MTF Stock Pick Buy CSB Bank Ltd For Target Rs. 430 - HDFC Securities
MTF Stock Pick Buy CSB BANK Ltd For Target Rs. 430 - HDFC Securities
TECHNICAL OBSERVATIONS
Stock has broken out from the horizontal channel pattern on the daily chart
Stock has surpassed the double top crucial resistance placed in the range of 344-346
Volumes during the breakout remained significantly higher than its 10 day’s average volumes
Primary trend of the stock has been bullish as stock has been forming higher tops and higher bottoms on the daily and weekly charts
Stock is placed above medium to long term moving averages, indicating bullish trend on all time frames
Indicators and oscillators on daily and weekly charts have turned bullish
Buy CSB Bank Ltd Up to 3 Months @ Average Level 315 CMP 348.15 TGT 430 SL 306
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