The Stock is looking like coming out from wave 4 correction and is in the right demand zone, ready for its next move up towards 225 zone(25% from CMP).
It should also be noted that the Bank had announced its results on 4th of November and posted solid Stand Alone Net Profit of Rs.42.53B vs Rs.33.13B(YOY).
190 is the crucial support for the stock and 185 can be used as a SL.
CMP - 191.25
SUPPORT - 190
SL - 185-186
TARGET - 220-230
It should also be noted that the Bank had announced its results on 4th of November and posted solid Stand Alone Net Profit of Rs.42.53B vs Rs.33.13B(YOY).
190 is the crucial support for the stock and 185 can be used as a SL.
CMP - 191.25
SUPPORT - 190
SL - 185-186
TARGET - 220-230
Commentaire:
sl trailed to 193