Chart Check: The private sector banking stock gave a breakout above rectangle pattern; time to buy?

August 9, 2022

The supertred indicator triggered a buy on 6th July 2022 on the daily charts. The stock moved in a tight band of 150 points where 1420 acted as a stiff resistance while on the downside 1280-1300 acted as a support.The stock broke out from the said pattern earlier in August and is sustaining above the support line which is a positive sign.

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