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Buy VIJAYABANK above 48
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
Vijaya Bank has been forming a rounding bottom pattern on monthly chart with volume mimicking the price action which is a good indicator for a rounding bottom pattern.
VIJAYABANK head and shoulders (practice purpose only)
VIJAYABANK price action has given a breakout from downward trend line resistance at 67.5 ready for target 92+ stop loss below 60.