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The Indian Banks are down for 4 days in a row. Is it the right time to jump in ?

Discussion in 'Technical Analysis' started by jiju6justus, Aug 11, 2017.

  1. jiju6justus

    jiju6justus Member

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    The Indian Banks, mainly Vijaya Bank, Bank of Baroda, ICICI, Federal bank etc. are sailing low. Is it the right time to pump in money ?
     
    jiju6justus, Aug 11, 2017
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  2. shabbir

    shabbir Administrator Staff Member

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    Not for an investment for sure because they are PSU that don't work very efficiently and you never know about their NPAs. Just price correction is not a reason to buy but the underlying business should be.
     
    shabbir, Aug 11, 2017
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  3. akashgupt81

    akashgupt81 Active Member

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    Better go for private bank like yes bank , dcb. More than banking sector I am more bullish on housing loan companies bcz as real estate get speedup they are going to benefit more.

    Sent from my Lenovo P2a42 using DIY Technical Analysis mobile app
     
    akashgupt81, Aug 15, 2017
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