Panjang
Syndicate Bank - Double Bottom
After being hammered since almost a month (June 13), looks like some buying interest is coming back to PSU banks.
I can see that Syndicate Bank$NSE:SYNDIBANK has formed a Double Bottom around 38.75 levels with a positive RSI divergence.
It seems that the stock is slowly moving towards the first target of 43.85.
Good opportunity for option writers here with a stop loss below 38.75.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
I can see that Syndicate Bank$NSE:SYNDIBANK has formed a Double Bottom around 38.75 levels with a positive RSI divergence.
It seems that the stock is slowly moving towards the first target of 43.85.
Good opportunity for option writers here with a stop loss below 38.75.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.