Breakout above ₹119.50 with strong volume confirms momentum.
Entry Zone: Near breakout (₹119.50–122)
Stoploss: ATR-based, just below breakout (~₹116)
Targets: ₹129.40 → ₹136.40 (Fib extension)
Macro Drivers:
Hopes of RBI rate cuts after Fed dovish stance
Stronger economic data supporting financials
Robust domestic credit growth
GST boost to liquidity
PSU Bank sector leadership
👉 Setup looks solid for continuation, provided volumes sustain.
Entry Zone: Near breakout (₹119.50–122)
Stoploss: ATR-based, just below breakout (~₹116)
Targets: ₹129.40 → ₹136.40 (Fib extension)
Macro Drivers:
Hopes of RBI rate cuts after Fed dovish stance
Stronger economic data supporting financials
Robust domestic credit growth
GST boost to liquidity
PSU Bank sector leadership
👉 Setup looks solid for continuation, provided volumes sustain.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.