The large cap bank set out an impulse in march 2023 and since then has been in a complex corrective mode and retraced more than 705 of the wave i. This provides a good entry and a good risk/reward from CMP to enter the stock with a good risk reward(5% vs 23%).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.