INDIANB MEDIUM TERM VIEW

#INDIANB MEDIUM TERM VIEW

Indian Bank, which made a lifetime high of Rs 428 on 17 Nov 2017, and amalgamated Allahabad Bank with itself, has notched FY21 EPS of Rs 27, which may rise to Rs 30+ in FY22.

- The stock is trading in a range
- We can see the Stock Accumulation at the Demand Zone.
- Trading at 50EMA in Daily TF with 38.20% FIB Retracement.
- Keep adding on Dips.

BUY @ CMP & KEEP ADDING ON DIPS
SL 122
TARGETS 155 | 200 | 240 ++
Chart PatternsTechnical IndicatorsTrend Analysis

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Garey
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