Recently all PSU Banks moved on government decision of capital infusion, BOB also moved with the trend and hit 52 week high 206+ from 52 week low 133. But the move was not sustainable & with all other BOB also corrected sharply in last two weeks. Longs were advised to clients in two parts near 166 and 162 after our study. The stock hit 173+ and still looking hot for higher target as a flag pattern looks in making. Have a look at chart :
