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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Midcap, smallcap valuations still overpriced despite recent correction: Shibani Sircar Kurian

The private sector banks, particularly large-cap ones, appear to have valuations that accommodate current headwinds. Large-caps offer attractive investment opportunities compared to mid-caps and small-caps,

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Nifty faces resistance at key levels, downtrend likely to continue: Rohit Srivastava

Similar levels would be closer to around 49,100 to 49,200, I think in that range we should see resistance going forward and probably another leg

January 15, 2025

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