Nirmal Bang recommended Buy on Bank of India (BOI) with target of Rs 320/330 against current market price of Rs 294.

Commenting on the investment rationale, the stock broker said, "The stock after a corrective decline from its May'14 highs has formed a symmetrical triangle pattern at Fibonacci clusters which further validates the support zone. The RSI has breached the falling trend line and is currently forming a higher high formation which indicates a bullish momentum and hints for a new high in price."

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