This stock comes across as a wonderful accumulation candidate from a Wyckoff perspective. The volume signature is very accomodative and the PSU Banking sector looks good as a whole. I am holding long positions and will abandon the bullish view if the price falls below 230. Expect more updates with Point & Figure targets soon !!
after forming double bottom in 4hour time frame...the stock has gone 35 points from bottom
so as per Double bottom after the neckline is broken
we can enter in a retracement. Now the stock is exactly coming for retracement which had formed a channel like structure in 30 min time frame
so stops below the demand zone
buy when the channel is broken