Indian Bank CMP 123.5

Indian bank- CMP 123.5, Technically it made a cup pattern and also another cup in formation stages. It can be taken for long with a sl of 114 for a tar of 146.4, 156, 167++. In the first cup also it reversed after touching a low of 200DMA and in second cup also it touched 200DMA today and started reversal. It recently announced quarterly results and results are good. All these factors favoring for a rise. This is only for educational purpose and investment shall be done based on the advice of financial adviser.

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