Monday 17 December 2012

BankIndia

                                                                     Weekly Chart
                                                                      

                                                                         Daily Chart

Weekly chart is shown so that complete trend line is visible.  200 Days Moving average stands at 316. Based on moving average study 316-319 zone will be stiff reistance. Today we have doji kind of formation at long term trend line. Daily charts are overbought.

Risky players can short the share at open with 316 as sl.
script will be weak below 307  Sell at 307 sl 311 target 300

buy at 319 sl 316  target 325

No comments:

Post a Comment