Technicals
Triangle pattern formed from the time of Covid has just given a Break out with strong Bullish candle
Fundamentals
Bank faced difficulty in recovery of its loans issued post Covid from Jan'21 and that was the primary reason for fall in its price
Although there was a rating downgrade on Bank-NCD by an analytical company yesterday. As per my understanding, Bank has written off most of its non-recovery items and it is the time to revive from this point.
Please let know if there is any other view so that i can correct my process of learning.
Triangle pattern formed from the time of Covid has just given a Break out with strong Bullish candle
Fundamentals
Bank faced difficulty in recovery of its loans issued post Covid from Jan'21 and that was the primary reason for fall in its price
Although there was a rating downgrade on Bank-NCD by an analytical company yesterday. As per my understanding, Bank has written off most of its non-recovery items and it is the time to revive from this point.
Please let know if there is any other view so that i can correct my process of learning.