Stock of the day : Bank of India Ltd by Target Rs. 127 - Religare Broking Ltd

Bank of India Ltd
Buy Bank of India Ltd CMP 119.64 Range 118-120 SL 115 Target 127
* Bank of India demonstrates a robust bullish structure, maintaining price action above the 50, 100, and 200 EMAs, reinforcing trend strength.
* The recent consolidation phase has transitioned into renewed momentum, with successive higher highs and higher lows validating sustained demand.
* A decisive breakout above immediate resistance further enhances the upside outlook, while rising volumes confirm active accumulation.
* Investors may consider initiating long positions within the prescribed range.
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