2 scenario under construction in the stock as even described in charts .
As government has announced merger of 3 banks - Bank of Baroda, Dena Bank, Vijaya Bank, the price of these stocks will move up. Here is the news economictimes.indiatimes.com
i see that the stock has good chances of touching 333 in next 2 months!
DENA Bank is re-testing 8 year lows again after two years. Its been in a down trend since 7 years. Awaiting a breakdown or up on account of Result
Dena Bank is showing bullish divergence with respect to money flow index. Also the price is in a tight range since August. It may break from the range soon. Can it be a breakout? Please share your thoughts.