top trending stock, this bank stock became the top trending of the week in the discussion of privatization – top trending stock idbi bank
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The bank stock had rebounded strongly from the lows and has gained more than 20% in the last 7 trading sessions. At the same time, it is currently trading near its previous highs. In addition, the stock has been trading higher than its all important moving averages and has recorded a large number of trades recently. The technical parameters of the stock are indicating a strong bullish trend and the stock is expected to trade higher. The 14-period daily RSI (66.99) is bullish and shows bullish strength. A bullish crossover in the MACD is a potential signal of a bullish move. The OBV of the share is increasing and it registers the increasing response of investor participation in the stock.
Overall, the privatization talks have boosted investor confidence and this is evident from the rise in bank share prices. Investors can add this stock to their watchlist to track further appreciation.
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