BankIndia Breakout.
Updated
PSU banks have underperformed in july and expected to outperform in August. BankIndia was over-beaten stock and have shown strength from the bottom in late july. Bankindia will be my first pick to play PSU cards in august.
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Retested its breakout levels today after bad results. If took support from these levels then we can see another lag of rally leading it to 115 levels.
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