The Financial Services sector has been displaying resilience. Within this universe, there are certain stocks that are showing strength and moving past their resistance.
Let’s see what the charts have to say!
With the breakout in Nifty 50, several indices have resumed their trend on the upside. Financials is another sector that has been hinting at the same.
In this post, we’re also going to take a look at some of the lesser discussed stocks in Financials.
Here are some stocks at crucial levels.
First up, we have Cholamandalam Financial Holdings. The stock has moved past its resistance of 620 and is on the way to the target! After halting at the overhead supply zone for quite some time, the price broke out along with the indicator moving into bullish momentum territory.
We are positive above the level of 620, with a target near 780.
Click on chart to enlarge view.
One stock that has been on the radar is BSE. The price witnessed a phenomenal move a couple of weeks back and has managed to hold on to the highs made. We can see a big base breakout in this particular chart that has been in place for three years. We’re always happy when we see smiley faces! The indicator making itself comfortable in the bullish momentum territory is another positive.
We are bullish above the level of 830, with a target close to 1,180.
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