Banking stock below Rs 50 breaking out: Single-digit PE stock breakouts - don't miss the action!
Banking stock below Rs 50 breaking out: Single-digit PE stock breakouts - don't miss the action!

Banking stock below Rs 50 breaking out: Single-digit PE stock breakouts - don't miss the action!

Karan Dsij Article rating: 4.2

With this robust move, the stock has registered a resolute breakout of almost a 4-month stage-2 consolidation, signaling the resumption of an upward trend and presenting a fresh entry opportunity. The depth of the consolidation is about 23 per cent, and the stock is trading above all the short and long-term moving averages, which are trending upward in a desired sequence.

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