The price of this bank had formed a peak at Rs 1,705 in October 2021 and has tested the level a few times. Now, the price has breached a horizontal-trendline resistance and given a multi-year breakout. Since June 2022, the price was rising gradually and forming higher lows, which is a sign of an upside. It is worth noting that the volume has increased considerably recently, which supports our bullish observation on price.
