Stock Radar: This PSU bank stock is down over 10% from record highs; should you buy the dip?

The PSU stock reached a record high of Rs 298 on June 3, 2024, but fell over 13% to close at Rs 257 on November 5, 2024. After peaking in June, it slipped below the 50-week average on weekly charts in August. However, it found support around the Rs 230 level several times in August, September, and October, ultimately rebounding from these levels.