Alright then, first of all, WARNING: Only for risky traders.
Yes Bank as seen had created a gap on hourly charts. Now it has successfully retraced and almost filled the gaps as well.
If a risk can be taken, go long from here. Technically the chart shows a breakout and up trend. Trade with stop loss according to risk appetite.
Fundamentally, the management change has been a great win-win for the stock. They are also trying to increase their income from credit card operations.
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.