A
decisive break, preferably with increasing
volume, is considered a confident start of a rising trend. The stock is
testing support at rupee 2680. This could
give a positive reaction, but a downward
breakthrough of rupee 2680 means a
negative signal.
The stock is overall
assessed as technically positive for the
medium long term.
We are equally bullish on HDFC Bank which is giving a breakout in hourly chart and can target Rs 1800/1900 level with a one year time frame.
You can add both these stocks as a systematic investment plan as these two stocks are loved by FIIs. The EPS can be seen below:
Make money using our bank nifty option intraday tips on a daily basis.
