BANKINDIA (BANK OF INDIA) – Diwali Pick
- PSU Banking stocks have been under consolidation since a very long time. BANKINDIA has seen good amount of accumulation since last few weeks.
- Running Triangle breakout seen on daily charts along with increase in cash volumes since last three days. Sustenance above 185 can push the stock beyond 200 levels.
- Trade with a positive bias above 185; Targets at 200/210/220; CMP 187.50; SL Close below 178