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[Premium] Trade Of The Week

November 22, 2022

This week we're looking at the outperforming PSU Bank stock.

Nifty PSU Bank has been the best performer index with 52% gains year to date.

Bank of India has broken above the two years long base. The momentum is in the bullish overbought territory on both daily and weekly timeframes.

We're looking at the risk management level at 73.50 as support, with a target close to 87.

Click on the chart to zoom in.

  Thanks for reading and please let us know if you have any questions.

And if you're a Premium Member, check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team