CSB Bank LTD Analyasis on 30 Mar 24
Stock Fundamental Analysis
Fundamentally strong stock
Promoter holding 49%
FII Holding 4.65%
Stock PE less than industry PE
Stock PE - 10.75
Industry PE - 11.26
CSB Bank LTD Analyasis on 30 Mar 24
Stock Technical Analysis
breakout after Jan 2021 @ 360
and support near 330 to 360
take support near weekly supertrend and 50...
Hi,
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...
DCB bank is close to a multi year breakout.
Once stock closes above 500, big targets can be expected.
Short term momentum traders can set a target of 500.
A good private sector bank with bettering fundamentals.
CSB Bank looks fundamentally strong and in good valuation too. At the same time, technically it is taking support and has probability to towards upside.
CSBBANK BO happened end of last week as shown on the chart. One big negative here is that volumes are not above average. Ideally volumes should follow a long weekly base BO. Seeing the banking sector for now, healthy charts like CUB and CSBBANK should be kept in shortlist to see if volumes catch on soon.
CSB Bank 2023
Simply pointing some point to study the CSB Bank chart.
1. Simply in a uptrend zone.
2. Broke the previous high.
3. Above 50 EMA.
4. forming higher high and higher low.
5. bullish for long.
6. Risks & Rewards (2:1)
Conclusion:
My analysis shows potential strong bullish run.
I am not a sebi registered analyst. My studies are for education purposes only.
📊 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...
CSB Bank previously known as Catholic Syrian Bank Ltd.
Analysis -
Has major income from retail group and well diversified business in terms of Income.
NIM (Net Interest Margin) which is one of the major incomes of Bank is more than 5% not even major banks have this much, very few banks are able to keep it above 5%.
If you see last 5-year profit growth is almost...
This is not an investment advice and also please note this is only for education purpose.
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 : 210 - 215
Tg : 243-260-275
CBSL : 190
Enter the trade if stock gives closing above the resistance line on a daily basis.
SL can be maintained below the Breakout candle or at previous swing low.
Green dotted line on the charts represents Eventual Targets.
>>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...
![CSBBANK: CSBBANK BO [Weekly]](https://s3.tradingview.com/k/KBmTs5S0_mid.png "CSBBANK BO [Weekly]")
