It is dare to touch banking stocks after RBI event still Indian Bank looks strong among PSU banks. Positional buy set-up: One can buy for target of 320, 340 & 360. Stoploss can be placed around 300.
Note
Use dips to enter till 300
Trade active
SL shall be 295
Trade active
Note
Sharp bounce will it move from here
Note
On 15 mins chart C&H pattern formed.
Note
Crossing 312 is essential now
Note
It took 295 level support; visible on hourly chart. Now it must take 312 and closing above.
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