🔥 BANK OF INDIA: PSU Bank Momentum Is Back
BANKINDIA is quietly turning into a trend-followers’ favorite. After a long consolidation phase, the stock has delivered a decisive breakout with expanding volumes — a classic sign of institutional participation.
What stands out technically:
• Price holding firmly above short-term EMAs
• Higher highs & higher lows intact
• RSI moving into strength zone, not yet exhausted
Trading view:
As long as BOI sustains above its breakout zone, pullbacks look buyable rather than something to fear. Momentum remains the dominant theme.
#FundamentalViews#TechnicalViews#EquityResearch
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