After Canara Bank the other bank PSU banks are also showing strength.
Bank of India had one of its best quarters in many years.. and the stock could now be breaking out of a downward channel.
The stock has already crossed above its 200EMA and also AVWAP of this entire fall..
As long as the stock stays above 59 its a solid medium term investment. (Deep SL coz its more an investment grade stock than just a quick fire trade)
IF your looking to trade it then SL would be 62.
Bank of India had one of its best quarters in many years.. and the stock could now be breaking out of a downward channel.
The stock has already crossed above its 200EMA and also AVWAP of this entire fall..
As long as the stock stays above 59 its a solid medium term investment. (Deep SL coz its more an investment grade stock than just a quick fire trade)
IF your looking to trade it then SL would be 62.
