Indian Bank
Largo

INDIANB : rear Broadening Wedge Pattern Breakout @ ATH

275
Indian Bank stock is showing a very rear Broadening Wedge Pattern Breakout @ ATH good sign to the stock.. and the noted thing is it's happening on monthly chart...

All data is available in public domain..

CMP : 646
TG : 890
SL : close Below 9 EMA

Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery .
3: Technical : 21/55/200-EMA, Super trend up, RS>0 RSI.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.

Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk.
Please consult your financial adviser before taking any decision.

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