CSB 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...
The Scrip was in a corrective phase since 16th Jan 2023. It has almost corrected 28% from high of 81.75. It took support at lower trendline followed by a ' gap-up' rising 12.22% on next day. After profit booking move the stock seems ready to start its upward trend. The stock has almost minimal activity since last three months. But, after emerging as ' Lowest...
Bears took control of Bank Nifty on 07.01.2023. The Chart above shows the analysis of major resistance and support levels and how you could have planned buying PUT options trade.
The stock gave a breakout with rising volume. initiate long positions for a target of 633 on a weekly time frame.