Long
Oriental Bank of Commerce - 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 Oriental Bank of Commerce NSE:ORIENTBANK has formed a Double Bottom around 71 levels with a positive RSI divergence.
Looks like the stock is slowly moving towards the first target of 86.75 .
Good opportunity for option writers here with a stop loss of 69.
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 Oriental Bank of Commerce NSE:ORIENTBANK has formed a Double Bottom around 71 levels with a positive RSI divergence.
Looks like the stock is slowly moving towards the first target of 86.75 .
Good opportunity for option writers here with a stop loss of 69.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.