Stock is within 40% range since 3 years.
Ascending Triangle and 200 EMA perfect support.
CAGR of 20% of the stock has under performed till now.
Breakout can give min 30-40% returns.
Presently at good accumulation zone, with good volumes
After a deep correction Stock is likely to give good run up in this festive season. Good buying zone between 55 - 60.. Looks like accumulation zone at same price as 9 years before
The stock is consolidation since Nov 20 within almost 20% range after a Bullish phase. YoY results are increasing profits and revenues. The Bank has been paying out good Dividents and no sign if underperforming is seen. A huge breakout after consolidation phase with min 20% CAGR in coming months is highly expected.
The stock has take support from its long support and has retested at 652 mark.
Also retested the current support and formed a Bullish Candle Pattern.... Dragonfly at the top.
LUPIN a leading stock in Pharma Sector is outperforming. Currently at breakout retesting phase. Made a beautiful Flag & Pole pattern with Ascending Triangle at a crucial level.
IT sector is outperforming the market. INFY has shown strength from current levels. Flag and Pole made and the Flag has also been test and opening path for breaking ATH
