It seems, the trend in the banking sector is changing and money seems to be coming in.
It has closed above 200DMA, yet to give a close about 200WEMA
But over-all looks bullish, once can buy with stop below daily 200DMA
This is a positional bet, may work good for next couple of months.
Since this is a basket of stocks (an ETF) the risk is low compared to...
BANKBEES is at monthly demand zone of 190 to 200 for long term accumulation (SL 176)
Next level of accumulation is 140 150 (SL 134)
next level to accumulate 95 to 105 ( SL 87)
This is for long term only and to be done in tranches
SL is given for every level for better money & risk management