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Indian Bank has breached its recent consolidation range on the daily chart. The stock has sustained above its critical moving average, indicating positive momentum.
The stock hit a record high of 228.90 on 23 January 2015 but it failed to hold on to the momentum and witnessed a steep fall which took the stock towards 26 in May 2020.
YES Bank is trading in a range of Rs 16 on the downside and Rs 19 on the higher side on the daily chart. The stock has lower relative strength.
Short-to-medium-term traders can look to buy the stock on dips for a possible target above 270 levels in the next 2-3 quarters, suggest experts.
Short-term traders can look to buy the stock for a target of Rs 500 in the next 2 months, suggest experts.