeframe barrier.
✅ Massive Volume Surge: Buyers stepping in strongly – Friday’s close will confirm!
🔥 A classic CT-based breakout setup with strong volume! Will bulls conquer the monthly resistance? Drop your views below! 👇
Daily Bullish Flag Breakout in CSB BANKHi,
NSE:CSBBANK has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily and monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
CSBBANK | Experiment📊 Details
CSB Bank (formerly The Catholic Syrian Bank Ltd) is engaged in the business of banking Services ,oldest private sector banks in India with a history of over 98 years, and a strong base in Kerala , Bank focus on SME, retail, and NRI customers.(Source : Company Web-site )
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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Breakout alert in CSB bank.>>Stock has been in an uptrend since last year.
>>Over one year, it has been following a special trend line.
>>Since January 2023, it has slightly changed its direction and is now forming a beautiful
symmetrical triangle pattern.
>>Today, it has reached its resistance level and appears promising to break it.
>>If it breaks the trend line, we can initiate positions with a 1:1 risk-reward ratio as explained in the chart.
>>PSU banks were in the limelight today due to their exceptionally good Q1 results.
>>CSB banks also performed well, suggesting a brighter future for this stock.
'Long' on CSB Bank for Short TermCSB BANK reached a 52W high of 275.05 on 19th Dec 2022, after which it went through a correction of nearly 21%. Well, the downtrend came to an end today, when it gave a breakout from wedge pattern rising by 8.89%.
In terms of price action, the stock is trading well above all the short-term and long-term moving averages.
RSI is above 55 and MACD gave bullish crossover above its signal line today.
Based on bullish moving averages and technical indicators, it is expected that the stock's price will continue to rise towards the assigned targets, with a recommended stop loss of 238.50 on a closing basis.
CSB Bank LimitedCSBBANK:- Head and shoulders pattern has formed, keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
27/10/2021 Research Report For CSBBANK Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy at 290
Target 1: 297