Indian Bank is currently trading at half of its Book Value of 360 and at a P/E of 5.85.
it has recently brokeout after formation of Inverse Head and Shoulder pattern and once achieving its targets it will reach its old resistance that forms the CUP with a depth of over 371 points (2x its existing price) which might lead to price to 750+
This is not a BUY or Sell recommendation and has been posted as an outcome of my observation and practice
it has recently brokeout after formation of Inverse Head and Shoulder pattern and once achieving its targets it will reach its old resistance that forms the CUP with a depth of over 371 points (2x its existing price) which might lead to price to 750+
This is not a BUY or Sell recommendation and has been posted as an outcome of my observation and practice