An approximate horizontal trend channel in the medium long term is broken up. Continued strong development is indicated, and the stock now meets support on possible reactions down towards the trend lines. The
Stock has also broken an inverse head and shoulders formation. A decisive break of the neckline at approximately 147 will signal a further rise to 193 or more. The stock is testing resistance at rupee 152. This could give a negative reaction, but an upward breakthrough of rupee 152 means a positive signal.
Make Money using our bank nifty trading tips on a daily basis.
The RSI curve
shows a rising trend, which could be an
early signal of the start of a rising trend for
the price as well. The stock is overall
assessed as technically positive for the
medium long term.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
