There is a momentum with railway stocks, IRCTC bumper listing plus RITES giving huge returns. The stock is now retesting with lower volumes and looking at the candles near the retest zone, one can safely assume that either the consolidation is going to happen or uptrend will continue.
One can keep a stop of anything below 255-256
The chart clearly shows that the pair after a long downtrend breached the resistance trend line
It is going to retest the resistance in which the pair is going to create the lower highs after that
long after the trend line retest bullish candle formation
PFC- As I have mentioned in charts, PFC broke its resistance area after consolidation, and retested same area today, At breakout there were good volumes Jump and Today also one can see Volumes bump at the same time we can see RSI had crossed 60 levels and at the time of retest it took support at 60 levels which is strong bull sign. One Can Go Long for 163-168...
One of the best stock in banking sector for trading and also for portfolio permanent membership as per my reading about stock movement and managements future projection. Stock is in nice up trend which has started from 600 level. Stock is trading in a narrow range after breaking out of its three digit mark. After making its life time high stock price has retrace...