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Finkhoz Roboadvisory Services

21st Jan · SEBI-Registered Analyst

CREDITACC
Bullish Structure Intact Despite Consolidation

CREDITACC
continues to maintain a bullish bias, with the broader trend still positive despite the recent sideways consolidation. The stock is holding well above its long-term support zone near ₹1,075–1,100 and remains comfortably above key moving averages, suggesting dips are being bought into. ADX near 19 signals a pause rather than a trend reversal, indicating healthy consolidation after a strong upmove. A sustained move above the ₹1,360–1,380 zone could trigger the next leg higher, while downside appears protected as long as the stock stays above major support levels.

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