MTF Stock Pick Buy CSB Bank Ltd For Target Rs. 430

28/06/2021 12:54:13 PM | Source: HDFC Securities Ltd

MTF Stock Pick Buy CSB Bank Ltd For Target Rs. 430 - HDFC Securities

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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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