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PL Technical Research: Buy BANDHAN BANK - Technical Pick
Prabhudas Lilladher Pvt Ltd
Highlights
PL Technical Research: Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd
BUY BANDHAN BANK CMP: 242 TRGT: 270 SL: 230 - TECHNICAL PICK - The stock after a decent correction has made a higher bottom formation with the support lying strong at around 230 levels. The RSI indicator has reversed its trend on the positive side signaling a buy and also with good volume participation, we anticipate the stock to move on further till 270 level. We recommend a Buy keeping a stop loss of 230 for an upside target of 270.
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