yes bank share which is in down trend since past year and consolidating in lowest range (16-10)for few months . it try to close above 200 dma with 50 dma crossing above 200 dma few months back around 15.50 roughly but not sustained.
now price closes above 200 dma since few days and now just near to cross 50 dma crossing 200 dma . with some kind inverted pattern but tech indicators trend /individual stock trend fundamental/ sector trend/ one need to cautiously observe and its sustainable move . so no view . posted as only to learn technical analysis through sharing. market risk always there and so of one’s with there decission. so aways confirm techno funda before any action .no one responsible for anyone profit or losses.
now price closes above 200 dma since few days and now just near to cross 50 dma crossing 200 dma . with some kind inverted pattern but tech indicators trend /individual stock trend fundamental/ sector trend/ one need to cautiously observe and its sustainable move . so no view . posted as only to learn technical analysis through sharing. market risk always there and so of one’s with there decission. so aways confirm techno funda before any action .no one responsible for anyone profit or losses.
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