Indian Bank attempted the multiyear breakout at the level of 430-390. At this level indian bank attempted a breakout on monthly chart and than comes in a consolidation. Formed Doji & Shooting Star which symbols a consolidation within a range.
Further stock needs to give breakout and close above the previous two months levels i.e 460.
Volume spark and than consolidation while being in a up trend shows a slow accumulation in a stock.
Re-Test level is 380-390
Further stock needs to give breakout and close above the previous two months levels i.e 460.
Volume spark and than consolidation while being in a up trend shows a slow accumulation in a stock.
Re-Test level is 380-390