New Delhi, July 29 -- On Monday the Nifty 50 fell by 156.10 points or 0.63% to close at 24,680.90, while the BSE Sensex lost 572.07 points or 0.70% to settle at 80,891.02. Nifty Bank also continued its downward trend, dropping 444 points or 0.79% to end at 56,084.90 after breaking key support zones in the afternoon session.

Why it's recommended: The stock has shown strength by closing 1.36% higher in the previous session despite a broader market sell-off. The daily RSI is at 63 and the MACD is above the zero line, both indicating increasing bullish strength. Once the stock sustains above Rs.1,320, the setup suggests a potential breakout toward fresh lifetime highs.

Breakout zone: Sustained move above Rs.1,320 could open new highs

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