Nifty Bank eyes bullish breakout on charts; check support, target and more

Quick Summary:

It should not be construed as a recommendation to purchase or sell such securities.1 out of 6 Nifty 500 stock falls over 20%; Time to worry or cherry pick?

For optimal trading, keeping these levels handy and waiting for a confirmed breakout before accumulating positions at dips may yield strong returns.

Given this setup, the most effective strategy would be to buy on dips, as indicated by technical signals from RSI and near-term EMA trends that support continued upward movement.

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Category: BusinessFinance

Markets: India

Topics: Nifty charts Tech calls Nifty chart analysis Nifty private bank Technical charts Nifty bank Bse Outlook Nse Nifty psu bank Stock calls Technical analysis

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Article Type: News Report

Published On: 2024-10-30 @ 07:25:48 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 438 words

Reading Time: 3 minutes read

Sentences: 18 lines

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Copyright Owner: © Business Standard

News ID: 23333904

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