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NISM Certified Research Analyst & Mutual Fund Distributor.

Thursday 18 April 2013

ALLAHABAD BANK 18413

THE COUNTER FORMED A STRONG BASE AROUND RS.122 LEVELS DURING RECENT PAST AND RECOVERED SHARPLY FROM THAT LEVEL. NOW IT IS SUCCESSFULLY GIVING CLOSES ABOVE RS.133.5 A NECKLINE OF ITS VERY RECENT DOUBLE BOTTOM FORMATION. WITH THE INDICATORS LOOKING POSITIVE WE EXPECT THE COUNTER TO MOVE HIGHER. RECOMMEND BUY AT 138.2 WITH CLOSING SL OF RS.128 TGT RS.150-158.



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