1 . Well, mnbbl is in strong support zone according to technical analysis.
2. And its price dropped after giving bonus share to its share holders. But most of the share were bought in 575-650 and i guess most the people are holding it, which causes lack of supply.
3. It is fundamentally Strong stock, it has highest no of braches among dev banks ( about 172 ) and business growth and other fundamental indicator are also positive.
For short term,
AS it is a good stock and recently it decreased drastically, so in comming 5-6 days its price is bound to go up.
For long term,
As the business growth and dividend history of the bank is quite good, it is also nice for long term investment.
Drop your watch list.