abhinavjain97

Accending triangle BO with multiple confirmations!

abhinavjain97 Uppdaterad   
NSE:INDIANB   INDIAN BANK
Chart is self explanatory with multiple factors in line with the breakout, a Bullish Pattern with increasing volumes and a EMA cross-over which is confirmed bullish RSI. As the pattern was advancing sellers tried to lower the price but buyers resumed the buying in between stating clearly that we are in control, with multiple rejections on resistance and support the stock has finally broken out free and is ready to resume the upside trend.
Kommentera:
Retest from trendline. Good oppotunity to enter. Moreover, PSU Bank Index is very bullish!

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