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.
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Use dips to enter till 300
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SL shall be 295
Trade active
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Sharp bounce will it move from here
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On 15 mins chart C&H pattern formed.
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Crossing 312 is essential now
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It took 295 level support; visible on hourly chart. Now it must take 312 and closing above.