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 BankNSE: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 BankNSE: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.