ANZ BANK -TECHNICAL ANALYSIS

ANZBANK

Australia and New Zealand BankingGroup Limited (ANZ)The technical looks that the major trend is bullish is short term price trending to downside, after forming double bottom recently we have bullish breakout which momentum start uplifting the stock price, after the bullish breakout short term support zone will be formed at 28, chart showing short term buying pressure in weekly chart which show bullish momentum, anticipation for upside for long term.

BUY PRICE:28, STOP LOSS:25.50, TAKE PROFIT:39.85, TIME SPAN:1YEAR

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