Indian Bank. Is any upside expected. ?

[relin]

Is there any upside expected in Indian Bank . The stock is going down.

What about the fundamentals and short term target .

Can anyone please help . My entry point was 151 Rs.

 

[mahesh2007]

Is there any upside expected in Indian Bank . The stock is going down.

What about the fundamentals and short term target .

Can anyone please help . My entry point was 151 Rs.

Stock is looking weaker on charts. It is well bellow it's 200DMA. Within 3 months period it was frequently trying to touch oversold territory.
It has recently made H&S pattern with gradually diminishing volume.
its 52 week low is 114 and if it closes bellow 120 it may even fall bellow 114.

Try to exit on rally with a stop loss of 125.