Break out and retest done with good volume spikes and bullish indication from moving average.
Events :
- surprise earnings +
- Double dividend +
Downside side : -
Banking sector is too much dependent on governance and social environment. Though, No negative news have been rotating in the market, its still a bit controversial stock.
Entry - cmp
Stoploss - 43.61
Trgt - Wait and see if it break above 48 and hold for medium term later. Book profit as per your risk reward appetite.
Events :
- surprise earnings +
- Double dividend +
Downside side : -
Banking sector is too much dependent on governance and social environment. Though, No negative news have been rotating in the market, its still a bit controversial stock.
Entry - cmp
Stoploss - 43.61
Trgt - Wait and see if it break above 48 and hold for medium term later. Book profit as per your risk reward appetite.